UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event
reported) November 24, 2021 (
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 18, 2021, the Board of Directors of Steel Dynamics, Inc. appointed Luis M. Sierra, age 58, as a new director.
From July 2020 through present, Mr. Sierra serves as the President and Chief Executive Officer of NOVA Chemicals Corporation (“NOVA”), with annual 2020 revenues of $3.2 billion and 2,400 worldwide team members. NOVA is a Canadian-based privately held company with operations in Canada and the United States, producing ethylene, polyethylene, and other chemical co-products. Prior to this time, Mr. Sierra had an over 30-year career with BP, holding various leadership positions, including most recently from 2013 to 2016 as the President of BP Aromatics, Americas, Europe and Middle East, and from 2016 to 2020 as the Chief Executive Officer of BP Global Aromatics, a $5 billion global chemicals business.
Among numerous strong leadership characteristics, Mr. Sierra brings a strong background in industrial and international operations, commercial and organizational strategy, and financial acumen to the Steel Dynamics Board. Mr. Sierra also has worked extensively outside of the United States and is bilingual, speaking Spanish. He holds a Bachelor’s degree in Mechanical Engineering from the University of Florida, a Master’s degree in Mechanical Engineering from Georgia Institute of Technology, and an M.B.A in Business Administration from the University of Chicago. He does not sit on any other public company boards.
Mr. Sierra will serve as a member of the Steel Dynamics Compensation Committee.
Item 8.01. Other Events.
On November 24, 2021, Steel Dynamics, Inc. issued a press release titled “Steel Dynamics Announces Appointment of New Board Member.” 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 November 24, 2021, titled “Steel Dynamics Announces Appointment of New Board Member.” | ||
| 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: November 24, 2021 | By: | Theresa E. Wagler |
| Title: | Executive Vice President and Chief Financial Officer |