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Steel Dynamics, Inc. 2025-2026 Proxy Voting Records

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.

  • 10Ballot items
  • 776Asset managers
  • 9,271Fund votes
  • May 6, 2026Meeting date

Results at a glance

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.

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 2025-2026 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 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.

Steel Dynamics, Inc. — official shareholder meeting results, meeting held May 6, 2026
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Mark D. Millett 116,027,7365,978,063161,954 --8,251,325 95%Elected—
Elect Director: Sheree L. Bargabos 116,771,490355,0365,041,227 --8,251,325 99.6%Elected—
Elect Director: Kenneth W. Cornew 115,794,9336,208,223164,597 --8,251,325 95%Elected—
Elect Director: Traci M. Dolan 118,508,0963,497,857161,800 --8,251,325 97%Elected—
Elect Director: Jennifer L. Hamann 120,988,788936,891242,074 --8,251,325 99.2%Elected—
Elect Director: Bradley S. Seaman 111,695,6299,405,6521,066,472 --8,251,325 92%Elected—
Elect Director: Luis M. Sierra 114,999,6382,105,8445,062,271 --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 120,147,44310,078,447193,188 ---- 92%Not verified—
3. Proposal to approve, by an advisory vote, named executive officer compensation for 2025 114,604,6547,138,942424,157 --8,251,325 94%Not verified—
4. Shareholder proposal titled "Avoid Political Spending Brand Damage." 47,896,88673,898,052372,815 --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.

How asset managers voted at the Steel Dynamics, Inc. 2025-2026 meeting

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.

1. Elect Director: Mark D. Millett

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 116,027,736AGAINST: 5,978,063
Details: description as filed, official tally, votes by 164 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”): 116,027,736 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.

FOR
FOR: 50,844,914AGAINST: 13,025ABSTAIN: 10,118NOT VOTED: 111
Largest asset managers voting on “Election of Directors: Mark D. Millett” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,08056 10For
Fidelity7,226,1150 00For
BlackRock4,548,0600 00For
Capital Group3,527,6110 00For
State Street3,020,35412 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,027,7170 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.245,8120 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.

2. Elect Director: Sheree L. Bargabos

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 116,771,490AGAINST: 355,036
Details: description as filed, official tally, votes by 164 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”): 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.

FOR
FOR: 50,850,183AGAINST: 7,706ABSTAIN: 10,163NOT VOTED: 111
Largest asset managers voting on “Election of Directors: Sheree L. Bargabos” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,0842 460For
Fidelity7,226,1150 00For
BlackRock4,548,0600 00For
Capital Group3,527,6110 00For
State Street3,020,3660 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,027,7170 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.245,8120 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.

3. Elect Director: Kenneth W. Cornew

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 115,794,933AGAINST: 6,208,223
Details: description as filed, official tally, votes by 164 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”): 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.

FOR
FOR: 50,760,109AGAINST: 97,827ABSTAIN: 10,118NOT VOTED: 111
Largest asset managers voting on “Election of Directors: Kenneth W. Cornew” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,07558 10For
Fidelity7,226,1150 00For
BlackRock4,548,0600 00For
Capital Group3,527,6110 00For
State Street3,020,3660 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,027,7170 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.245,8120 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.

4. Elect Director: Jennifer L. Hamann

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 120,988,788AGAINST: 936,891
Details: description as filed, official tally, votes by 164 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”): 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.

FOR
FOR: 50,765,413AGAINST: 92,524ABSTAIN: 10,119NOT VOTED: 111
Largest asset managers voting on “Election of Directors: Jennifer L. Hamann” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,1268 20For
Fidelity7,226,1150 00For
BlackRock4,548,0600 00For
Capital Group3,527,6110 00For
State Street3,020,3660 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,027,7170 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.245,8120 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.

5. Elect Director: Bradley S. Seaman

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 111,695,629AGAINST: 9,405,652
Details: description as filed, official tally, votes by 164 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”): 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.

FOR
FOR: 50,718,419AGAINST: 139,509ABSTAIN: 10,126NOT VOTED: 111
Largest asset managers voting on “Election of Directors: Bradley S. Seaman” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,03887 90For
Fidelity7,226,1150 00For
BlackRock4,547,270790 00For
Capital Group3,527,6110 00For
State Street3,020,32145 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,027,7170 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.245,8120 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.

6. Elect Director: Luis M. Sierra

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 114,999,638AGAINST: 2,105,844
Details: description as filed, official tally, votes by 163 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”): 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.

FOR
FOR: 50,842,140AGAINST: 13,252ABSTAIN: 10,163NOT VOTED: 111
Largest asset managers voting on “Election of Directors: Luis M. Sierra” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,06821 460For
Fidelity7,226,1150 00For
BlackRock4,548,0600 00For
Capital Group3,527,6110 00For
State Street3,020,3660 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,027,7170 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.245,8120 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.

7. Elect Director: Traci M. Dolan

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 118,508,096AGAINST: 3,497,857
Details: description as filed, official tally, votes by 163 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”): 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.

FOR
FOR: 50,720,594AGAINST: 134,843ABSTAIN: 10,118NOT VOTED: 111
Largest asset managers voting on “Election of Directors: Traci M. Dolan” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,10133 10For
Fidelity7,226,1150 00For
BlackRock4,548,0600 00For
Capital Group3,527,6110 00For
State Street3,020,32145 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,025,2182,499 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.245,8120 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.

8. 3. Proposal to approve, by an advisory vote, named executive officer compensation for 2025

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

Combines 17 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 114,604,654AGAINST: 7,138,942
Details: description as filed, official tally, votes by 776 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 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).

Fund voting reports: 162 asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,819,06568 40For
Fidelity7,226,1150 00For
BlackRock4,547,270790 00For
Capital Group3,527,6110 00For
State Street3,020,3660 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,027,7170 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For
Brighthouse147,1330 10,1170Mixed

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.

Institutional-manager reports: 651 asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock5,899,623225 00For
State Street5,334,1903,735 00For
Fidelity5,161,1840 00For
GEODE CAPITAL MANAGEMENT, LLC3,821,2720 00For
Capital Research Global Investors3,629,2340 00For
T. Rowe Price3,177,7820 00For
Invesco1,982,6820 00For
NORDEA INVESTMENT MANAGEMENT AB01,931,123 00Against
Victory Capital1,799,0110 00For
Life Cycle Investment Partners Ltd1,673,6710 00For
Charles Schwab1,483,6930 00For
LORD, ABBETT & CO. LLC1,471,4800 00For
Holocene Advisors, LP1,420,7530 00For
Vanguard1,406,8990 00For
Boston Partners1,406,1500 00For
Northern Trust1,385,3720 00For
Robeco Institutional Asset Management B.V.1,317,5370 00For
Thrivent899,7060 00For
Nuveen828,9340 00For
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC772,8920 00For
AustralianSuper Pty Ltd0749,994 00Against
PARAMETRIC PORTFOLIO ASSOCIATES LLC707,3340 00For
Goldman Sachs684,6590 00For
UBS0649,620 00Against
MELLON INVESTMENTS Corp617,6460 00For

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.

9. 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.

92% Majority: yes · of votes cast

FOR 92%
FOR: 120,147,443AGAINST: 10,078,447
Details: description as filed, official tally, votes by 166 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, 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.

FOR
FOR: 50,503,059AGAINST: 365,378ABSTAIN: 10,118NOT VOTED: 111
Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AS AUDITORS” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard15,803,85815,276 10For
Fidelity7,201,95224,163 00For
BlackRock4,547,270790 00For
Capital Group3,527,6110 00For
State Street3,020,32145 00For
Invesco1,499,0750 00For
Charles Schwab1,452,2580 00For
Victory Capital1,422,0590 00For
Lord Abbett1,387,7360 00For
Global X1,024,4473,270 00For
Thrivent879,7690 00For
John Hancock876,4000 00For
TIAA806,0460 00For
Dimensional716,0020 00For
T. Rowe Price665,8940 00For
JPMorgan440,3060 00For
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Cardano Risk Management B.V.0245,812 00Against
Eaton Vance241,5140 00For
WisdomTree215,1570 00For
MASTER INVESTMENT PORTFOLIO208,9950 00For
First Trust162,2400 00For
BEXIL INVESTMENT TRUST160,0000 00For
Goldman Sachs159,0530 00For

Showing the 25 largest of 166 asset managers. See all 166 in the interactive database.

10. 4. Shareholder proposal titled "Avoid Political Spending Brand Damage."

Outcome not verifiedOTHER SOCIAL ISSUESReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

39% Majority: no · of votes cast

FOR 39%AGAINST
FOR: 47,896,886AGAINST: 73,898,052
Details: description as filed, official tally, votes by 160 asset managers

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.

FORAGAINST
FOR: 11,350,126AGAINST: 39,100,957ABSTAIN: 71,931NOT VOTED: 6,237
Largest asset managers voting on “SHAREHOLDER PROPOSAL - AVOID POLITICAL SPENDING BRAND DAMAGE” at Steel Dynamics, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard81,95515,737,176 30Against
Fidelity128,5637,097,552 00Against
BlackRock16,9954,531,065 00Against
Capital Group03,527,611 00Against
State Street3,015,1915,175 00For
Invesco1,454,82244,253 00For
Charles Schwab2961,451,961 00Against
Victory Capital1,422,0590 00For
Lord Abbett01,387,736 00Against
Global X1,027,7170 00For
Thrivent0879,769 00Against
John Hancock146,667729,733 00Mixed
TIAA806,0460 00For
Dimensional5,186710,816 00Against
T. Rowe Price0665,894 00Against
JPMorgan0440,306 00Against
Neuberger Berman342,0840 00For
OLD WESTBURY FUNDS INC303,0750 00For
Eaton Vance241,5140 00For
WisdomTree0215,157 00Against
MASTER INVESTMENT PORTFOLIO0208,995 00Against
First Trust0162,240 00Against
BEXIL INVESTMENT TRUST0160,000 00Against
Goldman Sachs0159,053 00Against
Brighthouse145,1220 12,1280Mixed

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.

Largest Steel Dynamics, Inc. shareholders voting in 2025-2026

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.

Fund voting reports: top Steel Dynamics, Inc. shareholders by shares voted on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 10.97%
2Fidelity 5.01%
3BlackRock 3.15%
4Capital Group 2.45%
5State Street 2.09%
6Invesco 1.04%
7Charles Schwab 1.01%
8Victory Capital 0.99%
9Lord Abbett 0.96%
10Global X 0.71%
Institutional-manager reports: top Steel Dynamics, Inc. shareholders by shares voted on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS”, 2025-2026
#Asset manager % of shares outstanding
1BlackRock 4.09%
2State Street 3.70%
3Fidelity 3.58%
4GEODE CAPITAL MANAGEMENT, LLC 2.65%
5Capital Research Global Investors 2.52%
6T. Rowe Price 2.20%
7Invesco 1.37%
8NORDEA INVESTMENT MANAGEMENT AB 1.34%
9Victory Capital 1.25%
10Life Cycle Investment Partners Ltd 1.16%

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 2025-2026 proxy season
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.

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 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.