8-K
filed November 9, 2023, 6:59 PM ET
ticker WOR
CIK 0000108516
other material
confidence high
sentiment positive
materiality 0.85
Worthington Industries approves spin-off of Worthington Steel; distribution Dec 1
WORTHINGTON ENTERPRISES, INC.
- Shareholders receive 1 WS share per WOR share held on record date Nov 21; distribution payable Dec 1.
- When-issued trading of WS begins Nov 28 on NYSE under 'WS'; WOR continues under 'WOR' post-rename.
- Post-spin, Worthington Industries renamed Worthington Enterprises; remains NYSE-listed as WOR.
- Three directors resign to join WS board; four new directors appointed effective separation.
- Spin-off intended to be tax-free to U.S. shareholders; fractional shares cashed out.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Sidney A. Ribeau resigned as Director at WORTHINGTON ENTERPRISES, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
On November 9, 2023, each of Carl A. Nelson, Mary Schiavo and Sidney A. Ribeau notified the Board of Directors (the “Board”) of Worthington Industries, Inc. (the “Company” or “Worthington”) of their intention to resign as a director of the Company, effective upon consummation of the previously announced separation (the “Separation”) of Worthington Steel, Inc. (“Worthington Steel”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Paul G. Heller was appointed as Director at WORTHINGTON ENTERPRISES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 9, 2023, the Board appointed B. Andrew Rose, Billy R. Vickers, Paul G. Heller and Virgil L. Winland to serve as directors of the Company, effective upon consummation of the Separation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Billy R. Vickers was appointed as Director at WORTHINGTON ENTERPRISES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 9, 2023, the Board appointed B. Andrew Rose, Billy R. Vickers, Paul G. Heller and Virgil L. Winland to serve as directors of the Company, effective upon consummation of the Separation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Mary Schiavo resigned as Director at WORTHINGTON ENTERPRISES, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
On November 9, 2023, each of Carl A. Nelson, Mary Schiavo and Sidney A. Ribeau notified the Board of Directors (the “Board”) of Worthington Industries, Inc. (the “Company” or “Worthington”) of their intention to resign as a director of the Company, effective upon consummation of the previously announced separation (the “Separation”) of Worthington Steel, Inc. (“Worthington Steel”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Virgil L. Winland was appointed as Director at WORTHINGTON ENTERPRISES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 9, 2023, the Board appointed B. Andrew Rose, Billy R. Vickers, Paul G. Heller and Virgil L. Winland to serve as directors of the Company, effective upon consummation of the Separation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
B. Andrew Rose was appointed as Director at WORTHINGTON ENTERPRISES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 9, 2023, the Board appointed B. Andrew Rose, Billy R. Vickers, Paul G. Heller and Virgil L. Winland to serve as directors of the Company, effective upon consummation of the Separation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Carl A. Nelson resigned as Director at WORTHINGTON ENTERPRISES, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
On November 9, 2023, each of Carl A. Nelson, Mary Schiavo and Sidney A. Ribeau notified the Board of Directors (the “Board”) of Worthington Industries, Inc. (the “Company” or “Worthington”) of their intention to resign as a director of the Company, effective upon consummation of the previously announced separation (the “Separation”) of Worthington Steel, Inc. (“Worthington Steel”).
View on SEC.gov
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