Worthington Steel files amendment for stock split and stated capital elimination to enable spin-off distribution

Worthington Steel, Inc.

Amendment filed Nov 22, 2023, effective same date; splits 100 shares into 50,025,115 shares for pro rata distribution.
Each Worthington Industries shareholder receives one WS share for each WI share held as of Nov 21 record date.
Post-split, there are 50,025,115 common shares outstanding; amendment also eliminates stated capital.
Action is to complete the previously announced distribution of 100% of Worthington Steel common shares to Worthington Industries shareholders.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Worthington Steel, Inc.: Certificate of amendment filed to effect a stock split and eliminate stated capital (effective 2023-11-22).

Change: charter amendment
Effective: 2023-11-22

Exact text from the filing

On November 22, 2023, Worthington Steel, Inc. (the “ Company ”) filed a certificate of amendment to the Articles of Incorporation of the Company (the “ Amendment ”) with the Secretary of State of the State of Ohio, which became effective as of such date.

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Worthington Steel, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-283382

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