STEEL DYNAMICS INC (Form: 8-K, Received: 03/29/2022 12:17:38)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported) March 29, 2022 (March 24, 2022)

STEEL DYNAMICS, INC.

(Exact name of registrant as specified in its charter)

Indiana		0-21719		35-1929476
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

7575 West Jefferson Blvd, Fort Wayne, Indiana 46804

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 260-969-3500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock voting, $0.0025 par value	STLD	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 24, 2022, Russell B. Rinn, Steel Dynamics, Inc.’s (the “Company”) Executive Vice President of Metals Recycling, notified the Company that he will retire from the Company, effective July 18, 2022. Effective March 31, 2022, Mr. Rinn will cease his current duties and remain in a consulting role until his retirement, reporting to the Company’s Chief Executive Officer.

Item 8.01. Other Events

On March 24, 2022, Steel Dynamics, Inc. issued a press release titled “Steel Dynamics Announces Leadership Appointments.” A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d )

Exhibits.

The following exhibit is filed with this report:

	Exhibit Number	Description

	99.1	A press release dated March 24, 2022, titled “Steel Dynamics Announces Leadership Appointments.”

	104	Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.

	STEEL DYNAMICS, INC.

	/s/Theresa E. Wagler
Date: March 29, 2022	By:	Theresa E. Wagler
	Title:	Executive Vice President and Chief Financial Officer

Exhibit 99.1

Press Release

March 24, 2022

7575 W. Jefferson Blvd.

Fort Wayne, IN 46804

Steel Dynamics Announces Leadership Appointments

FORT WAYNE, INDIANA, March 24, 2022 / PRNewswire / Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced the transition of Miguel Alvarez to lead the company’s North American Metals Recycling platform effective March 31, 2022, which will proceed the July 2022 retirement of Russell B. Rinn, the company’s Executive Vice President of Metals Recycling since July 2011. Mr. Rinn will remain a valuable resource to the company in a consulting role until his retirement, continuing to report to the company’s Chief Executive Officer. The company is also promoting James Anderson from his current position as Vice President of the company’s steel fabrication operations to a Senior Vice President retaining the same responsibilities, also effective March 31, 2022.

“Since joining Steel Dynamics over ten years ago, Russ has played a key role as part of our senior leadership team, and has been instrumental in our metals recycling strategy,” said Mark. D. Millett, Chairman, President, and Chief Executive Officer. “Russ came to us with an already impressive resume within the steel industry, with over 30 years of leadership. I, along with our board of directors and the entire senior leadership team, recognize and appreciate his contributions to Steel Dynamics and our success. During his tenure, Russ contributed to the overall leadership of our company, and also further optimized and rationalized our recycling operations, including our strategic recycling growth in Mexico. We wish Russ the very best with his next endeavors within retirement.

“I am pleased that our ongoing succession process has provided an outstanding individual to fill Russ’ role,” continued Millett. “Miguel joined Steel Dynamics in 2019 in a new role as our Senior Vice President, Southwest U.S. and Mexico to support our steel and metals recycling growth strategy in that region. In this role, he has gained considerable knowledge of our metals recycling operations and will help us further grow and optimize this platform, as our new Senior Vice President of Metals Recycling. Prior to joining Steel Dynamics, Miguel served in various leadership roles within the steel industry since 2009.

“Additionally, I congratulate Jim in his promotion to a Senior Vice President in recognition of his contribution to the company’s overall leadership and growth in our fabrication platform, since taking primary responsibility for our steel fabrication operations in 2019.

“As we look forward, we see meaningful opportunity for Steel Dynamics, our customers, our teams, our communities, and our shareholders. We are excited to continue successfully executing our strategic growth plans with sustainable value creation,” concluded Millett.

About Steel Dynamics, Inc.

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

Contact: Investor Relations — +1.260.969.3500