CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
ANCORA CATALYST INSTITUTIONAL, LP (“ANCORA CATALYST INSTITUTIONAL”), TOGETHER WITH THE OTHER PARTICIPANTS NAMED HEREIN, HAS FILED A PRELIMINARY PROXY STATEMENT AND ACCOMPANYING GOLD UNIVERSAL PROXY CARD WITH THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) TO BE USED TO SOLICIT VOTES FOR THE ELECTION OF ANCORA CATALYST INSTITUTIONAL’S SLATE OF HIGHLY-QUALIFIED DIRECTOR NOMINEES AT THE 2025 ANNUAL MEETING OF STOCKHOLDERS OF UNITED STATES STEEL CORPORATION, A DELAWARE CORPORATION (THE “COMPANY”).
ANCORA CATALYST INSTITUTIONALSTRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING A PROXY CARD, AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEBSITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.
THE PARTICIPANTS IN THE ANTICIPATED PROXY SOLICITATION ARE EXPECTED TO BE ANCORA CATALYST INSTITUTIONAL, ANCORA BELLATOR FUND, LP (“ANCORA BELLATOR”), ANCORA CATALYST, LP (“ANCORA CATALYST”), ANCORA MERLIN INSTITUTIONAL, LP(“ANCORA MERLIN INSTITUTIONAL”), ANCORA MERLIN, LP (“ANCORA MERLIN”), ANCORA IMPACT FUND LP SERIES CC (“ANCORA IMPACT CC”), ANCORA IMPACT FUND LP SERIES DD (“ANCORA IMPACT DD”), ANCORA ALTERNATIVES LLC, (“ANCORAALTERNATIVES”), ANCORA HOLDINGS GROUP, LLC (“ANCORA HOLDINGS”), FREDRICK D. DISANTO, JAMIE BOYCHUK, ROBERT P. FISHER, JR., DR. JAMES K. HAYES, ALAN KESTENBAUM, ROGER K. NEWPORT, SHELLEY Y. SIMMS, PETER T. THOMAS, AND DAVID J. URBAN.
AS OF THE DATE HEREOF, ANCORA CATALYST INSTITUTIONAL DIRECTLY BENEFICIALLY OWNS 440,932 SHARES OF COMMON STOCK, PAR VALUE $1.00 PER SHARE (THE “COMMON STOCK”), OF THE COMPANY,100 SHARES OF WHICH ARE HELD IN RECORD NAME. AS OF THE DATE HEREOF, ANCORA BELLATOR DIRECTLY BENEFICIALLY OWNS 239,599 SHARES OF COMMON STOCK. AS OF THE DATE HEREOF, ANCORA CATALYST DIRECTLY BENEFICIALLY OWNS 47,919 SHARES OF COMMON STOCK. AS OF THE DATE HEREOF, ANCORA MERLIN INSTITUTIONAL DIRECTLY BENEFICIALLY OWNS 444,898 SHARES OF COMMON STOCK. AS OF THE DATE HEREOF, ANCORA MERLIN DIRECTLY BENEFICIALLY OWNS 45,415 SHARES OF COMMON STOCK. AS OF THE DATE HEREOF, ANCORA IMPACT CC DIRECTLY BENEFICIALLY OWNS 518,909 SHARES OF COMMON STOCK. AS OF THE DATE HEREOF, ANCORA IMPACT DD DIRECTLY BENEFICIALLY OWNS 286,169 SHARES OF COMMON STOCK.
AS OF THE DATE HEREOF, MR. DISANTO DIRECTLY BENEFICIALLY OWNS 10,000 SHARES OF COMMON STOCK. AS OF THE DATE HEREOF, MR. KESTENBAUM DIRECTLY BENEFICIALLY OWNS 500,000 SHARES OF COMMON STOCK. AS THE INVESTMENT ADVISOR AND GENERAL PARTNER TO EACH OF ANCORA CATALYST INSTITUTIONAL, ANCORA BELLATOR, ANCORA CATALYST, ANCORA MERLIN INSTITUTIONAL, ANCORA MERLIN, ANCORA IMPACT CC, ANCORA IMPACT DD AND CERTAIN SEPARATELY MANAGED ACCOUNTS (THE “ANCORA ALTERNATIVES SMAS”), ANCORA ALTERNATIVES MAY BE DEEMED TO BENEFICIALLY OWN THE 440,932 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA CATALYST INSTITUTIONAL, 47,919 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA CATALYST, 239,599 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA BELLATOR, 444,898 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA MERLIN INSTITUTIONAL, 45,415 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA MERLIN, 518,909 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA IMPACT CC, 286,169 SHARES OF COMMON STOCK BENEFICIALLYOWNED DIRECTLY BY ANCORA IMPACT DD AND 490,030 SHARES OF COMMON STOCK HELD IN THE ANCORA ALTERNATIVES SMAS.
AS THE SOLE MEMBER OF ANCORA ALTERNATIVES, ANCORA HOLDINGS MAY BE DEEMED TO BENEFICIALLY OWN THE 440,932 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA CATALYST INSTITUTIONAL, 47,919 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA CATALYST, 239,599 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA BELLATOR, 444,898 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA MERLIN INSTITUTIONAL, 45,415 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA MERLIN, 518,909 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA IMPACT CC, 286,169 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA IMPACT DD AND 490,030 SHARES OF COMMON STOCK HELD IN THE ANCORA ALTERNATIVES SMAS.
AS THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF ANCORA HOLDINGS, MR. DISANTO MAY BE DEEMED TO BENEFICIALLY OWN THE 440,932 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA CATALYST INSTITUTIONAL, 47,919 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA CATALYST, 239,599 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA BELLATOR, 444,898 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA MERLIN INSTITUTIONAL, 45,415 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA MERLIN, 518,909 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA IMPACT CC, 286,169 SHARES OF COMMON STOCK BENEFICIALLY OWNED DIRECTLY BY ANCORA IMPACT DD AND 490,030 SHARES OF COMMON STOCK HELD IN THE ANCORA ALTERNATIVES SMAS. AS OF THE DATE HEREOF,MESSRS. BOYCHUK, FISHER, NEWPORT, THOMAS, AND URBAN, DR. HAYES AND MS. SIMMS DO NOT BENEFICIALLY OWN ANY SHARES OF COMMON STOCK.
Ancora believes leadership has pursued a risky sale to Nippon at the expense of financial and operational performance, leaving U.S. Steel in a dire state.
We intend to install an independent slate and legendary CEO to abandon the blocked deal, collect the $565 million breakup fee and Make U.S. Steel Great Again.
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Saratoga Proxy Consulting LLC
John Ferguson / Joseph Mills
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Longacre Square Partners
Charlotte Kiaie / Ashley Areopagita
646-386-0091
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