secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2024-10-08T23:59:59+00:00
Accession:  0000950170-24-113553
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Enterprises appoints Joseph Hayek as CEO, effective Nov 1; Andy Rose retires
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- Joseph Hayek, current EVP and CFOO, named President and CEO effective Nov 1, 2024, also joining Board.
- B. Andrew Rose retires as President, CEO, and Board member; departure unrelated to any disagreement.
- Colin Souza, VP of Finance, appointed VP and CFO effective Nov 1, 2024, replacing Hayek.
- Rose's equity awards will vest or pro-rate per transition agreement; base salary unchanged through effective date.
- New CEO Hayek has 10 years at Worthington, led separation of Steel Processing business in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017024113553/0000950170-24-113553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017024113553/wor-20241008.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-113553

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer