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0000764065false00007640652023-05-172023-05-17

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): May 17, 2023
 
CLEVELAND-CLIFFS INC.
(Exact name of registrant as specified in its charter)
Ohio 1-8944 34-1464672
(State or Other Jurisdiction of Incorporation or Organization) (Commission File Number) (IRS Employer Identification No.)
200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (216) 694-5700
Not Applicable
(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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered:
Common Shares, par value $0.125 per share CLF New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.07. Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Shareholders (the "Annual Meeting") of Cleveland-Cliffs Inc. (the "Company") was held on May 17, 2023. The final voting results for the proposals submitted for a vote of shareholders at the Annual Meeting are set forth below.
As of March 20, 2023, the record date for the Annual Meeting, there were 515,051,263 common shares of the Company entitled to vote at the Annual Meeting. Each such share was entitled to one vote. There were present at the Annual Meeting, in person or by proxy, holders of 405,491,050 common shares representing more than a majority of the voting power and constituting a quorum.
At the Annual Meeting, the shareholders voted on the following items:
Proposal No. 1: Election of Directors
All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2024 annual meeting of shareholders:
NOMINEES FOR WITHHELD BROKER
NON-VOTES
Lourenco Goncalves 302,850,977 12,713,153 89,926,920
Douglas C. Taylor 306,094,685 9,469,445 89,926,920
John T. Baldwin 305,997,739 9,566,391 89,926,920
Robert P. Fisher, Jr. 308,263,228 7,300,902 89,926,920
William K. Gerber 310,131,023 5,433,107 89,926,920
Susan M. Green 304,955,514 10,608,616 89,926,920
Ralph S. Michael, III 300,913,839 14,650,291 89,926,920
Janet L. Miller 308,254,708 7,309,422 89,926,920
Gabriel Stoliar 310,085,729 5,478,401 89,926,920
Arlene M. Yocum 310,067,065 5,497,065 89,926,920
Proposal No. 2: Approval, on an Advisory Basis, of our Named Executive Officers' Compensation
This proposal received an affirmative vote of 92.6%, which is significantly more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote. The voting results were as follows:
FOR 290,899,124 
AGAINST 23,225,683 
ABSTAIN 1,439,323 
BROKER NON-VOTES 89,926,920 
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Proposal No. 3: Approval, on an Advisory Basis, of the Frequency of Future Shareholder Votes on our Named Executive Officers' Compensation
This proposal received the greatest number of votes for EVERY YEAR for the frequency of future advisory votes on our named executive officers' compensation. The voting results were as follows:
1 YEAR 299,538,308 
2 YEARS 1,488,403 
3 YEARS 12,659,968 
ABSTAIN 1,877,451 
BROKER NON-VOTES 89,926,920 
Proposal No. 4: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2023
This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote. The voting results were as follows:
FOR 400,531,199 
AGAINST 3,327,741 
ABSTAIN 1,632,110 
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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.
CLEVELAND-CLIFFS INC.
Date: May 19, 2023 By: /s/ James D. Graham
Name: James D. Graham
Title: Executive Vice President, Human Resources, Chief Legal and Administrative Officer & Secretary
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