8-K
NUCOR CORP false 0000073309 0000073309 2025-12-02 2025-12-02
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): December 2, 2025

 

 

NUCOR CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-4119   13-1860817

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1915 Rexford Road,

Charlotte, North Carolina

    28211
(Address of Principal Executive Offices)     (Zip Code)

Registrant’s Telephone Number, Including Area Code: (704) 366-7000

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(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.40 per share   NUE   New York Stock Exchange

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.

(b), (c) and (e) On December 2, 2025, David A. Sumoski, Chief Operating Officer of Nucor Corporation (the “Company”), notified the Company’s Board of Directors that he will be retiring from the Company. On January 1, 2026, Mr. Sumoski will step down from his position as Chief Operating Officer, and continue with the Company as an Executive Vice President until his retirement on June 13, 2026. Mr. Sumoski, age 59, joined the Company in 1995 and has been Chief Operating Officer since 2021. Mr. Sumoski’s decision to retire is voluntary and in accordance with the Company’s succession planning.

Additionally, on December 2, 2025, the Company’s Board of Directors appointed Stephen D. Laxton, the Company’s Chief Financial Officer and Executive Vice President, as President and Chief Operating Officer of the Company, effective January 1, 2026, with Leon J. Topalian continuing to serve as Chair of the Board of Directors and Chief Executive Officer (principal executive officer) of the Company after that time. Mr. Laxton will remain Chief Financial Officer (principal financial officer) of the Company until his successor is appointed by the Company. Mr. Laxton, age 54, began his career with the Company in 2003 as General Manager of Business Development and has served as Chief Financial Officer and Executive Vice President since 2022. Mr. Topalian, age 57, has served as Chair of the Board of Directors of the Company since 2022 and President and Chief Executive Officer of the Company since 2020.

In connection with Mr. Laxton’s appointment, effective January 1, 2026, his annual base salary will be increased to $1,000,000. Additionally, he will continue to participate in: (a) the Nucor Corporation Senior Officers Annual Incentive Plan; (b) the Nucor Corporation Senior Officers Long-Term Incentive Plan (with the awards under such plan for the performance periods in progress as of the effective date of his promotion to be pro-rated to take into account the increase in his annual base salary); and (c) the Nucor Corporation Supplemental Retirement Plan for Executive Officers. He also will continue to be eligible to receive equity-based awards under the Nucor Corporation 2025 Omnibus Incentive Compensation Plan.

There are no arrangements or understandings between Mr. Laxton and any other persons pursuant to which he was selected as an officer. Mr. Laxton has no family relationships with any of the Company’s directors or executive officers. There are no transactions involving the Company and Mr. Laxton that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.

A copy of the news release announcing the events described above is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

 

99.1    News Release of Nucor Corporation dated December 4, 2025.
104    Cover Page from this Current Report on Form 8-K, formatted in Inline XBRL.


SIGNATURES

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 hereunto duly authorized.

 

    NUCOR CORPORATION
Date: December 4, 2025     By:  

/s/ Stephen D. Laxton

      Stephen D. Laxton
      Chief Financial Officer and Executive Vice President

Exhibit 99.1

 

News Release    LOGO

Nucor Announces Promotion of Steve Laxton

to President and Chief Operating Officer;

Dave Sumoski to Retire

CHARLOTTE, N.C., December 4, 2025 – Nucor Corporation (NYSE: NUE) announced today that Stephen D. Laxton, Chief Financial Officer and Executive Vice President, has been promoted to the role of President and Chief Operating Officer effective January 1, 2026. David A. Sumoski, who has served as COO since 2021, will retire effective June 13, 2026, after more than thirty years of service.

Mr. Laxton began his career with Nucor in 2003 as General Manager of Business Development and was promoted to Vice President in 2014. He has served as Nucor’s CFO and Executive Vice President since 2022. The Company will conduct a search for a new Chief Financial Officer, and Mr. Laxton will continue to serve in the role until a new CFO is appointed.

“Over the past 22 years, Steve has demonstrated exceptional leadership and strategic vision and has been instrumental to Nucor’s success. Steve’s new role as President and COO will give him an opportunity to have an even greater impact, and I look forward to working with him in this next chapter of his leadership,” said Leon Topalian, Nucor’s Chair and Chief Executive Officer. “Dave’s retirement and Steve’s promotion reflect our ongoing succession planning process that has been a strategic priority throughout Nucor for many years.”

Mr. Sumoski will transition from his current responsibilities on January 1, 2026. Until his retirement, Mr. Sumoski will continue as an Executive Vice President and advisor to Mr. Topalian and will work closely with Mr. Laxton to ensure a seamless transition.

Mr. Sumoski joined Nucor in 1995 as an electrical supervisor at Nucor Steel Berkeley, later serving as Maintenance Manager. He served as Vice President and General Manager of Nucor Steel Marion, Inc. and Nucor Steel Memphis, Inc. before being named Executive Vice President in 2014. He has served as COO since 2021.

Mr. Topalian commented, “Dave has had an indelible impact on Nucor, and we are deeply appreciative of his leadership over the past 30 years. His tenure has been defined by his deep operational knowledge, strategic thinking and passion for steelmaking. He has played a pivotal role in driving our safety culture and operational excellence across the enterprise. On behalf of all teammates, I wish Dave, his wife Jennifer and their family a long and happy retirement.”

About Nucor

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold

Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com


News Release    LOGO

Nucor Announces Promotion of Steve Laxton

to President and Chief Operating Officer;

Dave Sumoski to Retire

(Continued)

 

finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.

Contact Information

For Investor/Analyst Inquiries –

Chris Jacobi, [email protected], or Paul Donnelly, [email protected]

For Media Inquiries –

Katherine Miller, [email protected]

 

 

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Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211

Phone 704-366-7000 Fax 704-362-4208 www.nucor.com