Nucor shareholders approve executive pay, reject majority vote standard

05/08/2014 10:35 AM

05/08/2014 10:37 AM

Nucor shareholders approved the Charlotte-based steel maker’s slate of directors and its top executives’ compensation, the company said at its annual stockholder meeting in Charlotte Thursday.

Shareholders defeated a proposal submitted by the United Brotherhood of Carpenters Pension Fund that would have required directors be elected by a majority of votes cast at the annual meeting. Currently, a director can be elected with as little as one vote, even if a majority casts “withhold” votes against the nominee, the union argued.

Editor's Choice Videos

Join the Discussion

Charlotte Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service