Home / Companies / Steel Dynamics, Inc. / 25 Apr 2025
Steel Dynamics, Inc.: meeting of 25 Apr 2025
Votes reported on Form N-PX, item by item
952 Form N-PX filers reported votes at the Steel Dynamics, Inc. meeting of 25 Apr 2025. Their records fall into 5 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
DIRECTOR ELECTIONSIssuer
Director elections
9 nominees; 96.3% of reported votes for; 30 filers withheld from or voted against at least one nominee.
6,736 vote records from 292 filers. 4 of the 288 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
1,503 vote records from 934 filers. 99 of the 898 filers that marked the item either way voted against management. 36 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
751 vote records from 291 filers. 6 of the 287 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.
CORPORATE GOVERNANCESecurity holder
Shareholder proposal - special shareholder meeting improvement
721 vote records from 280 filers. 47 of the 276 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.
Several categoriesSecurity holder
Shareholder proposals (not separable from the filings)
Filers described these proposals in wordings that could not be matched to one another, so they are shown together.
2 vote records from 2 filers. 0 of the 2 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 4. Proposal |
|---|---|---|---|---|
| Vanguard | For | For | For | Against |
| BlackRock and iShares | For | No report | For | Against |
| Fidelity | For | For | For | Against |
| Dimensional | For | For | For | Against |
| State Street and SPDR | For | For | For | Against |
| American Century | For | For | For | For * |
| Franklin Templeton | For | For | For | For * |
| Invesco | For | For | For | Against |
| Equitable | For | For | For | Against |
| Charles Schwab | For | For | For | Against |
| Nuveen and TIAA | For | For | For | Against |
| ProShares and ProFunds | For | For | For | Against |
| John Hancock and Manulife | For | For | For | Against |
| Morgan Stanley, Eaton Vance and Calvert | For | For | For | Against |
| J.P. Morgan | For | For | For | For * |
| Goldman Sachs | For | For | For | Against |
| WisdomTree | For | Against * | For | Against |
| PGIM and Prudential | For | For | For | Against |
| Jackson National funds | For | For | For | Against |
| Northern Trust and FlexShares | For | For | For | Against |
| SEI | For | For | For | For * |
| T. Rowe Price | For | For | For | Against |
| Thrivent | For | For | For | Against |
| Lincoln Financial | For | For | For | Against |
| Voya | For | For | For | Against |
| First Trust | For | For | For | Against |
| Russell Investments | For | For | For | For * |
| Nationwide | For | For | For | Against |
| Victory Capital | For | For | For | Against |
| Brighthouse Funds | For | For | For | Against * |
| Guggenheim and Rydex | For | For | For | Against |
| Columbia Threadneedle | For | For | For | Against |
| BNY Mellon | For | Against * | For | Against |
| Principal | For | For | For | Against |
| Capital Group and American Funds | For | For | For | Against |
| Pacific Life funds | For | For | For | Against |
| Global X | For | For | For | No report |
| Transamerica | For | For | For | Against |
| Federated Hermes | For | For | For | Against |
| AllianceBernstein | For | For | For | Against |
| Hartford Funds | For | For | Against * | For * |
| DWS | For | For | For | Against |
| PIMCO | For | For | For | Against |
| Allspring | For | For | For | Against |
| MassMutual | For | For | For | Against |
| Harbor Funds | For | For | For | Against |
| VanEck | For | For | For | For * |
| Macquarie and Delaware Funds | For | For | For | Against |
| Janus Henderson | No report | For | No report | No report |
| Neuberger Berman | For | For | For | Against |
| American Beacon | For | For | For | For |
| Natixis and Loomis Sayles | For | For | For | Against |
| Lord Abbett | For | For | For | Against |
| Cohen & Steers | For | For | For | For * |
| Harris Associates and Oakmark | No report | For | No report | No report |
| Baird | No report | For | No report | No report |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
Questions
How did large funds vote at the Steel Dynamics, Inc. meeting?
952 Form N-PX filers reported votes at the meeting of 25 Apr 2025. On say-on-pay, 99 of 898 voted against management (11.0%). One proposal from security holders could be told apart in the filings. The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by Steel Dynamics, Inc. on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for Steel Dynamics, Inc.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Steel Dynamics, Inc. with a meeting date within three days of 25 Apr 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.