Steel Dynamics Management
Management criteria checks 4/4
Steel Dynamics' CEO is Mark Millett, appointed in Jan 1993, has a tenure of 31.92 years. total yearly compensation is $11.82M, comprised of 12.6% salary and 87.4% bonuses, including company stock and options. directly owns 1.91% of the company’s shares, worth $344.37M. The average tenure of the management team and the board of directors is 8.8 years and 11 years respectively.
Key information
Mark Millett
Chief executive officer
US$11.8m
Total compensation
| CEO salary percentage | 12.6% |
| CEO tenure | 31.9yrs |
| CEO ownership | 1.9% |
| Management average tenure | 8.8yrs |
| Board average tenure | 11yrs |
Recent management updates
Recent updates
Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
Dec 18
Benign Growth For Steel Dynamics, Inc. (NASDAQ:STLD) Underpins Its Share Price
Nov 07Shareholders Are Optimistic That Steel Dynamics (NASDAQ:STLD) Will Multiply In Value
Oct 04Steel Dynamics (NASDAQ:STLD) Seems To Use Debt Quite Sensibly
Sep 16Steel Dynamics, Inc. (NASDAQ:STLD) Looks Inexpensive But Perhaps Not Attractive Enough
Aug 06Capital Investments At Steel Dynamics (NASDAQ:STLD) Point To A Promising Future
Jun 30Steel Dynamics, Inc. (NASDAQ:STLD) Shares Could Be 49% Below Their Intrinsic Value Estimate
Jun 14Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
May 14Steel Dynamics (NASDAQ:STLD) Has Announced That It Will Be Increasing Its Dividend To $0.46
Mar 15Are Steel Dynamics, Inc. (NASDAQ:STLD) Investors Paying Above The Intrinsic Value?
Mar 08Lacklustre Performance Is Driving Steel Dynamics, Inc.'s (NASDAQ:STLD) Low P/E
Feb 09Steel Dynamics: The Aluminum Business May Be Tougher Than The Steel One
Jan 26Capital Investments At Steel Dynamics (NASDAQ:STLD) Point To A Promising Future
Jan 08Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
Dec 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$2b |
| Jun 30 2024 | n/a | n/a | US$2b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$12m | US$1m | US$2b |
| Sep 30 2023 | n/a | n/a | US$3b |
| Jun 30 2023 | n/a | n/a | US$3b |
| Mar 31 2023 | n/a | n/a | US$3b |
| Dec 31 2022 | US$11m | US$1m | US$4b |
| Sep 30 2022 | n/a | n/a | US$4b |
| Jun 30 2022 | n/a | n/a | US$4b |
| Mar 31 2022 | n/a | n/a | US$4b |
| Dec 31 2021 | US$11m | US$1m | US$3b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$1b |
| Mar 31 2021 | n/a | n/a | US$794m |
| Dec 31 2020 | US$11m | US$1m | US$551m |
| Sep 30 2020 | n/a | n/a | US$484m |
| Jun 30 2020 | n/a | n/a | US$535m |
| Mar 31 2020 | n/a | n/a | US$654m |
| Dec 31 2019 | US$11m | US$1m | US$671m |
| Sep 30 2019 | n/a | n/a | US$820m |
| Jun 30 2019 | n/a | n/a | US$1b |
| Mar 31 2019 | n/a | n/a | US$1b |
| Dec 31 2018 | US$10m | US$1m | US$1b |
| Sep 30 2018 | n/a | n/a | US$1b |
| Jun 30 2018 | n/a | n/a | US$1b |
| Mar 31 2018 | n/a | n/a | US$839m |
| Dec 31 2017 | US$9m | US$1m | US$813m |
Compensation vs Market: Mark's total compensation ($USD11.82M) is about average for companies of similar size in the US market ($USD12.67M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Millett (64 yo)
31.9yrs
Tenure
US$11,823,662
Compensation
Mr. Mark D. Millett is a Co-founder of Steel Dynamics, Inc. since 1993 and has been its Chief Executive Officer since January 01, 2012 and also serves as its Chairman of the Board since May 24, 2021 and wa...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 31.9yrs | US$11.82m | 1.91% $ 344.4m | |
| President & COO | 1.8yrs | US$6.34m | 0.12% $ 21.4m | |
| Co-Founder & Director | 31.9yrs | US$295.05k | 3.38% $ 610.0m | |
| Executive VP | 17.6yrs | US$5.91m | 0.30% $ 54.4m | |
| Senior Vice President of Special Projects | 8.8yrs | US$4.44m | 0.081% $ 14.6m | |
| Senior Vice President of Flat Roll Steel Group | 8.8yrs | US$4.31m | 0.040% $ 7.2m | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Long Products Steel Group | 2.8yrs | no data | 0.058% $ 10.5m | |
| Vice President of Environmental Sustainability | no data | no data | no data | |
| Senior Vice President of Metals Recycling | 5.8yrs | no data | 0.059% $ 10.6m | |
| Senior VP & Treasurer | 16.3yrs | no data | 0.014% $ 2.5m | |
| Vice President of Steel Fabrication Group | no data | no data | 0.011% $ 1.9m |
8.8yrs
Average Tenure
58yo
Average Age
Experienced Management: STLD's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 31.9yrs | US$11.82m | 1.91% $ 344.4m | |
| Co-Founder & Director | 31.9yrs | US$295.05k | 3.38% $ 610.0m | |
| Independent Director | 12.3yrs | US$320.05k | 0.038% $ 6.8m | |
| Independent Director | 11yrs | US$315.05k | 0.032% $ 5.7m | |
| Independent Director | 6.2yrs | US$295.05k | 0.015% $ 2.8m | |
| Independent Director | 15.3yrs | US$295.05k | 0.053% $ 9.6m | |
| Lead Independent Director | 8.6yrs | US$335.05k | 0.023% $ 4.1m | |
| Independent Director | 3.1yrs | US$295.05k | 0.0057% $ 1.0m | |
| Independent Director | 1.3yrs | US$82.55k | 0% $ 0 |
11.0yrs
Average Tenure
64yo
Average Age
Experienced Board: STLD's board of directors are seasoned and experienced ( 11 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 05:04 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Steel Dynamics, Inc. is covered by 41 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| David Gagliano | Barclays |
| Katja Jancic | BMO Capital Markets Equity Research |