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Compiled from SEC Form N-PX filings and Steel Dynamics, Inc.’s Form 8-K, filed May 8, 2026 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of May 6, 2026: 10 items on Steel Dynamics, Inc.’s Form 8-K, filed May 8, 2026: 7 elected · 3 without a stated outcome.
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
Explore Steel Dynamics, Inc. in the interactive database Compare manager voting policies
These tallies are Steel Dynamics, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 8, 2026 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Mark D. Millett | 116,027,736 | 5,978,063 | 161,954 | -- | 8,251,325 | 95% | Elected | — |
| Elect Director: Sheree L. Bargabos | 116,771,490 | 355,036 | 5,041,227 | -- | 8,251,325 | 99.6% | Elected | — |
| Elect Director: Kenneth W. Cornew | 115,794,933 | 6,208,223 | 164,597 | -- | 8,251,325 | 95% | Elected | — |
| Elect Director: Traci M. Dolan | 118,508,096 | 3,497,857 | 161,800 | -- | 8,251,325 | 97% | Elected | — |
| Elect Director: Jennifer L. Hamann | 120,988,788 | 936,891 | 242,074 | -- | 8,251,325 | 99.2% | Elected | — |
| Elect Director: Bradley S. Seaman | 111,695,629 | 9,405,652 | 1,066,472 | -- | 8,251,325 | 92% | Elected | — |
| Elect Director: Luis M. Sierra | 114,999,638 | 2,105,844 | 5,062,271 | -- | 8,251,325 | 98% | 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, 2026 | 120,147,443 | 10,078,447 | 193,188 | -- | -- | 92% | Not verified | — |
| 3. Proposal to approve, by an advisory vote, named executive officer compensation for 2025 | 114,604,654 | 7,138,942 | 424,157 | -- | 8,251,325 | 94% | Not verified | — |
| 4. Shareholder proposal titled "Avoid Political Spending Brand Damage." | 47,896,886 | 73,898,052 | 372,815 | -- | 8,251,325 | 39% | Not verified | — |
Source: Steel Dynamics, Inc., Form 8-K, filed with the SEC on May 8, 2026 — read the filing on EDGAR.
Each item below shows how the 776 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.
Combines 7 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
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”): 116,027,736 for, 5,978,063 against, per its Form 8-K filed May 8, 2026 (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 seven 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'…”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 50,844,914 for, 13,025 against, 10,118 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,080 | 56 | 1 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,548,060 | 0 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,354 | 12 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 245,812 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Combines 7 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
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”): 116,771,490 for, 355,036 against, per its Form 8-K filed May 8, 2026 (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 seven 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'…”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 50,850,183 for, 7,706 against, 10,163 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,084 | 2 | 46 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,548,060 | 0 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,366 | 0 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 245,812 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Combines 7 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
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”): 115,794,933 for, 6,208,223 against, per its Form 8-K filed May 8, 2026 (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 seven 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'…”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 50,760,109 for, 97,827 against, 10,118 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,075 | 58 | 1 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,548,060 | 0 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,366 | 0 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 245,812 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Combines 7 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
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”): 120,988,788 for, 936,891 against, per its Form 8-K filed May 8, 2026 (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 seven 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'…”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 50,765,413 for, 92,524 against, 10,119 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,126 | 8 | 2 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,548,060 | 0 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,366 | 0 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 245,812 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Combines 7 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
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”): 111,695,629 for, 9,405,652 against, per its Form 8-K filed May 8, 2026 (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 seven 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'…”
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 50,718,419 for, 139,509 against, 10,126 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,038 | 87 | 9 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,547,270 | 790 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,321 | 45 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 245,812 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
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”): 114,999,638 for, 2,105,844 against, per its Form 8-K filed May 8, 2026 (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 seven 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'…”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 163 asset managers below reported 50,842,140 for, 13,252 against, 10,163 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,068 | 21 | 46 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,548,060 | 0 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,366 | 0 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 245,812 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.
Combines 6 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
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”): 118,508,096 for, 3,497,857 against, per its Form 8-K filed May 8, 2026 (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 seven 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'…”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 163 asset managers below reported 50,720,594 for, 134,843 against, 10,118 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,101 | 33 | 1 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,548,060 | 0 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,321 | 45 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,025,218 | 2,499 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 245,812 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.
Combines 17 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
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 2025”): 114,604,654 for, 7,138,942 against, per its Form 8-K filed May 8, 2026 (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: 94% 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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,819,065 | 68 | 4 | 0 | For |
| Fidelity | 7,226,115 | 0 | 0 | 0 | For |
| BlackRock | 4,547,270 | 790 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,366 | 0 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
| Brighthouse | 147,133 | 0 | 10,117 | 0 | Mixed |
Fund voting reports, all 162 managers: 50,534,802 for, 113,507 against, 10,121 abstained, 111 not voted. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 5,899,623 | 225 | 0 | 0 | For |
| State Street | 5,334,190 | 3,735 | 0 | 0 | For |
| Fidelity | 5,161,184 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 3,821,272 | 0 | 0 | 0 | For |
| Capital Research Global Investors | 3,629,234 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,177,782 | 0 | 0 | 0 | For |
| Invesco | 1,982,682 | 0 | 0 | 0 | For |
| NORDEA INVESTMENT MANAGEMENT AB | 0 | 1,931,123 | 0 | 0 | Against |
| Victory Capital | 1,799,011 | 0 | 0 | 0 | For |
| Life Cycle Investment Partners Ltd | 1,673,671 | 0 | 0 | 0 | For |
| Charles Schwab | 1,483,693 | 0 | 0 | 0 | For |
| LORD, ABBETT & CO. LLC | 1,471,480 | 0 | 0 | 0 | For |
| Holocene Advisors, LP | 1,420,753 | 0 | 0 | 0 | For |
| Vanguard | 1,406,899 | 0 | 0 | 0 | For |
| Boston Partners | 1,406,150 | 0 | 0 | 0 | For |
| Northern Trust | 1,385,372 | 0 | 0 | 0 | For |
| Robeco Institutional Asset Management B.V. | 1,317,537 | 0 | 0 | 0 | For |
| Thrivent | 899,706 | 0 | 0 | 0 | For |
| Nuveen | 828,934 | 0 | 0 | 0 | For |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 772,892 | 0 | 0 | 0 | For |
| AustralianSuper Pty Ltd | 0 | 749,994 | 0 | 0 | Against |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | 707,334 | 0 | 0 | 0 | For |
| Goldman Sachs | 684,659 | 0 | 0 | 0 | For |
| UBS | 0 | 649,620 | 0 | 0 | Against |
| MELLON INVESTMENTS Corp | 617,646 | 0 | 0 | 0 | For |
Institutional-manager reports, all 651 managers: 63,648,133 for, 5,860,345 against, 213,852 abstained, 25,214 not voted. Showing the 25 largest; see all in the interactive database.
Combines 5 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
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, 2026”): 120,147,443 for, 10,078,447 against, per its Form 8-K filed May 8, 2026 (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: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 166 asset managers below reported 50,503,059 for, 365,378 against, 10,118 abstained, 111 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 15,803,858 | 15,276 | 1 | 0 | For |
| Fidelity | 7,201,952 | 24,163 | 0 | 0 | For |
| BlackRock | 4,547,270 | 790 | 0 | 0 | For |
| Capital Group | 3,527,611 | 0 | 0 | 0 | For |
| State Street | 3,020,321 | 45 | 0 | 0 | For |
| Invesco | 1,499,075 | 0 | 0 | 0 | For |
| Charles Schwab | 1,452,258 | 0 | 0 | 0 | For |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 1,387,736 | 0 | 0 | 0 | For |
| Global X | 1,024,447 | 3,270 | 0 | 0 | For |
| Thrivent | 879,769 | 0 | 0 | 0 | For |
| John Hancock | 876,400 | 0 | 0 | 0 | For |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 716,002 | 0 | 0 | 0 | For |
| T. Rowe Price | 665,894 | 0 | 0 | 0 | For |
| JPMorgan | 440,306 | 0 | 0 | 0 | For |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Cardano Risk Management B.V. | 0 | 245,812 | 0 | 0 | Against |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 215,157 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 208,995 | 0 | 0 | 0 | For |
| First Trust | 162,240 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 160,000 | 0 | 0 | 0 | For |
| Goldman Sachs | 159,053 | 0 | 0 | 0 | For |
Showing the 25 largest of 166 asset managers. See all 166 in the interactive database.
Combines 4 wordings of this item as funds reported it.
39% Majority: no · of votes cast
Description as filed by funds: SHAREHOLDER PROPOSAL - AVOID POLITICAL SPENDING BRAND DAMAGE
Steel Dynamics, Inc.’s own tally for this item (“4. Shareholder proposal titled "Avoid Political Spending Brand Damage."”): 47,896,886 for, 73,898,052 against, per its Form 8-K filed May 8, 2026 (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: 39% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Also reported under other wordings, matched to the same row of Steel Dynamics, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “S/H Proposal - Political/Government” (2 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).
The 160 asset managers below reported 11,350,126 for, 39,100,957 against, 71,931 abstained, 6,237 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 81,955 | 15,737,176 | 3 | 0 | Against |
| Fidelity | 128,563 | 7,097,552 | 0 | 0 | Against |
| BlackRock | 16,995 | 4,531,065 | 0 | 0 | Against |
| Capital Group | 0 | 3,527,611 | 0 | 0 | Against |
| State Street | 3,015,191 | 5,175 | 0 | 0 | For |
| Invesco | 1,454,822 | 44,253 | 0 | 0 | For |
| Charles Schwab | 296 | 1,451,961 | 0 | 0 | Against |
| Victory Capital | 1,422,059 | 0 | 0 | 0 | For |
| Lord Abbett | 0 | 1,387,736 | 0 | 0 | Against |
| Global X | 1,027,717 | 0 | 0 | 0 | For |
| Thrivent | 0 | 879,769 | 0 | 0 | Against |
| John Hancock | 146,667 | 729,733 | 0 | 0 | Mixed |
| TIAA | 806,046 | 0 | 0 | 0 | For |
| Dimensional | 5,186 | 710,816 | 0 | 0 | Against |
| T. Rowe Price | 0 | 665,894 | 0 | 0 | Against |
| JPMorgan | 0 | 440,306 | 0 | 0 | Against |
| Neuberger Berman | 342,084 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 303,075 | 0 | 0 | 0 | For |
| Eaton Vance | 241,514 | 0 | 0 | 0 | For |
| WisdomTree | 0 | 215,157 | 0 | 0 | Against |
| MASTER INVESTMENT PORTFOLIO | 0 | 208,995 | 0 | 0 | Against |
| First Trust | 0 | 162,240 | 0 | 0 | Against |
| BEXIL INVESTMENT TRUST | 0 | 160,000 | 0 | 0 | Against |
| Goldman Sachs | 0 | 159,053 | 0 | 0 | Against |
| Brighthouse | 145,122 | 0 | 12,128 | 0 | Mixed |
Showing the 25 largest of 160 asset managers. See all 160 in the interactive database.
Not shown here: this season’s fund filings also report 1 item from the meeting of April 25, 2025, which belongs to the 2024-2025 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.
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 144,212,781 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 10.97% |
| 2 | Fidelity | 5.01% |
| 3 | BlackRock | 3.15% |
| 4 | Capital Group | 2.45% |
| 5 | State Street | 2.09% |
| 6 | Invesco | 1.04% |
| 7 | Charles Schwab | 1.01% |
| 8 | Victory Capital | 0.99% |
| 9 | Lord Abbett | 0.96% |
| 10 | Global X | 0.71% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 4.09% |
| 2 | State Street | 3.70% |
| 3 | Fidelity | 3.58% |
| 4 | GEODE CAPITAL MANAGEMENT, LLC | 2.65% |
| 5 | Capital Research Global Investors | 2.52% |
| 6 | T. Rowe Price | 2.20% |
| 7 | Invesco | 1.37% |
| 8 | NORDEA INVESTMENT MANAGEMENT AB | 1.34% |
| 9 | Victory Capital | 1.25% |
| 10 | Life Cycle Investment Partners Ltd | 1.16% |
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.
| Holder | % outstanding | Disclosure |
|---|---|---|
| Vanguard Group | 11.80% | 13F |
| BlackRock | 8.59% | 13F |
| State Street | 5.21% | 13F |
| FMR (Fidelity) | 3.06% | 13F |
| Morgan Stanley | 2.27% | 13F |
| T. Rowe Price | 1.47% | 13F |
| Invesco | 1.41% | 13F |
| Dimensional Fund Advisors | 1.36% | 13F |
| JPMorgan Chase | 1.22% | 13F |
Percentages above are of 144,212,781 shares outstanding, as reported by Steel Dynamics, Inc. on its Form 10-Q dated April 22, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
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 April 22, 2026. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.
At Steel Dynamics, Inc.'s shareholder meeting held May 6, 2026, in the 2025-2026 proxy season, 776 asset managers reported how they voted on 10 ballot items in their SEC Form N-PX filings, covering 9,271 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 94% 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 May 8, 2026.
Steel Dynamics, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).
Download data (CSV): ballot items · votes by manager · column guide.