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Get filing alertsSteel Dynamics declares $0.53 Q2 dividend, shareholders approve all governance proposals
Filed May 8, 2026 · Period ending May 6, 2026 · ~1 min read
Key Changes
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Board declared a $0.53 per share cash dividend for Q2 2026, payable July 10 to shareholders of record June 30.
Item 8.01 verify on EDGAR → -
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All seven directors elected with 91.5%–99.2% support; say-on-pay approved with 94.1% support; auditor ratified with 92.3% support.
Item 5.07 verify on EDGAR → -
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Shareholder proposal on political spending rejected with 60.7% voting against.
Item 5.07 verify on EDGAR →
Summary
Steel Dynamics held its 2026 annual meeting on May 6, with 90.12% of outstanding shares represented (130.4 million of 144.7 million shares). The board declared a quarterly cash dividend of $0.53 per share, continuing the company's regular capital return program. Shareholders approved all management proposals with healthy margins: all seven directors were elected with support ranging from 91.5% to 99.2% of votes cast, executive compensation was approved with 94.1% support, and Ernst & Young was ratified as auditor with 92.3% support.
A shareholder proposal requesting disclosure on political spending was rejected, with 60.7% voting against. The voting results reflect routine, uncontested governance outcomes with no material concerns for investors.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
STLD held its 2026 annual meeting, electing all seven directors, ratifying auditors, approving executive pay, and rejecting a political spending proposal.
Show 4 minor / wording changes
Added in current filing · verify on EDGAR →
Of the 144,722,225 shares of common stock issued and outstanding as of the record date on March 16, 2026, 130,419,078 shares were present, in person or by proxy, thus constituting a quorum of 90.12% of the total shares outstanding and entitled to vote. ... Mark D. Millett 116,027,736 | 5,978,063 | 161,954 | 8,251,325 Sheree L. Bargabos 116,771,490 | 355,036 | 5,041,227 | 8,251,325 Kenneth W. Cornew 115,794,933 | 6,208,223 | 164,597 | 8,251,325 Traci M. Dolan 118,508,096 | 3,497,857 | 161,800 | 8,251,325 Jennifer L. Hamann 120,988,788 | 936,891 | 242,074 | 8,251,325 Bradley S. Seaman 111,695,629 | 9,405,652 | 1,066,472 | 8,251,325 Luis M. Sierra 114,999,638 | 2,105,844 | 5,062,271 | 8,251,325
All seven director nominees were elected for one-year terms. Support ranged from 91.5% to 99.2% of votes cast. As a percentage of shares outstanding, support ranged from 77.2% (Seaman) to 83.6% (Hamann). Director Seaman received the highest opposition at 7.7% of votes cast, while Bargabos received the lowest at 0.3%. These are routine, healthy approval levels for uncontested director elections.
Added in current filing · verify on EDGAR →
120,147,443 10,078,447 193,188 -
Shareholders ratified Ernst & Young LLP as the company's auditor for 2026 with 92.3% support of votes cast (83.0% of shares outstanding). The 7.7% opposition is within normal range for auditor ratification votes.
Added in current filing · verify on EDGAR →
114,604,654 | 7,138,942 | 424,157 | 8,251,325
Shareholders approved executive compensation for 2025 with 94.1% support of votes cast (79.2% of shares outstanding). The 5.9% opposition is well within the typical range for say-on-pay votes, indicating broad shareholder satisfaction with executive pay practices.
Added in current filing · verify on EDGAR →
47,896,886 | 73,898,052 | 372,815 | 8,251,325
A shareholder proposal titled "Avoid Political Spending Brand Damage" was rejected with 60.7% voting against and 39.3% voting for (of votes cast). As a percentage of shares outstanding, 33.1% of shares supported the proposal while 51.1% opposed it. The proposal did not pass.
Event · Item 8.01 — Other Events
Steel Dynamics declared a Q2 2026 cash dividend.
Added in current filing · verify on EDGAR →
Steel Dynamics Announces Second Quarter 2026 Cash Dividend
The company announced a cash dividend for the second quarter of 2026. The 8-K references a press release (Exhibit 99.1) containing the dividend details, but the specific amount, record date, and payment date are not disclosed in the body of the filing itself.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company’s board of directors declared a second quarter cash dividend of $0.53 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2026 and is payable on or about July 10, 2026.
The board declared a quarterly cash dividend of $0.53 per common share for the second quarter of 2026. Shareholders of record as of June 30, 2026 will receive payment on or about July 10, 2026. This is a routine capital allocation decision returning cash to shareholders.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify