Filed by AK Steel Holding Corporation pursuant to Rule 425 under the
Securities Act of 1933, as amended, and deemed filed pursuant to Rule 14a-
12 under the Securities Exchange Act of 1934, as amended.
Subject Company: AK Steel Holding Corporation
Commission File No.: 001-13696
Commencing on February 21, 2020, AK Steel Holding Corporation sent the following communication to certain of its stockholders and may in the
future distribute the same or a substantially similar communication.
Dear AK Steel Stockholder,
The AK Steel Special Stockholder Meeting is rapidly approaching. You recently received proxy materials relating to proposals to be voted on at a Special
Meeting of Stockholders of AK Steel Holding Corporation (the Company or AK Steel), which will be held on Tuesday, March 10, 2020 at 11:00 a.m., Eastern Time, at our corporate headquarters at 9227 Centre Pointe Drive,
West Chester, Ohio 45069. This Special Meeting has been called to vote on certain matters related to AK Steels proposed acquisition by Cleveland-Cliffs Inc. (Cliffs), including to approve the adoption of the Agreement and Plan of
Merger, dated as of December 2, 2019 (the Merger Proposal).
You are receiving this
REMINDER notice because you held shares of AK Steel as of the close of business on January 31, 2020, the record date for the Special Meeting, and we have not yet received your vote.
The Board of Directors of the Company unanimously recommends that you vote
FOR the Merger Proposal, and
FOR each of the other proposals to be considered at the Special Meeting.
Your vote is very important, no matter how large or small your holdings may be. The proposed merger cannot be completed unless the holders of a
majority of the outstanding shares of AK Steel common stock vote in favor of the Merger Proposal. Your failure to vote, or your decision to abstain from voting, will have the same effect as a vote against the Merger Proposal.
We urge you to vote FOR the Merger Proposal and each of the other proposals by completing, signing and dating the enclosed proxy card and
mailing it in the enclosed postage-paid envelope as soon as possible. Alternatively, you may vote by telephone or via the internet by following the instructions on the enclosed proxy card.
If you hold your shares in a brokerage or bank account (in street name), your broker or bank cannot vote your shares unless you complete,
sign and date the enclosed voting instruction form and return the form to your bank or broker.
VOTING NOW HELPS LOWER THE
COMPANYS OVERALL PROXY SOLICITATION
COSTS AND ELIMINATES
FURTHER REMINDER MAILINGS, SOLICITATIONS AND PHONE CALLS
If you have questions or need assistance in voting your shares, please call Georgeson LLC at 1-866-413-5899.
Thank you for voting.