Nucor Shareholders Approve New Incentive Plan and Board Elections at Annual Meeting

Nucor Corporation announced that all proposals presented at its annual meeting of stockholders were approved, including the adoption of a new incentive compensation plan and the reelection of all board nominees.

The newly approved 2025 Omnibus Incentive Compensation Plan replaces the prior equity plan and allows the company to grant a range of equity-based awards, such as stock options, restricted shares, and performance units, to employees, officers, and directors. The plan is intended to align long-term employee incentives with shareholder interests.

All eight nominees for the board of directors were reelected with strong support. Among the directors, Michael W. Lamach and Nicholas C. Gangestad received the highest number of votes in favor, while Leon J. Topalian had the highest number of withheld votes but was still reelected by a wide margin.

Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the company's independent auditor for the current fiscal year. Additionally, an advisory resolution approving executive compensation received majority support, although a notable percentage of shareholders voted against it.

The results demonstrate shareholder confidence in the company’s leadership, financial oversight, and incentive strategy going forward.