On March 25, 2026, Steel Dynamics, Inc. (NASDAQ: STLD) disclosed in its Form 8-K filing that two members of its Board of Directors, Richard P. Teets, Jr. and Gabriel L. Shaheen, have decided to retire from their positions at the end of their current term and will not seek re-election at the upcoming 2026 Annual Meeting. This decision will reduce the size of the Board from nine to seven members. The company emphasized that their departures were not due to any disagreements regarding the company's operations or policies. In a press release dated March 27, 2026, Steel Dynamics expressed gratitude for the exemplary service provided by both Teets and Shaheen during their tenure. Teets, a co-founder of the company, has been instrumental in its growth and success, while Shaheen has contributed significantly with his financial expertise. The company is expected to continue its strategic direction and operational execution without disruption as it prepares for the upcoming annual meeting.

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