The steelmaker announced that its annual meeting will be held on May 6, 2025.
SEATTLE (Scrap Monster): In a letter, United States Steel Corporation (U.S. Steel), a Pittsburgh-based business, emphasized its track record of success and dedication to providing exceptional value to its investors. The letter relates to its final proxy statement that was submitted to the Securities and Exchange Commission (SEC) last Friday.
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Through a number of important strategic steps, such as the transition to electric arc furnaces and the sale of non-core assets, the company's Board and management team have turned it into a modern, inventive producer, according to the letter. It pointed out that the deal with Nippon Steel, which was suggested after weighing all feasible possibilities, would have given the business and the nation's steel industry a bright future.
Ancora Holdings Group is attempting to take over U.S. Steel through a proxy fight, U.S. Steel said, by replacing the company's CEO and board with a group of unfit, inferior candidates. Ancora is not acting in the best interests of U.S. Steel investors, according to the letter. It suggested that the stockholders throw away any gold proxy cards from Ancora and vote for the company's highly qualified director nominees using the white proxy card.
The steelmaker declared that May 6, 2025, will be the date of its annual meeting.
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