secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K/A
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-122914
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Enterprises: CEO Hayek $725K salary + 19,200 RSU; CFO Souza $300K + 4,600 RSU
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- CEO Hayek: $725K base; annual bonus threshold $375K, target $750K, max $1.5M.
- CFO Souza: $300K base; annual bonus threshold $125K, target $250K, max $500K.
- Long-term awards unchanged from June 2024: Hayek target 6,700 PS + $652K cash; Souza 800 PS + $75K cash.
- Time-based RSU: Hayek 19,200 shares, Souza 4,600 shares, cliff vest at 3 years.
- Bonus tied to adjusted ROA/EBITDA (50% ea.); LTIP tied to cumulative EVA and EPS growth (50% ea.).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017024122914/0000950170-24-122914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017024122914/wor-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122914

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