Summary by Moomoo AI
On April 12, 2024, United States Steel Corporation (USS) held a special meeting of stockholders to vote on proposals related to a merger with Nippon Steel North America, Inc. The meeting followed a definitive proxy statement filed on March 12, 2024, and supplemented on April 2, 2024. The merger agreement proposes that Merger Subsidiary, Inc., a wholly owned subsidiary of Nippon Steel North America, will merge with USS, with USS continuing as the surviving corporation. At the special meeting, 72.93% of outstanding USS common stock was represented, and the proposal to adopt the merger agreement was approved by stockholders. However, the proposal regarding executive compensation related to the merger did not receive approval. An adjournment proposal was approved but unnecessary due to the adoption of the merger agreement. The final voting results were disclosed for each proposal.