Keith E. Busse is a co-founder and former CEO of Steel Dynamics, Inc., a major player in the steel industry since 1993. He holds a bachelor’s degree in Business Administration from the University of Michigan and has been recognized as...

Current Market Cap

$22.04B

Number of Employees

12.6K

Total Compensation

2007 - 2011

Trending up by 92.79% last year
Showing total compensation for the last 2007 - 2011

Stock

Up by 426.19% last year

Salary

Up by 4.00% last year

Bonus

Down by -100.00% last year

Other

Up by 3194.62% last year

Year

2011

Total Compensation

$6.11M

Salary

$1.04M

Board Justification

The compensation philosophy emphasizes a highly-leveraged annual incentive compensation plan that is dependent on profitability, aligning executive compensation with company performance and stockholder value.

Bonus

$0.00

Board Justification

No bonus was awarded in 2011; however, a retirement bonus was paid in recognition of his role as the Company's founder and CEO.

Other

$2.03M

Board Justification

Includes perquisites and other personal reimbursements, tax reimbursements, insurance premiums, and Company matching and profit sharing contributions to the Company's Profit Sharing and Retirement Savings Plan, including a cash payment in the amount of $2.0 million in connection with his retirement at the end of 2011.

Restricted Stock

$3.04M(3.04M restricted stock)

Board Justification

This amount reflects the grant date fair value of the restricted stock award granted under the 2008 Plan as part of the Company's annual incentive compensation for its senior executive officers, as well as an unrestricted stock award with a grant date fair value of $1.0 million and a restricted stock award with a grant date fair value of $1.0 million, the latter of which is subject to a three-year holding period requirement, which were granted to him in connection with his retirement at the end of 2011.

Performance Metrics

The performance metrics for determining the compensation include pre-tax net income and return on assets.

SEC Filing

From March 30, 2012

Keith E. Busse

Founder and Ex-CEO of Steel Dynamics

KE

Education

Bachelor's degree in Business Administration from the University of Michigan

Field of Expertise

Business & Management

Born

September 19, 1951 - 73 years ago

Is Founder?

Yes

Tenure

18 years 11 months (Jan 1993 - Dec 2011)

Previous Experience

Co-founder of Steel Dynamics, Inc.

View Holdings

Insider Holdings of Keith E. Busse

STLD

$99.40M

$16.83M (20.38%)

Last Insider Trade

STLD

7 shares

STLD

Apr 14, 2023

Received