United States Steel Corporation (USS), a Delaware-incorporated company listed on the New York and Chicago Stock Exchanges under the trading symbol 'X', filed a Form 8-K with the SEC on April 2, 2024, detailing recent developments related to its planned merger with Nippon Steel North America, Inc. The merger, initially announced on December 18, 2023, will result in USS becoming a wholly owned subsidiary of Nippon Steel North America, Inc. USS filed a preliminary proxy statement on January 24, 2024, followed by a revised version on February 26, 2024, and a definitive proxy statement on March 12, 2024, in preparation for a special meeting of stockholders scheduled for April 12, 2024. The company has received eleven demand letters from putative stockholders claiming deficiencies in the proxy statements and demanding corrective disclosures...Show More

United States Steel Corporation (USS), a Delaware-incorporated company listed on the New York and Chicago Stock Exchanges under the trading symbol 'X', filed a Form 8-K with the SEC on April 2, 2024, detailing recent developments related to its planned merger with Nippon Steel North America, Inc. The merger, initially announced on December 18, 2023, will result in USS becoming a wholly owned subsidiary of Nippon Steel North America, Inc. USS filed a preliminary proxy statement on January 24, 2024, followed by a revised version on February 26, 2024, and a definitive proxy statement on March 12, 2024, in preparation for a special meeting of stockholders scheduled for April 12, 2024. The company has received eleven demand letters from putative stockholders claiming deficiencies in the proxy statements and demanding corrective disclosures. USS, while believing the claims to be without merit and that the proxy statements fully comply with applicable laws, has decided to voluntarily amend and supplement the definitive proxy statement to avoid potential litigation risks and delays to the merger. These supplemental disclosures do not alter the merger's terms or the special meeting's timing. The USS Board continues to recommend stockholders vote in favor of the merger agreement. The information in this report supersedes any conflicting information in the definitive proxy statement.