Home › Companies › STEEL DYNAMICS INC. › 2024-2025

STEEL DYNAMICS INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and STEEL DYNAMICS INC.’s Form 8-K, filed April 29, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

12Ballot items
705Asset managers
9,929Fund votes
April 25, 2025Meeting date

Results at a glance

Meeting of April 25, 2025: 12 items on STEEL DYNAMICS INC.’s Form 8-K, filed April 29, 2025: 9 elected · 3 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore STEEL DYNAMICS INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by STEEL DYNAMICS INC.

These tallies are STEEL DYNAMICS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed April 29, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

STEEL DYNAMICS INC. — official shareholder meeting results, meeting held April 25, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Mark D. Millett	116,472,117	7,686,188	52,136	--	9,077,169	94%	Elected	—
Elect Director: Sheree L. Bargabos	123,837,536	317,741	55,164	--	9,077,169	99.7%	Elected	—
Elect Director: Kenneth W. Cornew	119,562,870	4,591,917	55,654	--	9,077,169	96%	Elected	—
Elect Director: Traci M. Dolan	117,962,047	6,135,597	112,797	--	9,077,169	95%	Elected	—
Elect Director: Jennifer L. Hamann	122,269,911	1,826,320	114,210	--	9,077,169	99%	Elected	—
Elect Director: Bradley S. Seaman	116,804,030	7,350,155	56,256	--	9,077,169	94%	Elected	—
Elect Director: Gabriel L. Shaheen	118,211,062	5,943,496	55,883	--	9,077,169	95%	Elected	—
Elect Director: Luis M. Sierra	123,822,654	329,991	57,796	--	9,077,169	99.7%	Elected	—
Elect Director: Richard P. Teets, Jr.	119,949,667	4,207,417	53,357	--	9,077,169	97%	Elected	—
2. Proposal to ratify the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's auditors for the year ending December 31, 2025	117,985,138	9,464,518	5,837,954	--	--	93%	Not verified	—
3. Proposal to approve, by an advisory vote, named executive officer compensation for 2024	114,802,317	9,001,071	407,053	--	9,077,169	93%	Not verified	—
4. Shareholder proposal for special shareholder meeting improvement	14,073,212	109,932,100	205,129	--	9,077,169	11%	Not verified	—

Source: STEEL DYNAMICS INC., Form 8-K, filed with the SEC on April 29, 2025 — read the filing on EDGAR.

How asset managers voted at the STEEL DYNAMICS INC. 2024-2025 meeting

Each item below shows how the 705 asset managers that disclosed a STEEL DYNAMICS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Mark D. Millett

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 116,472,117AGAINST: 7,686,188

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Mark D. Millett

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Mark D. Millett”): 116,472,117 for, 7,686,188 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 53,455,909 for, 28,745 against, 13,518 abstained.

FOR

FOR: 53,455,909AGAINST: 28,745ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Mark D. Millett” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,025,217	2	0	For
BlackRock	4,427,760	0	0	For
Fidelity	4,283,128	0	0	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,233	137	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	1,002,292	0	0	For
Columbia Threadneedle	461,725	0	0	For
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	222,912	0	0	For
SEI	203,660	0	0	For
Jackson National	167,853	0	0	For
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	126,682	0	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

2. Elect Director: Sheree L. Bargabos

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 123,837,536AGAINST: 317,741

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Sheree L. Bargabos

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Sheree L. Bargabos”): 123,837,536 for, 317,741 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 53,478,137 for, 6,517 against, 13,518 abstained.

FOR

FOR: 53,478,137AGAINST: 6,517ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Sheree L. Bargabos” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	17,025,219	0	For
BlackRock	4,427,760	0	For
Fidelity	4,283,128	0	For
First Trust	3,720,174	0	For
Capital Group	3,530,387	0	For
Invesco	2,374,145	0	For
State Street	2,116,370	0	For
T. Rowe Price	1,987,962	0	For
Dimensional	1,938,476	0	For
Thrivent	1,532,574	0	For
Charles Schwab	1,367,460	0	For
Victory Capital	1,062,169	0	For
Lord Abbett	1,031,789	0	For
Global X	1,002,292	0	For
Columbia Threadneedle	461,725	0	For
TIAA	367,267	0	For
Goldman Sachs	324,993	0	For
American Century	277,663	0	For
WisdomTree	222,912	0	For
SEI	203,660	0	For
Jackson National	167,853	0	For
John Hancock	166,614	0	For
BEXIL INVESTMENT TRUST	160,000	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	For
Brighthouse	126,682	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

3. Elect Director: Kenneth W. Cornew

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 119,562,870AGAINST: 4,591,917

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Kenneth W. Cornew

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Kenneth W. Cornew”): 119,562,870 for, 4,591,917 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 53,468,275 for, 16,379 against, 13,518 abstained.

FOR

FOR: 53,468,275AGAINST: 16,379ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Kenneth W. Cornew” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,025,218	1	0	For
BlackRock	4,427,760	0	0	For
Fidelity	4,283,128	0	0	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,370	0	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	1,002,292	0	0	For
Columbia Threadneedle	461,725	0	0	For
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	222,912	0	0	For
SEI	203,660	0	0	For
Jackson National	167,853	0	0	For
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	126,682	0	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

4. Elect Director: Traci M. Dolan

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 117,962,047AGAINST: 6,135,597

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Traci M. Dolan

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Traci M. Dolan”): 117,962,047 for, 6,135,597 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 53,435,540 for, 49,114 against, 13,518 abstained.

FOR

FOR: 53,435,540AGAINST: 49,114ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Traci M. Dolan” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,021,963	3,256	0	For
BlackRock	4,427,760	0	0	For
Fidelity	4,283,128	0	0	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,233	137	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	972,633	29,659	0	For
Columbia Threadneedle	461,725	0	0	For
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	222,912	0	0	For
SEI	201,883	1,777	0	For
Jackson National	167,853	0	0	For
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	126,682	0	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

5. Elect Director: Jennifer L. Hamann

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 122,269,911AGAINST: 1,826,320

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Jennifer L. Hamann

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Jennifer L. Hamann”): 122,269,911 for, 1,826,320 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 53,479,854 for, 4,800 against, 13,518 abstained.

FOR

FOR: 53,479,854AGAINST: 4,800ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Jennifer L. Hamann” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	17,025,219	0	For
BlackRock	4,427,760	0	For
Fidelity	4,283,128	0	For
First Trust	3,720,174	0	For
Capital Group	3,530,387	0	For
Invesco	2,374,145	0	For
State Street	2,116,370	0	For
T. Rowe Price	1,987,962	0	For
Dimensional	1,938,476	0	For
Thrivent	1,532,574	0	For
Charles Schwab	1,367,460	0	For
Victory Capital	1,062,169	0	For
Lord Abbett	1,031,789	0	For
Global X	1,002,292	0	For
Columbia Threadneedle	461,725	0	For
TIAA	367,267	0	For
Goldman Sachs	324,993	0	For
American Century	277,663	0	For
WisdomTree	222,912	0	For
SEI	203,660	0	For
Jackson National	167,853	0	For
John Hancock	166,614	0	For
BEXIL INVESTMENT TRUST	160,000	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	For
Brighthouse	126,682	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

6. Elect Director: Bradley S. Seaman

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 116,804,030AGAINST: 7,350,155

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Bradley S. Seaman

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Bradley S. Seaman”): 116,804,030 for, 7,350,155 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 157 asset managers below reported 52,862,123 for, 622,531 against, 13,518 abstained.

FOR

FOR: 52,862,123AGAINST: 622,531ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Bradley S. Seaman” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,025,218	1	0	For
BlackRock	4,427,760	0	0	For
Fidelity	4,281,698	1,430	0	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,233	137	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	1,002,292	0	0	For
Columbia Threadneedle	0	461,725	0	Against
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	222,912	0	0	For
SEI	203,660	0	0	For
Jackson National	167,853	0	0	For
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	123,817	2,865	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

7. Elect Director: Gabriel L. Shaheen

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 118,211,062AGAINST: 5,943,496

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Gabriel L. Shaheen

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Gabriel L. Shaheen”): 118,211,062 for, 5,943,496 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 52,966,083 for, 518,571 against, 13,518 abstained.

FOR

FOR: 52,966,083AGAINST: 518,571ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Gabriel L. Shaheen” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,025,218	1	0	For
BlackRock	4,427,760	0	0	For
Fidelity	4,283,128	0	0	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,233	137	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	1,002,292	0	0	For
Columbia Threadneedle	0	461,725	0	Against
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	222,912	0	0	For
SEI	203,660	0	0	For
Jackson National	167,853	0	0	For
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	126,682	0	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

8. Elect Director: Luis M. Sierra

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 123,822,654AGAINST: 329,991

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Luis M. Sierra

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Luis M. Sierra”): 123,822,654 for, 329,991 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 53,473,264 for, 11,390 against, 13,518 abstained.

FOR

FOR: 53,473,264AGAINST: 11,390ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Luis M. Sierra” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	17,025,219	0	For
BlackRock	4,427,760	0	For
Fidelity	4,283,128	0	For
First Trust	3,720,174	0	For
Capital Group	3,530,387	0	For
Invesco	2,374,145	0	For
State Street	2,116,370	0	For
T. Rowe Price	1,987,962	0	For
Dimensional	1,938,476	0	For
Thrivent	1,532,574	0	For
Charles Schwab	1,367,460	0	For
Victory Capital	1,062,169	0	For
Lord Abbett	1,031,789	0	For
Global X	1,002,292	0	For
Columbia Threadneedle	461,725	0	For
TIAA	367,267	0	For
Goldman Sachs	324,993	0	For
American Century	277,663	0	For
WisdomTree	222,912	0	For
SEI	203,660	0	For
Jackson National	167,853	0	For
John Hancock	166,614	0	For
BEXIL INVESTMENT TRUST	160,000	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	For
Brighthouse	126,682	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

9. Elect Director: Richard P. Teets, Jr.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 119,949,667AGAINST: 4,207,417

Details: description as filed, official tally, votes by 157 asset managers

Description as filed by funds: Election of Directors: Richard P. Teets, Jr.

STEEL DYNAMICS INC.’s own tally for this item (“Elect Director: Richard P. Teets, Jr.”): 119,949,667 for, 4,207,417 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “At the meeting, shareholders elected all nine of the directors nominated by the Board of Directors, to serve for a term of one year and until their successors are duly elected and qualified; ratified the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's…”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 157 asset managers below reported 52,978,523 for, 506,132 against, 13,518 abstained.

FOR

FOR: 52,978,523AGAINST: 506,132ABSTAIN: 13,518

Largest asset managers voting on “Election of Directors: Richard P. Teets, Jr.” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,025,218	1	0	For
BlackRock	4,427,760	0	0	For
Fidelity	4,283,128	0	0	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,233	137	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	1,002,292	0	0	For
Columbia Threadneedle	0	461,725	0	Against
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	222,912	0	0	For
SEI	203,660	0	0	For
Jackson National	167,853	0	0	For
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	126,682	0	13,518	Mixed

Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.

10. 3. Proposal to approve, by an advisory vote, named executive officer compensation for 2024

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 16 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 114,802,317AGAINST: 9,001,071

Details: description as filed, official tally, votes by 701 asset managers

Description as filed by funds: ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS

STEEL DYNAMICS INC.’s own tally for this item (“3. Proposal to approve, by an advisory vote, named executive officer compensation for 2024”): 114,802,317 for, 9,001,071 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 155 asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,021,029	4,190	0	For
BlackRock	4,425,485	2,275	0	For
Fidelity	4,283,128	0	0	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,103	267	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	972,633	29,659	0	For
Columbia Threadneedle	461,725	0	0	For
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	0	222,912	0	Against
SEI	201,883	1,777	0	For
Jackson National	84,754	83,099	0	Mixed
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	126,682	0	13,518	Mixed

Fund voting reports, all 155 managers: 52,850,577 for, 552,431 against, 13,518 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 577 asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
T. Rowe Price	7,305,189	0	0	For
State Street	4,541,212	267	0	For
GEODE CAPITAL MANAGEMENT, LLC	3,693,159	0	0	For
Capital Research Global Investors	3,595,581	0	0	For
Invesco	2,643,669	0	0	For
Holocene Advisors, LP	2,435,481	0	0	For
Thrivent	1,561,975	0	0	For
Northern Trust	1,467,362	0	0	For
Charles Schwab	1,389,620	0	0	For
NORDEA INVESTMENT MANAGEMENT AB	0	1,331,280	0	Against
Victory Capital	1,322,649	0	0	For
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	1,212,448	0	0	For
LORD, ABBETT & CO. LLC	1,132,298	0	0	For
Robeco Institutional Asset Management B.V.	1,020,330	0	0	For
Fidelity	969,093	0	0	For
Vanguard	901,567	0	0	For
Legal & General Investment Management Ltd	6,787	831,485	0	Against
UBS	0	820,044	0	Against
LSV ASSET MANAGEMENT	804,297	3,600	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	688,383	0	0	For
JPMorgan	682,024	0	1,896	For
Goldman Sachs	669,183	0	0	For
Dimensional	648,415	0	0	For
MELLON INVESTMENTS Corp	0	558,663	0	Against
STOREBRAND ASSET MANAGEMENT AS	551,235	0	0	For

Institutional-manager reports, all 577 managers: 53,231,175 for, 6,360,847 against, 34,360 abstained, 15,767 not voted, 20,141 unknown. Showing the 25 largest; see all in the interactive database.

11. 2. Proposal to ratify the appointment of Ernst & Young LLP independent registered public accounting firm as the…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 117,985,138AGAINST: 9,464,518

Details: description as filed, official tally, votes by 161 asset managers

Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AS AUDITORS

STEEL DYNAMICS INC.’s own tally for this item (“2. Proposal to ratify the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's auditors for the year ending December 31, 2025”): 117,985,138 for, 9,464,518 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 161 asset managers below reported 53,311,569 for, 190,720 against, 14,949 abstained.

FOR

FOR: 53,311,569AGAINST: 190,720ABSTAIN: 14,949

Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AS AUDITORS” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	17,021,961	3,257	1	For
BlackRock	4,427,760	0	0	For
Fidelity	4,281,698	0	1,430	For
First Trust	3,720,174	0	0	For
Capital Group	3,530,387	0	0	For
Invesco	2,374,145	0	0	For
State Street	2,116,233	137	0	For
T. Rowe Price	1,987,962	0	0	For
Dimensional	1,938,476	0	0	For
Thrivent	1,532,574	0	0	For
Charles Schwab	1,367,460	0	0	For
Victory Capital	1,062,169	0	0	For
Lord Abbett	1,031,789	0	0	For
Global X	975,494	26,798	0	For
Columbia Threadneedle	461,725	0	0	For
TIAA	367,267	0	0	For
Goldman Sachs	324,993	0	0	For
American Century	277,663	0	0	For
WisdomTree	222,912	0	0	For
SEI	203,660	0	0	For
Jackson National	167,853	0	0	For
John Hancock	166,614	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
AB RELATIVE VALUE FUND, INC.	154,224	0	0	For
Brighthouse	123,817	2,865	13,518	Mixed

Showing the 25 largest of 161 asset managers. See all 161 in the interactive database.

12. 4. Shareholder proposal for special shareholder meeting improvement

Outcome not verifiedSHAREHOLDER RIGHTS AND DEFENSESReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

11% Majority: no · of votes cast

11%AGAINST

FOR: 14,073,212AGAINST: 109,932,100

Details: description as filed, official tally, votes by 155 asset managers

Description as filed by funds: SHAREHOLDER PROPOSAL - SPECIAL SHAREHOLDER MEETING IMPROVEMENT

STEEL DYNAMICS INC.’s own tally for this item (“4. Shareholder proposal for special shareholder meeting improvement”): 14,073,212 for, 109,932,100 against, per its Form 8-K filed April 29, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 11% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 155 asset managers below reported 2,695,017 for, 50,752,526 against, 13,518 abstained.

AGAINST

FOR: 2,695,017AGAINST: 50,752,526ABSTAIN: 13,518

Largest asset managers voting on “SHAREHOLDER PROPOSAL - SPECIAL SHAREHOLDER MEETING IMPROVEMENT” at STEEL DYNAMICS INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,190	17,021,029	0	Against
BlackRock	3,025	4,424,735	0	Against
Fidelity	104,200	4,178,928	0	Against
First Trust	0	3,720,174	0	Against
Capital Group	0	3,530,387	0	Against
Invesco	0	2,374,145	0	Against
State Street	267	2,116,103	0	Against
T. Rowe Price	0	1,987,962	0	Against
Dimensional	0	1,938,476	0	Against
Thrivent	0	1,532,574	0	Against
Charles Schwab	0	1,367,460	0	Against
Victory Capital	0	1,062,169	0	Against
Lord Abbett	0	1,031,789	0	Against
Global X	1,002,292	0	0	For
Columbia Threadneedle	0	461,725	0	Against
TIAA	0	367,267	0	Against
Goldman Sachs	0	324,993	0	Against
American Century	277,663	0	0	For
WisdomTree	0	222,912	0	Against
SEI	203,660	0	0	For
Jackson National	0	167,853	0	Against
John Hancock	0	166,614	0	Against
BEXIL INVESTMENT TRUST	0	160,000	0	Against
AB RELATIVE VALUE FUND, INC.	0	154,224	0	Against
Brighthouse	54,865	71,817	13,518	Mixed

Showing the 25 largest of 155 asset managers. See all 155 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 9, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest STEEL DYNAMICS INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 149,380,035 shares outstanding at the time of that meeting.

Fund voting reports: top STEEL DYNAMICS INC. shareholders by shares voted on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS”, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	11.40%
2	BlackRock	2.96%
3	Fidelity	2.87%
4	First Trust	2.49%
5	Capital Group	2.36%
6	Invesco	1.59%
7	State Street	1.42%
8	T. Rowe Price	1.33%
9	Dimensional	1.30%
10	Thrivent	1.03%

Institutional-manager reports: top STEEL DYNAMICS INC. shareholders by shares voted on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS”, 2024-2025
#	Asset manager	% of shares outstanding
1	T. Rowe Price	4.89%
2	State Street	3.04%
3	GEODE CAPITAL MANAGEMENT, LLC	2.47%
4	Capital Research Global Investors	2.41%
5	Invesco	1.77%
6	Holocene Advisors, LP	1.63%
7	Thrivent	1.05%
8	Northern Trust	0.98%
9	Charles Schwab	0.93%
10	NORDEA INVESTMENT MANAGEMENT AB	0.89%

Reported STEEL DYNAMICS INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

STEEL DYNAMICS INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	11.77%	13F
BlackRock	8.35%	13F
State Street	4.73%	13F
T. Rowe Price	4.73%	13F
Invesco	1.87%	13F
Dimensional Fund Advisors	1.87%	13F
Morgan Stanley	1.69%	13F
Norges Bank	1.62%	13F
Goldman Sachs	1.18%	13F

Percentages above are of 149,380,035 shares outstanding, as reported by STEEL DYNAMICS INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from STEEL DYNAMICS INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At STEEL DYNAMICS INC.'s shareholder meeting held April 25, 2025, in the 2024-2025 proxy season, 705 asset managers reported how they voted on 12 ballot items in their SEC Form N-PX filings, covering 9,929 separate fund positions. On the most widely held item on that ballot — ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS — FOR was 93% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: STEEL DYNAMICS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on April 29, 2025.

STEEL DYNAMICS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.