April 8, 2013
March 12, 2013
Office of Chief Counsel
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
# 1 Nucor Corporation (NUE)
Preliminary Proxy Deficiency
Fraudulent Proposal
Ladies and Gentlemen:
The attached text from the March 8, 2013 preliminary proxy (emphasis added) shows that the board of directors is essentially introducing advisory proposals under proposals 4 and 5.
These proposals require 80% and 70% respectively of the voting power of the company. The company has made no disclosure that its commitment to these proposals is great enough to do a special solicitation. And the company cannot even get a 70%-vote for executive pay (exhibit attached). The handwriting is on the wall.
This is to request that the Staff require the company to refrain from publishing its fraudulent advisory proposals.
Sincerely,
John Chevedden
cc: William Steiner
A. Rae Eagle [email address redacted]