secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062135
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Industries approves spin-off of Worthington Steel; distribution Dec 1
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017023062135/0000950170-23-062135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017023062135/wor-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062135

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