Amendment to Annual Retainer Fees for Committee Chairs of AK Steel Holding Corporation Board

Summary

AK Steel Holding Corporation's Board of Directors approved increases to the annual retainer fees for the Chairs of its Audit, Finance, and Management Development and Compensation Committees, effective January 1, 2013. The Audit Committee Chair's fee increased from $15,000 to $20,000, the Finance Committee Chair's from $5,000 to $10,000, and the Management Development and Compensation Committee Chair's from $12,500 to $15,000. Fees for other committee chairs and the rest of the non-employee Director compensation program remain unchanged.

EX-10.23 3 exhibit1023-201210kchanges.htm CHANGES TO ANNUAL RETAINER FEES FOR CHAIRS OF CERTAIN COMMITTEES OF THE BOARD Exhibit 10.23 - 2012 10K Changes to Annual Retainer Fees

EXHIBIT 10.23

Changes to Annual Retainer Fees for Chairs of Certain Committees

of the Board of Directors of AK Steel Holding Corporation

On January 24, 2013, the Board of Directors (the “Board”) of AK Steel Holding Corporation (the “Company”), upon the recommendation of the Nominating and Governance Committee, approved certain changes to the annual retainer fees for the Chairs of the Audit, Management Development and Compensation, and Finance Committees of the Board. The Board approved a $5,000 increase for the Chair of the Audit Committee, from $15,000 to $20,000, a $5,000 increase for the Chair of the Finance Committee, from $5,000 to $10,000, and a $2,500 increase for the Chair of the Management Development and Compensation, from $12,500 to $15,000. These changes were made effective January 1, 2013. The annual retainer fees for the Chairs of the Nominating and Governance and the Public and Environmental Issues Committees and all other aspects of the non-employee Director compensation program remain as disclosed in the Company's Proxy Statement for its 2012 Annual Meeting of Stockholders, as filed with the Securities and Exchange Commission on April 9, 2012.