Nucor stockholders elect 8 directors, vote down lobbying proposal

Nucor stockholders on Thursday elected the company’s slate of eight directors, ratified its auditor and rejected a shareholder proposal requiring the company to produce semi-annual reports on lobbying expenses.

The Charlotte-based steel maker’s annual stockholder meeting, held in SouthPark, was the last as a director for Peter Browning, 73, who has reached the company’s mandatory retirement age. Browning had served on the board since 1999.

At the meeting, CEO John Ferriola said the company is working with members of Congress to combat what it says are illegal steel imports that are depressing returns for shareholders.

“Nucor is attacking this challenge head on,” Ferriola said during the 41-minute meeting. “We are fighting back.”

Nucor is one of seven Fortune 500 companies in the Charlotte area.

This story was originally published May 14, 2015 at 10:45 AM with the headline "Nucor stockholders elect 8 directors, vote down lobbying proposal."