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STLD > SEC Filings for STLD > Form 8-K on 19-Dec-2013All Recent SEC Filings

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Change in Directors or Principal Officers, Other Events, Financial Statements

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Bradley S. Seaman has been appointed, as an independent director, to the Board of Directors of Steel Dynamics, Inc., effective December 18, 2013. The appointment fills a vacancy created by the untimely death on October 18, 2013 of board member James A. Trethewey. The appointment is for the balance of Mr. Trethewey's unexpired term of one year, ending in May 2014.

Bradley S. Seaman

Mr. Seaman, age 53, has been employed, since August 1999, by Tricor Pacific Capital, Inc., a private equity firm that makes control investments in lower middle market companies in the United States and Canada. Founded in 1996, Tricor, with offices in Lake Forest, Illinois and Vancouver, British Columbia, has acquired nearly sixty companies in specialty manufacturing, business services and value added distribution. From 1999 through December 2011, Mr. Seaman was Tricor's Managing Director and leader of its U.S. operations, and, since January 2012, has served as its Managing Partner, responsible for leading overall firm operations, strategy, funding and investments.

Prior to joining Tricor, and from 1990 through July 1999, Mr. Seaman was employed by GE Capital Corporation, a division of the General Electric Company, where he held a number of increasingly senior positions in GE's Transportation & Industrial Funding and Commercial Finance units, ultimately being promoted to head GE Capital's transactions origination teams in Ohio, Michigan and Missouri. In 1994, Mr. Seaman was selected to be part of a new group that was established to focus GE Capital's debt and equity products on the emerging private equity market, and, in that capacity, headed GE's offices in New York and Chicago. During this period, Mr. Seaman also led GE's involvement in the original equity and debt financing for Steel Dynamics in June 1994.

Mr. Seaman holds a Bachelor of Science degree in Business Administration (1982) from Bowling Green State University and an MBA (1986) from the University of Dallas. He brings to the Steel Dynamics Board a comprehensive understanding and experience in the debt and equity capital markets, management experience, manufacturing expertise, and both operational and corporate governance experience drawn from his involvement in the management and oversight of Tricor's platform companies. He is expected to serve on Steel Dynamics' Corporate Governance and Nominating Committee and the company's Audit Committee.

Item 8.01. Other Events.

On December 19, 2013, Steel Dynamics, Inc. issued a press release titled "Steel Dynamics Announces Appointment of New Board Member." The full text of the press release is furnished herewith as Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is furnished with this report:

      Exhibit Number                             Description

      99.1             A press release dated December 19, 2013, titled "Steel Dynamics
                       Announces Appointment of New Board Member."

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