U.S. Steel Emphasizes Strong History and Dedication to Shareholder Returns
United States Steel Corporation, commonly referred to as U.S. Steel, has recently highlighted the exceptional value that the company’s Board of Directors has consistently delivered for its stockholders. In a letter addressed to stockholders and a definitive proxy statement filed with the Securities and Exchange Commission (SEC) for the upcoming 2025 Annual Meeting of Stockholders, the company emphasized the Board’s unwavering commitment to maximizing shareholder value.
The Board’s achievements include the successful transformation of U.S. Steel from a traditional business model to a modern, innovative steelmaker. This transformation involved strategic investments in electric arc furnaces, streamlining the legacy footprint, and divestiture of non-core assets. These efforts led to superior financial performance and returns for stockholders, outperforming industry peers. Furthermore, the Board conducted a thorough strategic review process that culminated in a value-maximizing transaction with Nippon Steel Corp., a key player in the global steel industry.
In contrast to the Board’s strategic direction, Ancora Holdings Group has initiated a proxy contest aimed at seizing control of U.S. Steel. Ancora’s proposal includes replacing the CEO and the Board with a slate of unqualified nominees. The Board has raised concerns about Ancora’s questionable “plan” for U.S. Steel, indicating that it limits options for value maximization and may not align with the best interests of all stockholders and stakeholders.
To safeguard the interests of stockholders and ensure continued value creation, U.S. Steel urges its shareholders to vote “FOR” all 10 highly qualified director nominees on the WHITE proxy card. The Board of Directors unanimously recommends this course of action and advises stockholders to discard any gold proxy cards received from Ancora. The upcoming 2025 Annual Meeting on May 6, 2025, will provide an opportunity for stockholders to exercise their voting rights.
For additional resources and information on U.S. Steel’s commitment to driving shareholder value, the company has launched VoteforUSSFuture.com. This platform offers insights into the company’s history and future trajectory, along with detailed instructions on how to vote at the Annual Meeting. By supporting U.S. Steel’s Board of Directors and their strategic initiatives, stockholders can contribute to the company’s continued success and value creation for all stakeholders.
