secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K/A
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-122243
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Enterprises sets CEO and CFO compensation; Hayek base $725K, Souza $300K
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- CEO Hayek annual base salary $725,000; CFO Souza $300,000 effective Nov 1, 2024.
- Annual bonus target: Hayek $750,000; Souza $250,000; tied to adjusted ROA and EBITDA for fiscal 2025.
- Long-term performance awards (FY 2024-2027): Hayek max 13,400 shares + $1.3M cash; Souza max 1,600 shares + $150K cash.
- Restricted stock: Hayek 19,200 shares; Souza 4,600 shares; cliff vest at 3 years, accelerated on change-in-control or termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017024122243/0000950170-24-122243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017024122243/wor-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122243

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