UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 8-K

 


CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 6, 2007

 


NUCOR CORPORATION

(Exact name of registrant as specified in its charter)

 


Delaware

(State or other jurisdiction of incorporation)

 

1-4119   13-1860817
(Commission File Number)   (IRS Employer Identification No.)

 

1915 Rexford Road, Charlotte, North Carolina   28211
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (704) 366-7000

N/A

(Former name or former address, if changed since last report.)

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 8.01 Other Events

On September 6, 2007, Nucor Corporation announced that its board of directors had authorized the repurchase of up to an additional 30.0 million shares of its common stock, effective immediately. Since 2005, Nucor has repurchased approximately 37.0 million shares at a cost of $1.6 billion, including the repurchase of 11.6 million shares to date in the third quarter of 2007 at a cost of $599.8 million, completing the previous repurchase authorization. Share repurchases will be made from time to time either in the open market or through private transactions, in accordance with Securities and Exchange Commission requirements. As of August 25, 2007, Nucor had 287.9 million shares outstanding. A copy of the news release the Company issued announcing this authorization is attached hereto as Exhibit 99.1.

The information contained in this Current Report on Form 8-K, including the exhibit attached hereto, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, the information contained in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

 

Item 9.01 Financial Statements and Exhibits

 

  (c) Exhibits

 

  99.1 News Release of Nucor Corporation, issued September 6, 2007

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NUCOR CORPORATION

By:  

/s/ Terry S. Lisenby

  Terry S. Lisenby
  Chief Financial Officer, Treasurer and Executive Vice President

Dated: September 6, 2007

 

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INDEX TO EXHIBITS

 

Exhibit No.  

Description

99.1   News Release of Nucor Corporation, issued September 6, 2007

 

4

News Release

Exhibit 99.1

 

LOGO   News Release

NUCOR ANNOUNCES

ADDITIONAL SHARE REPURCHASE PROGRAM AND

ONE-HUNDRED THIRTY-EIGHTH (138TH)

CONSECUTIVE CASH DIVIDEND

CHARLOTTE, NORTH CAROLINA, September 6, 2007—The Board of Directors of Nucor Corporation (NYSE: NUE) has unanimously approved the repurchase of up to an additional 30 million shares of the company’s common stock. Since 2005, Nucor has repurchased approximately 37.0 million shares at a cost of $1.6 billion, including the repurchase of 11.6 million shares to date in the third quarter of 2007 at a cost of $599.8 million, completing the previous repurchase authorization. Combined with the cash dividends paid, including supplemental dividends, Nucor has returned approximately $3.0 billion of capital to its stockholders since the beginning of 2005. Share repurchases will be made from time to time either in the open market or through private transactions, in accordance with Securities and Exchange Commission requirements. As of August 25, 2007, Nucor had 287.9 million shares outstanding.

In a separate action, Nucor’s Board of Directors declared the regular quarterly cash dividend of eleven cents ($0.11) per share on Nucor’s common stock. In addition to the eleven cents per share base dividend amount, Nucor’s Board approved the payment of a supplemental dividend of fifty cents ($0.50) per share, for a total dividend of sixty-one cents ($0.61) per share. This cash dividend is payable on November 9, 2007 to stockholders of record on September 28, 2007, and is Nucor’s one-hundred thirty-eighth consecutive quarterly cash dividend.

The supplemental dividend of fifty cents ($0.50) per share represents a portion of a total supplemental dividend estimated to be two dollars ($2.00) per share that Nucor’s Board expects to declare over the year ending December 31, 2007. This supplemental dividend amount is based primarily on Nucor’s results for the year ended December 31, 2006. The payment of supplemental dividends in any future period will depend upon many factors, including Nucor’s earnings, cash flows and financial position.

Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel – in bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Nucor is North America’s largest recycler.

Nucor Executive Offices:    1915 Rexford Road, Charlotte, North Carolina    28211

Phone 704-366-7000    Fax 704-362-4208    www.nucor.com