STEEL DYNAMICS INC

The proposal requests an annual report disclosing Steel Dynamics’ policies and procedures for corporate electoral spending and a detailed listing of all monetary and non-monetary contributions and expenditures (direct and indirect) made to influence elections, including recipient identities and amounts, with the report to be presented to the board and posted on the company website. The request explicitly excludes lobbying spending but seeks transparency around contributions to candidates, parties, trade associations, PACs, and social welfare organizations that may engage in electoral activity. Proponents argue such disclosures reduce reputational and governance risk and enable shareholders and the board to assess alignment between political expenditures and company policies. The company’s proxy includes a board response noting existing limited disclosures, legal compliance, and that political spending is de minimis for Steel Dynamics.