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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 2026-05-08 (Item 5.07 on EDGAR). Page generated 04 October 2026.

81Reported items
780Asset managers
10,297Fund votes
2026-05-06Meeting date

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 2026-05-08 (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 2026-05-06
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Mark D. Millett	116,027,736	5,978,063	161,954	--	8,251,325	Majority: yes
Elect Director: Sheree L. Bargabos	116,771,490	355,036	5,041,227	--	8,251,325	Majority: yes
Elect Director: Kenneth W. Cornew	115,794,933	6,208,223	164,597	--	8,251,325	Majority: yes
Elect Director: Traci M. Dolan	118,508,096	3,497,857	161,800	--	8,251,325	Majority: yes
Elect Director: Jennifer L. Hamann	120,988,788	936,891	242,074	--	8,251,325	Majority: yes
Elect Director: Bradley S. Seaman	111,695,629	9,405,652	1,066,472	--	8,251,325	Majority: yes
Elect Director: Luis M. Sierra	114,999,638	2,105,844	5,062,271	--	8,251,325	Majority: yes

Source: Steel Dynamics, Inc., Form 8-K, filed with the SEC on 2026-05-08 — read the filing on EDGAR.

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

Each item below shows how the 780 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Steel Dynamics, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-05-06.

Combines 5 wordings of this item as funds reported it.

97% fund support · no official result

FOR 97%

The 729 asset managers below cast 97% of the shares they voted on this item FOR (108,357,696 for, 3,436,768 against).

FOR: 108,357,696 (96.7%)AGAINST: 3,436,768 (3.1%)ABSTAIN: 198,207 (0.2%)NOT VOTED: 21,197 (0.0%)

Largest asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	17,225,964	68	4	For
Fidelity	12,387,299	0	0	For
BlackRock	10,446,893	1,015	0	For
State Street	5,299,049	3,735	0	For
T. Rowe Price	3,843,676	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	3,821,272	0	0	For
Capital Research Global Investors	3,629,234	0	0	For
Capital Group	3,530,802	0	0	For
Invesco	3,481,757	0	0	For
Victory Capital	3,221,070	0	0	For
Charles Schwab	2,935,951	0	0	For
Thrivent	1,779,475	0	0	For
LORD, ABBETT & CO. LLC	1,471,480	0	0	For
Northern Trust	1,438,514	0	0	For
Holocene Advisors, LP	1,420,753	0	0	For
Boston Partners	1,406,150	0	0	For
Lord Abbett	1,387,736	0	0	For
Robeco Institutional Asset Management B.V.	1,317,537	0	0	For
Dimensional	1,230,303	0	0	For
Global X	1,030,025	0	0	For
John Hancock	953,991	0	0	For
Goldman Sachs	843,712	0	0	For
Neuberger Berman	830,369	0	0	For
Nuveen	828,934	0	0	For
TIAA	806,339	0	0	For

Showing the 25 largest of 729 asset managers. See all 729 in the interactive database.

2. Election of Directors: Mark D. Millett

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-06.

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

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 2026-05-08 (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. Of all 144,212,781 outstanding shares: 80% for, 4% against (85% of the company cast a for/against vote).

The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (50,836,922 for, 13,025 against).

FOR 99.9%

FOR: 50,836,922 (100.0%)AGAINST: 13,025 (0.0%)ABSTAIN: 10,118 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “Election of Directors: Mark D. Millett” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,819,080	56	1	For
Fidelity	7,226,115	0	0	For
BlackRock	4,548,060	0	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,354	12	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,027,717	0	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Cardano Risk Management B.V.	245,812	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For

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

3. Election of Directors: Sheree L. Bargabos

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-06.

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

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 2026-05-08 (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. Of all 144,212,781 outstanding shares: 81% for, 0.3% against (81% of the company cast a for/against vote).

The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (50,842,191 for, 7,706 against).

FOR 99.9%

FOR: 50,842,191 (100.0%)AGAINST: 7,706 (0.0%)ABSTAIN: 10,163 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “Election of Directors: Sheree L. Bargabos” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,819,084	2	46	For
Fidelity	7,226,115	0	0	For
BlackRock	4,548,060	0	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,366	0	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,027,717	0	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Cardano Risk Management B.V.	245,812	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For

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

4. Election of Directors: Kenneth W. Cornew

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-06.

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

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 2026-05-08 (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. Of all 144,212,781 outstanding shares: 80% for, 4% against (85% of the company cast a for/against vote).

The 164 asset managers below cast 99.8% of the shares they voted on this item FOR (50,752,117 for, 97,827 against).

FOR 99.7%

FOR: 50,752,117 (99.8%)AGAINST: 97,827 (0.2%)ABSTAIN: 10,118 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “Election of Directors: Kenneth W. Cornew” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,819,075	58	1	For
Fidelity	7,226,115	0	0	For
BlackRock	4,548,060	0	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,366	0	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,027,717	0	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Cardano Risk Management B.V.	245,812	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For

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

5. Election of Directors: Jennifer L. Hamann

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-06.

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

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 2026-05-08 (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. Of all 144,212,781 outstanding shares: 84% for, 0.7% against (85% of the company cast a for/against vote).

The 164 asset managers below cast 99.8% of the shares they voted on this item FOR (50,757,421 for, 92,524 against).

FOR 99.7%

FOR: 50,757,421 (99.8%)AGAINST: 92,524 (0.2%)ABSTAIN: 10,119 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “Election of Directors: Jennifer L. Hamann” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,819,126	8	2	For
Fidelity	7,226,115	0	0	For
BlackRock	4,548,060	0	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,366	0	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,027,717	0	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Cardano Risk Management B.V.	245,812	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For

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

6. Election of Directors: Bradley S. Seaman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-06.

Combines 7 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 111,695,629AGAINST: 9,405,652

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 2026-05-08 (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. Of all 144,212,781 outstanding shares: 77% for, 7% against (84% of the company cast a for/against vote).

The 164 asset managers below cast 99.7% of the shares they voted on this item FOR (50,710,427 for, 139,509 against).

FOR 99.7%

FOR: 50,710,427 (99.7%)AGAINST: 139,509 (0.3%)ABSTAIN: 10,126 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “Election of Directors: Bradley S. Seaman” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,819,038	87	9	For
Fidelity	7,226,115	0	0	For
BlackRock	4,547,270	790	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,321	45	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,027,717	0	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Cardano Risk Management B.V.	245,812	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For

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

7. Election of Directors: Luis M. Sierra

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-06.

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

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 2026-05-08 (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. Of all 144,212,781 outstanding shares: 80% for, 1% against (81% of the company cast a for/against vote).

The 163 asset managers below cast 99.9% of the shares they voted on this item FOR (50,834,148 for, 13,252 against).

FOR 99.9%

FOR: 50,834,148 (100.0%)AGAINST: 13,252 (0.0%)ABSTAIN: 10,162 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “Election of Directors: Luis M. Sierra” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,819,068	21	45	For
Fidelity	7,226,115	0	0	For
BlackRock	4,548,060	0	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,366	0	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,027,717	0	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Cardano Risk Management B.V.	245,812	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For

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

8. Election of Directors: Traci M. Dolan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-06.

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

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 2026-05-08 (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. Of all 144,212,781 outstanding shares: 82% for, 2% against (85% of the company cast a for/against vote).

The 163 asset managers below cast 99.7% of the shares they voted on this item FOR (50,712,602 for, 134,843 against).

FOR 99.7%

FOR: 50,712,602 (99.7%)AGAINST: 134,843 (0.3%)ABSTAIN: 10,118 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “Election of Directors: Traci M. Dolan” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,819,101	33	1	For
Fidelity	7,226,115	0	0	For
BlackRock	4,548,060	0	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,321	45	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,025,218	2,499	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Cardano Risk Management B.V.	245,812	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For

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

9. RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AS AUDITORS

AUDIT-RELATED

Meeting held 2026-05-06.

Combines 2 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 159 asset managers below cast 99.7% of the shares they voted on this item FOR (50,391,461 for, 119,566 against).

FOR: 50,391,461 (99.7%)AGAINST: 119,566 (0.2%)ABSTAIN: 10,118 (0.0%)NOT VOTED: 111 (0.0%)

Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AS AUDITORS” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,803,858	15,276	1	For
Fidelity	7,201,952	24,163	0	For
BlackRock	4,547,270	790	0	For
Capital Group	3,527,611	0	0	For
State Street	3,020,321	45	0	For
Invesco	1,499,075	0	0	For
Charles Schwab	1,452,258	0	0	For
Victory Capital	1,422,059	0	0	For
Lord Abbett	1,387,736	0	0	For
Global X	1,024,447	3,270	0	For
Thrivent	879,769	0	0	For
John Hancock	876,400	0	0	For
TIAA	806,046	0	0	For
Dimensional	716,002	0	0	For
T. Rowe Price	665,894	0	0	For
JPMorgan	440,306	0	0	For
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	211,153	0	0	For
MASTER INVESTMENT PORTFOLIO	208,995	0	0	For
First Trust	167,868	0	0	For
BEXIL INVESTMENT TRUST	160,000	0	0	For
Goldman Sachs	159,053	0	0	For
Brighthouse	144,562	2,571	10,117	For

Showing the 25 largest of 159 asset managers. See all 159 in the interactive database.

10. SHAREHOLDER PROPOSAL - AVOID POLITICAL SPENDING BRAND DAMAGE

OTHER SOCIAL ISSUES

Meeting held 2026-05-06.

Combines 3 wordings of this item as funds reported it.

23% fund support · no official result

FOR 22%AGAINST 77%

The 159 asset managers below cast 23% of the shares they voted on this item FOR (11,350,125 for, 39,092,961 against).

FOR: 11,350,125 (22.5%)AGAINST: 39,092,961 (77.4%)ABSTAIN: 71,931 (0.1%)NOT VOTED: 6,237 (0.0%)

Largest asset managers voting on “SHAREHOLDER PROPOSAL - AVOID POLITICAL SPENDING BRAND DAMAGE” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	81,954	15,737,176	3	Against
Fidelity	128,563	7,097,552	0	Against
BlackRock	16,995	4,531,065	0	Against
Capital Group	0	3,527,611	0	Against
State Street	3,015,191	5,175	0	For
Invesco	1,454,822	44,253	0	For
Charles Schwab	296	1,451,961	0	Against
Victory Capital	1,422,059	0	0	For
Lord Abbett	0	1,387,736	0	Against
Global X	1,027,717	0	0	For
Thrivent	0	879,769	0	Against
John Hancock	146,667	729,733	0	Against
TIAA	806,046	0	0	For
Dimensional	5,186	710,816	0	Against
T. Rowe Price	0	665,894	0	Against
JPMorgan	0	440,306	0	Against
Neuberger Berman	342,084	0	0	For
OLD WESTBURY FUNDS INC	303,075	0	0	For
Eaton Vance	241,514	0	0	For
WisdomTree	0	211,153	0	Against
MASTER INVESTMENT PORTFOLIO	0	208,995	0	Against
First Trust	0	167,868	0	Against
BEXIL INVESTMENT TRUST	0	160,000	0	Against
Goldman Sachs	0	159,053	0	Against
Brighthouse	145,122	0	12,128	For

Showing the 25 largest of 159 asset managers. See all 159 in the interactive database.

11. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-05-06.

50.6% fund support · no official result

FOR 50.6%AGAINST 49.4%

The 29 asset managers below cast 50.6% of the shares they voted on this item FOR (2,580,873 for, 2,520,621 against).

FOR: 2,580,873 (50.6%)AGAINST: 2,520,621 (49.4%)NOT VOTED: 3,053 (0.1%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
NORDEA INVESTMENT MANAGEMENT AB	0	1,931,123	Against
Life Cycle Investment Partners Ltd	1,673,671	0	For
STOREBRAND ASSET MANAGEMENT AS	524,375	0	For
APG Asset Management US Inc.	0	334,702	Against
Cardano Risk Management B.V.	0	245,812	Against
Ninety One UK Ltd	131,204	0	For
AMERICAN BEACON SELECT FUNDS	60,264	0	For
Swiss Life Asset Management Ltd	51,107	0	For
Hosking Partners LLP	31,485	0	For
Osmosis Investment Management UK Ltd	31,196	0	For
Empower	22,875	0	For
ADVISORY RESEARCH INC	19,755	0	For
Wilshire Advisors LLC	14,767	0	For
Union Investment Management GmbH	0	8,904	Against
CLEARWATER INVESTMENT TRUST	5,134	0	For
NORTHERN LIGHTS FUND TRUST II	3,500	0	For
JPMorgan	0	0	Not Voted
Metzler Asset Management GmbH	2,989	0	For
Fractal Investments LLC	2,694	0	For
TD Waterhouse Canada Inc.	2,029	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,390	0	For
Dorsey Wright & Associates	1,329	0	For
Convergence Investment Partners, LLC	643	0	For
ARS Investment Partners, LLC	365	0	For
Impact Investors, Inc	0	80	Against

Showing the 25 largest of 29 asset managers. See all 29 in the interactive database.

12. Amend Rules and Procedures Regarding General Meetings of Shareholders

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

16% fund support · no official result

FOR 16%AGAINST 84%

The 21 asset managers below cast 16% of the shares they voted on this item FOR (445,800 for, 2,331,130 against).

FOR: 445,800 (16.1%)AGAINST: 2,331,130 (83.9%)

Largest asset managers voting on “Amend Rules and Procedures Regarding General Meetings of Shareholders” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	1,252,684	Against
Fidelity	0	284,984	Against
T. Rowe Price	278,000	0	For
Dimensional	0	231,167	Against
MATTHEWS INTERNATIONAL FUNDS	167,800	0	For
TIAA	0	139,763	Against
Aberdeen	0	110,820	Against
Brighthouse	0	95,700	Against
State Street	0	81,561	Against
WisdomTree	0	37,300	Against
RBB FUND, INC.	0	36,300	Against
Putnam	0	26,200	Against
Northern Trust	0	16,029	Against
Franklin Templeton	0	5,400	Against
Morgan Stanley	0	3,480	Against
DWS	0	3,105	Against
Advisors' Inner Circle Fund III	0	2,700	Against
Goldman Sachs	0	1,988	Against
Lincoln Financial	0	1,623	Against
Pacific Life	0	306	Against
BNY Mellon	0	20	Against

13. Amend Rules and Procedures Regarding Meetings of Board of Directors

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

16% fund support · no official result

FOR 16%AGAINST 84%

The 21 asset managers below cast 16% of the shares they voted on this item FOR (445,800 for, 2,331,130 against).

FOR: 445,800 (16.1%)AGAINST: 2,331,130 (83.9%)

Largest asset managers voting on “Amend Rules and Procedures Regarding Meetings of Board of Directors” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	1,252,684	Against
Fidelity	0	284,984	Against
T. Rowe Price	278,000	0	For
Dimensional	0	231,167	Against
MATTHEWS INTERNATIONAL FUNDS	167,800	0	For
TIAA	0	139,763	Against
Aberdeen	0	110,820	Against
Brighthouse	0	95,700	Against
State Street	0	81,561	Against
WisdomTree	0	37,300	Against
RBB FUND, INC.	0	36,300	Against
Putnam	0	26,200	Against
Northern Trust	0	16,029	Against
Franklin Templeton	0	5,400	Against
Morgan Stanley	0	3,480	Against
DWS	0	3,105	Against
Advisors' Inner Circle Fund III	0	2,700	Against
Goldman Sachs	0	1,988	Against
Lincoln Financial	0	1,623	Against
Pacific Life	0	306	Against
BNY Mellon	0	20	Against

14. Amend the External Guarantee Management System

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

10% fund support · no official result

10%AGAINST 90%

The 21 asset managers below cast 10% of the shares they voted on this item FOR (445,800 for, 3,823,890 against).

FOR: 445,800 (10.4%)AGAINST: 3,823,890 (89.6%)

Largest asset managers voting on “Amend the External Guarantee Management System” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,641,433	Against
Fidelity	0	284,984	Against
T. Rowe Price	278,000	0	For
Dimensional	0	231,167	Against
State Street	0	185,256	Against
MATTHEWS INTERNATIONAL FUNDS	167,800	0	For
TIAA	0	139,763	Against
Aberdeen	0	110,820	Against
Brighthouse	0	95,700	Against
WisdomTree	0	37,300	Against
RBB FUND, INC.	0	36,300	Against
Putnam	0	26,200	Against
Northern Trust	0	16,029	Against
Franklin Templeton	0	5,716	Against
Morgan Stanley	0	3,480	Against
DWS	0	3,105	Against
Advisors' Inner Circle Fund III	0	2,700	Against
Goldman Sachs	0	1,988	Against
Lincoln Financial	0	1,623	Against
Pacific Life	0	306	Against
BNY Mellon	0	20	Against

15. Amend the External Investment Management System

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

10% fund support · no official result

10%AGAINST 90%

The 21 asset managers below cast 10% of the shares they voted on this item FOR (445,800 for, 3,823,890 against).

FOR: 445,800 (10.4%)AGAINST: 3,823,890 (89.6%)

Largest asset managers voting on “Amend the External Investment Management System” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,641,433	Against
Fidelity	0	284,984	Against
T. Rowe Price	278,000	0	For
Dimensional	0	231,167	Against
State Street	0	185,256	Against
MATTHEWS INTERNATIONAL FUNDS	167,800	0	For
TIAA	0	139,763	Against
Aberdeen	0	110,820	Against
Brighthouse	0	95,700	Against
WisdomTree	0	37,300	Against
RBB FUND, INC.	0	36,300	Against
Putnam	0	26,200	Against
Northern Trust	0	16,029	Against
Franklin Templeton	0	5,716	Against
Morgan Stanley	0	3,480	Against
DWS	0	3,105	Against
Advisors' Inner Circle Fund III	0	2,700	Against
Goldman Sachs	0	1,988	Against
Lincoln Financial	0	1,623	Against
Pacific Life	0	306	Against
BNY Mellon	0	20	Against

16. Amend the Independent Director Work System

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

10% fund support · no official result

10%AGAINST 90%

The 21 asset managers below cast 10% of the shares they voted on this item FOR (445,800 for, 3,823,890 against).

FOR: 445,800 (10.4%)AGAINST: 3,823,890 (89.6%)

Largest asset managers voting on “Amend the Independent Director Work System” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,641,433	Against
Fidelity	0	284,984	Against
T. Rowe Price	278,000	0	For
Dimensional	0	231,167	Against
State Street	0	185,256	Against
MATTHEWS INTERNATIONAL FUNDS	167,800	0	For
TIAA	0	139,763	Against
Aberdeen	0	110,820	Against
Brighthouse	0	95,700	Against
WisdomTree	0	37,300	Against
RBB FUND, INC.	0	36,300	Against
Putnam	0	26,200	Against
Northern Trust	0	16,029	Against
Franklin Templeton	0	5,716	Against
Morgan Stanley	0	3,480	Against
DWS	0	3,105	Against
Advisors' Inner Circle Fund III	0	2,700	Against
Goldman Sachs	0	1,988	Against
Lincoln Financial	0	1,623	Against
Pacific Life	0	306	Against
BNY Mellon	0	20	Against

17. Amend the Raised Funds Management System

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

10% fund support · no official result

10%AGAINST 90%

The 21 asset managers below cast 10% of the shares they voted on this item FOR (445,800 for, 3,823,890 against).

FOR: 445,800 (10.4%)AGAINST: 3,823,890 (89.6%)

Largest asset managers voting on “Amend the Raised Funds Management System” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,641,433	Against
Fidelity	0	284,984	Against
T. Rowe Price	278,000	0	For
Dimensional	0	231,167	Against
State Street	0	185,256	Against
MATTHEWS INTERNATIONAL FUNDS	167,800	0	For
TIAA	0	139,763	Against
Aberdeen	0	110,820	Against
Brighthouse	0	95,700	Against
WisdomTree	0	37,300	Against
RBB FUND, INC.	0	36,300	Against
Putnam	0	26,200	Against
Northern Trust	0	16,029	Against
Franklin Templeton	0	5,716	Against
Morgan Stanley	0	3,480	Against
DWS	0	3,105	Against
Advisors' Inner Circle Fund III	0	2,700	Against
Goldman Sachs	0	1,988	Against
Lincoln Financial	0	1,623	Against
Pacific Life	0	306	Against
BNY Mellon	0	20	Against

18. Amend the Related Party Transaction Management System

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

10% fund support · no official result

10%AGAINST 90%

The 21 asset managers below cast 10% of the shares they voted on this item FOR (445,800 for, 3,823,890 against).

FOR: 445,800 (10.4%)AGAINST: 3,823,890 (89.6%)

Largest asset managers voting on “Amend the Related Party Transaction Management System” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,641,433	Against
Fidelity	0	284,984	Against
T. Rowe Price	278,000	0	For
Dimensional	0	231,167	Against
State Street	0	185,256	Against
MATTHEWS INTERNATIONAL FUNDS	167,800	0	For
TIAA	0	139,763	Against
Aberdeen	0	110,820	Against
Brighthouse	0	95,700	Against
WisdomTree	0	37,300	Against
RBB FUND, INC.	0	36,300	Against
Putnam	0	26,200	Against
Northern Trust	0	16,029	Against
Franklin Templeton	0	5,716	Against
Morgan Stanley	0	3,480	Against
DWS	0	3,105	Against
Advisors' Inner Circle Fund III	0	2,700	Against
Goldman Sachs	0	1,988	Against
Lincoln Financial	0	1,623	Against
Pacific Life	0	306	Against
BNY Mellon	0	20	Against

19. Approve Provision of Guarantee

INVESTMENT COMPANY MATTERS

Reported under meeting date 2025-08-25; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (4,269,690 for, 0 against).

FOR: 4,269,690 (100.0%)

Largest asset managers voting on “Approve Provision of Guarantee” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,641,433	For
Fidelity	284,984	For
T. Rowe Price	278,000	For
Dimensional	231,167	For
State Street	185,256	For
MATTHEWS INTERNATIONAL FUNDS	167,800	For
TIAA	139,763	For
Aberdeen	110,820	For
Brighthouse	95,700	For
WisdomTree	37,300	For
RBB FUND, INC.	36,300	For
Putnam	26,200	For
Northern Trust	16,029	For
Franklin Templeton	5,716	For
Morgan Stanley	3,480	For
DWS	3,105	For
Advisors' Inner Circle Fund III	2,700	For
Goldman Sachs	1,988	For
Lincoln Financial	1,623	For
Pacific Life	306	For
BNY Mellon	20	For

20. Approve to Abolish the Board of Supervisors and Amend the Articles of Association

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (4,269,690 for, 0 against).

FOR: 4,269,690 (100.0%)

Largest asset managers voting on “Approve to Abolish the Board of Supervisors and Amend the Articles of Association” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,641,433	For
Fidelity	284,984	For
T. Rowe Price	278,000	For
Dimensional	231,167	For
State Street	185,256	For
MATTHEWS INTERNATIONAL FUNDS	167,800	For
TIAA	139,763	For
Aberdeen	110,820	For
Brighthouse	95,700	For
WisdomTree	37,300	For
RBB FUND, INC.	36,300	For
Putnam	26,200	For
Northern Trust	16,029	For
Franklin Templeton	5,716	For
Morgan Stanley	3,480	For
DWS	3,105	For
Advisors' Inner Circle Fund III	2,700	For
Goldman Sachs	1,988	For
Lincoln Financial	1,623	For
Pacific Life	306	For
BNY Mellon	20	For

21. Approve to Add the Resignation System for Directors and Senior Management Members

CORPORATE GOVERNANCE

Reported under meeting date 2025-08-25; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (4,269,690 for, 0 against).

FOR: 4,269,690 (100.0%)

Largest asset managers voting on “Approve to Add the Resignation System for Directors and Senior Management Members” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,641,433	For
Fidelity	284,984	For
T. Rowe Price	278,000	For
Dimensional	231,167	For
State Street	185,256	For
MATTHEWS INTERNATIONAL FUNDS	167,800	For
TIAA	139,763	For
Aberdeen	110,820	For
Brighthouse	95,700	For
WisdomTree	37,300	For
RBB FUND, INC.	36,300	For
Putnam	26,200	For
Northern Trust	16,029	For
Franklin Templeton	5,716	For
Morgan Stanley	3,480	For
DWS	3,105	For
Advisors' Inner Circle Fund III	2,700	For
Goldman Sachs	1,988	For
Lincoln Financial	1,623	For
Pacific Life	306	For
BNY Mellon	20	For

22. Amend Articles of Association

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

18% fund support · no official result

FOR 18%AGAINST 82%

The 11 asset managers below cast 18% of the shares they voted on this item FOR (749,520 for, 3,511,614 against).

FOR: 749,520 (17.6%)AGAINST: 3,511,614 (82.4%)

Largest asset managers voting on “Amend Articles of Association” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,446,997	Against
Fidelity	748,400	0	For
Aberdeen	0	500,600	Against
Dimensional	0	230,743	Against
State Street	0	146,475	Against
WisdomTree	0	123,700	Against
Advisors' Inner Circle Fund III	0	44,800	Against
Franklin Templeton	0	12,716	Against
Putnam	0	3,098	Against
DWS	0	2,485	Against
BNY Mellon	1,120	0	For

23. Amend Rules and Procedures Regarding General Meetings of Shareholders

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

18% fund support · no official result

FOR 18%AGAINST 82%

The 11 asset managers below cast 18% of the shares they voted on this item FOR (749,520 for, 3,511,614 against).

FOR: 749,520 (17.6%)AGAINST: 3,511,614 (82.4%)

Largest asset managers voting on “Amend Rules and Procedures Regarding General Meetings of Shareholders” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,446,997	Against
Fidelity	748,400	0	For
Aberdeen	0	500,600	Against
Dimensional	0	230,743	Against
State Street	0	146,475	Against
WisdomTree	0	123,700	Against
Advisors' Inner Circle Fund III	0	44,800	Against
Franklin Templeton	0	12,716	Against
Putnam	0	3,098	Against
DWS	0	2,485	Against
BNY Mellon	1,120	0	For

24. Amend Rules and Procedures Regarding Meetings of Board of Directors

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

18% fund support · no official result

FOR 18%AGAINST 82%

The 11 asset managers below cast 18% of the shares they voted on this item FOR (749,520 for, 3,511,614 against).

FOR: 749,520 (17.6%)AGAINST: 3,511,614 (82.4%)

Largest asset managers voting on “Amend Rules and Procedures Regarding Meetings of Board of Directors” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,446,997	Against
Fidelity	748,400	0	For
Aberdeen	0	500,600	Against
Dimensional	0	230,743	Against
State Street	0	146,475	Against
WisdomTree	0	123,700	Against
Advisors' Inner Circle Fund III	0	44,800	Against
Franklin Templeton	0	12,716	Against
Putnam	0	3,098	Against
DWS	0	2,485	Against
BNY Mellon	1,120	0	For

25. Amend Working System for Independent Directors

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

18% fund support · no official result

FOR 18%AGAINST 82%

The 11 asset managers below cast 18% of the shares they voted on this item FOR (749,520 for, 3,511,614 against).

FOR: 749,520 (17.6%)AGAINST: 3,511,614 (82.4%)

Largest asset managers voting on “Amend Working System for Independent Directors” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	0	2,446,997	Against
Fidelity	748,400	0	For
Aberdeen	0	500,600	Against
Dimensional	0	230,743	Against
State Street	0	146,475	Against
WisdomTree	0	123,700	Against
Advisors' Inner Circle Fund III	0	44,800	Against
Franklin Templeton	0	12,716	Against
Putnam	0	3,098	Against
DWS	0	2,485	Against
BNY Mellon	1,120	0	For

26. Approve Annual Report and Summary

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 11 asset managers below cast 100% of the shares they voted on this item FOR (4,261,134 for, 0 against).

FOR: 4,261,134 (100.0%)

Largest asset managers voting on “Approve Annual Report and Summary” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,446,997	For
Fidelity	748,400	For
Aberdeen	500,600	For
Dimensional	230,743	For
State Street	146,475	For
WisdomTree	123,700	For
Advisors' Inner Circle Fund III	44,800	For
Franklin Templeton	12,716	For
Putnam	3,098	For
DWS	2,485	For
BNY Mellon	1,120	For

27. Approve Application of Bank Credit Lines

CAPITAL STRUCTURE

Reported under meeting date 2026-05-22; no official results on file for that date.

97% fund support · no official result

FOR 97%

The 11 asset managers below cast 97% of the shares they voted on this item FOR (4,114,659 for, 146,475 against).

FOR: 4,114,659 (96.6%)AGAINST: 146,475 (3.4%)

Largest asset managers voting on “Approve Application of Bank Credit Lines” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	2,446,997	0	For
Fidelity	748,400	0	For
Aberdeen	500,600	0	For
Dimensional	230,743	0	For
State Street	0	146,475	Against
WisdomTree	123,700	0	For
Advisors' Inner Circle Fund III	44,800	0	For
Franklin Templeton	12,716	0	For
Putnam	3,098	0	For
DWS	2,485	0	For
BNY Mellon	1,120	0	For

28. Approve Authorization of the Board for Interim Profit Distribution

CAPITAL STRUCTURE

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 11 asset managers below cast 100% of the shares they voted on this item FOR (4,261,134 for, 0 against).

FOR: 4,261,134 (100.0%)

Largest asset managers voting on “Approve Authorization of the Board for Interim Profit Distribution” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,446,997	For
Fidelity	748,400	For
Aberdeen	500,600	For
Dimensional	230,743	For
State Street	146,475	For
WisdomTree	123,700	For
Advisors' Inner Circle Fund III	44,800	For
Franklin Templeton	12,716	For
Putnam	3,098	For
DWS	2,485	For
BNY Mellon	1,120	For

29. Approve Formulation of Remuneration Management System for Directors and Senior Management Members

COMPENSATIONCORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 11 asset managers below cast 100% of the shares they voted on this item FOR (4,261,134 for, 0 against).

FOR: 4,261,134 (100.0%)

Largest asset managers voting on “Approve Formulation of Remuneration Management System for Directors and Senior Management Members” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,446,997	For
Fidelity	748,400	For
Aberdeen	500,600	For
Dimensional	230,743	For
State Street	146,475	For
WisdomTree	123,700	For
Advisors' Inner Circle Fund III	44,800	For
Franklin Templeton	12,716	For
Putnam	3,098	For
DWS	2,485	For
BNY Mellon	1,120	For

30. Approve Profit Distribution

CAPITAL STRUCTURE

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 11 asset managers below cast 100% of the shares they voted on this item FOR (4,261,134 for, 0 against).

FOR: 4,261,134 (100.0%)

Largest asset managers voting on “Approve Profit Distribution” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,446,997	For
Fidelity	748,400	For
Aberdeen	500,600	For
Dimensional	230,743	For
State Street	146,475	For
WisdomTree	123,700	For
Advisors' Inner Circle Fund III	44,800	For
Franklin Templeton	12,716	For
Putnam	3,098	For
DWS	2,485	For
BNY Mellon	1,120	For

31. Approve Remuneration of Directors and Senior Management Members

COMPENSATION

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 11 asset managers below cast 100% of the shares they voted on this item FOR (4,261,134 for, 0 against).

FOR: 4,261,134 (100.0%)

Largest asset managers voting on “Approve Remuneration of Directors and Senior Management Members” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,446,997	For
Fidelity	748,400	For
Aberdeen	500,600	For
Dimensional	230,743	For
State Street	146,475	For
WisdomTree	123,700	For
Advisors' Inner Circle Fund III	44,800	For
Franklin Templeton	12,716	For
Putnam	3,098	For
DWS	2,485	For
BNY Mellon	1,120	For

32. Approve Report of the Board of Directors

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 11 asset managers below cast 100% of the shares they voted on this item FOR (4,261,134 for, 0 against).

FOR: 4,261,134 (100.0%)

Largest asset managers voting on “Approve Report of the Board of Directors” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,446,997	For
Fidelity	748,400	For
Aberdeen	500,600	For
Dimensional	230,743	For
State Street	146,475	For
WisdomTree	123,700	For
Advisors' Inner Circle Fund III	44,800	For
Franklin Templeton	12,716	For
Putnam	3,098	For
DWS	2,485	For
BNY Mellon	1,120	For

33. Approve Use of Funds for Entrusted Asset Management

EXTRAORDINARY TRANSACTIONS

Reported under meeting date 2026-05-22; no official results on file for that date.

75% fund support · no official result

FOR 75%AGAINST 25%

The 11 asset managers below cast 75% of the shares they voted on this item FOR (3,196,517 for, 1,064,617 against).

FOR: 3,196,517 (75.0%)AGAINST: 1,064,617 (25.0%)

Largest asset managers voting on “Approve Use of Funds for Entrusted Asset Management” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	2,446,997	0	For
Fidelity	748,400	0	For
Aberdeen	0	500,600	Against
Dimensional	0	230,743	Against
State Street	0	146,475	Against
WisdomTree	0	123,700	Against
Advisors' Inner Circle Fund III	0	44,800	Against
Franklin Templeton	0	12,716	Against
Putnam	0	3,098	Against
DWS	0	2,485	Against
BNY Mellon	1,120	0	For

34. Approve to Appoint Auditor

AUDIT-RELATED

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 11 asset managers below cast 100% of the shares they voted on this item FOR (4,261,134 for, 0 against).

FOR: 4,261,134 (100.0%)

Largest asset managers voting on “Approve to Appoint Auditor” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Vanguard	2,446,997	For
Fidelity	748,400	For
Aberdeen	500,600	For
Dimensional	230,743	For
State Street	146,475	For
WisdomTree	123,700	For
Advisors' Inner Circle Fund III	44,800	For
Franklin Templeton	12,716	For
Putnam	3,098	For
DWS	2,485	For
BNY Mellon	1,120	For

35. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-05-06.

15% fund support · no official result

AGAINST 25%ABSTAIN 71%

The 5 asset managers below cast 15% of the shares they voted on this item FOR (1,536 for, 9,000 against).

FOR: 1,536 (4.2%)AGAINST: 9,000 (24.8%)ABSTAIN: 25,766 (71.0%)

Largest asset managers voting on “14A Executive Compensation” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	25,766	Abstain
WILLIAMSBURG INVESTMENT TRUST	0	9,000	0	Against
ESL Trust Services, LLC	1,500	0	0	For
Moisand Fitzgerald Tamayo, LLC	23	0	0	For
Baker Avenue Asset Management, LP	13	0	0	For

36. Ratify Appointment of Independent Auditors

AUDIT-RELATED

Meeting held 2026-05-06.

Combines 2 wordings of this item as funds reported it.

22% fund support · no official result

FOR 22%AGAINST 78%

The 5 asset managers below cast 22% of the shares they voted on this item FOR (70,768 for, 245,812 against).

FOR: 70,768 (22.4%)AGAINST: 245,812 (77.6%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Cardano Risk Management B.V.	0	245,812	Against
AMERICAN BEACON SELECT FUNDS	60,264	0	For
WILLIAMSBURG INVESTMENT TRUST	9,000	0	For
ESL Trust Services, LLC	1,500	0	For
MARCO INVESTMENT MANAGEMENT LLC	4	0	For

37. ANNUAL REPORT AND ITS SUMMARY

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (2,832,252 for, 0 against).

FOR: 2,832,252 (100.0%)

Largest asset managers voting on “ANNUAL REPORT AND ITS SUMMARY” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Mercer Funds	2,145,248	For
SEI	565,700	For
Charles Schwab	114,676	For
BAILLIE GIFFORD FUNDS	5,680	For
Jackson National	948	For

38. REMUNERATION FOR DIRECTORS AND SENIOR MANAGEMENT

COMPENSATION

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (2,832,252 for, 0 against).

FOR: 2,832,252 (100.0%)

Largest asset managers voting on “REMUNERATION FOR DIRECTORS AND SENIOR MANAGEMENT” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Mercer Funds	2,145,248	For
SEI	565,700	For
Charles Schwab	114,676	For
BAILLIE GIFFORD FUNDS	5,680	For
Jackson National	948	For

39. WORK REPORT OF THE BOARD OF DIRECTORS

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (2,832,252 for, 0 against).

FOR: 2,832,252 (100.0%)

Largest asset managers voting on “WORK REPORT OF THE BOARD OF DIRECTORS” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Vote
Mercer Funds	2,145,248	For
SEI	565,700	For
Charles Schwab	114,676	For
BAILLIE GIFFORD FUNDS	5,680	For
Jackson National	948	For

40. AMENDMENTS TO THE WORK SYSTEM FOR INDEPENDENT DIRECTORS

CORPORATE GOVERNANCE

Reported under meeting date 2026-05-22; no official results on file for that date.

99.9% fund support · no official result

FOR 99.9%

The 5 asset managers below cast 99.9% of the shares they voted on this item FOR (2,831,304 for, 948 against).

FOR: 2,831,304 (100.0%)AGAINST: 948 (0.0%)

Largest asset managers voting on “AMENDMENTS TO THE WORK SYSTEM FOR INDEPENDENT DIRECTORS” at Steel Dynamics, Inc., 2025-2026
Asset manager	For	Against	Vote
Mercer Funds	2,145,248	0	For
SEI	565,700	0	For
Charles Schwab	114,676	0	For
BAILLIE GIFFORD FUNDS	5,680	0	For
Jackson National	0	948	Against

Showing the 40 reported items with the widest manager coverage, of 81 in total. View every item.

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

Ranked by the number of Steel Dynamics, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 144,212,781 shares outstanding at the time of that meeting.

Top Steel Dynamics, Inc. shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	11.94%
2	Fidelity	8.59%
3	BlackRock	7.24%
4	State Street	3.68%
5	T. Rowe Price	2.67%
6	GEODE CAPITAL MANAGEMENT, LLC	2.65%
7	Capital Research Global Investors	2.52%
8	Capital Group	2.45%
9	Invesco	2.41%
10	Victory Capital	2.23%

Reported Steel Dynamics, Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

Steel Dynamics, Inc. beneficial owners on record 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 2026-04-22 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 2026-04-22. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At Steel Dynamics, Inc.'s shareholder meeting held 2026-05-06, in the 2025-2026 proxy season, 780 asset managers reported how they voted in their SEC Form N-PX filings, covering 10,297 separate fund positions. Their filings are grouped here into 81 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. Steel Dynamics, Inc.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS — the reporting funds cast 97% of the shares they voted in favour (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). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Steel Dynamics, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).