{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-289193","form_type":"8-K","ticker":"WS","cik":"0001968487","company_name":"Worthington Steel, Inc.","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.475167+00:00","generated_at":"2026-06-07T18:19:29.065407+00:00","sec_items":["1.01","2.03","3.03","5.03","5.01","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Worthington Steel completes spin-off from Worthington Enterprises, begins trading on NYSE under WS","bullets":["Separation effective Dec 1, 2023; each Worthington Enterprises share converted to one Worthington Steel share.","Entered $550M asset-based revolving credit facility with PNC Bank, maturing Nov 30, 2028; proceeds used for $150M cash distribution and general purposes.","Board expanded from 3 to 10 directors; Jeff Klingler resigned; new committee chairs appointed.","Adopted 2023 Long-Term Incentive Plan (8M shares) and 2023 Directors Equity Plan (1M shares) effective Dec 1, 2023.","Credit facility secured by accounts and inventory; interest based on SOFR or base rate plus margin of 1.25%-1.75%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-289193","json":"https://secwatch.observer/filing/0001193125-23-289193.json","markdown":"https://secwatch.observer/filing/0001193125-23-289193.md","text":"https://secwatch.observer/filing/0001193125-23-289193.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/d591462d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:19:29.065407+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0cb25a09bb","claim":"Charles M. Chiappone was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"1682053e1d","claim":"Jon J. Bowsher was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"4b0939d986","claim":"Sidney A. Ribeau was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"651d13a048","claim":"Mary Schiavo was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6d87fe8b5c","claim":"John B. Blystone was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8fb60f64f5","claim":"John H. McConnell II was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d1357a0c56","claim":"Nancy G. Mistretta was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d578166005","claim":"Jeff K. Klingler resigned as Director at Worthington Steel, Inc..","evidence_excerpt":"On December 1, 2023, in connection with and effective upon the consummation of the Separation, Jeff K. Klingler resigned from the Board of Directors of Worthington Steel (the “ Board ”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ffb9d00484","claim":"George P. Stoe was appointed as Director at Worthington Steel, Inc..","evidence_excerpt":"John B. Blystone, John H. McConnell II, Sidney A. Ribeau, Mary Schiavo, Nancy G. Mistretta, George P. Stoe, Jon J. Bowsher, and Charles M. Chiappone were appointed to the Board to fill the vacancies created by the increase in the size of the Board and the resignation of Mr. Klingler.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"220b29f9d375b51cda6c63cae47e453b3f4d0faf","claim":"Worthington Steel, Inc.: Amended Articles of Incorporation became effective in connection with the Separation (effective 2023-11-30).","evidence_excerpt":"the Company’s Amended Articles of Incorporation and Amended Regulations became effective.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.7,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"governance_change"},{"claim_id":"8df42104f40da9a9605be45e7dd36b9ccaa9350a","claim":"Worthington Steel, Inc.: Amended Regulations became effective in connection with the Separation (effective 2023-11-30).","evidence_excerpt":"the Company’s Amended Articles of Incorporation and Amended Regulations became effective.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.7,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"governance_change"},{"claim_id":"404c479f2868472a6fa22b716a5784bbad44d97d","claim":"Worthington Steel, Inc. underwent a change of control involving Worthington Enterprises, Inc. for pro rata distribution of 100% of the outstanding common shares of Worthington Steel to holders of record of Worthington Enterprises common shares (closed 2023-12-01).","evidence_excerpt":"(“ Worthington Steel ,” the “ Company ,” “ we ,” “ us ” or “ our ”) from Worthington Enterprises, Inc. (formerly known as Worthington Industries, Inc.) (“ Worthington Enterprises ”) was completed.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968487/000119312523289193/0001193125-23-289193-index.htm","confidence":0.98,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Worthington Enterprises, Inc."},{"label":"Consideration","value":"pro rata distribution of 100% of the outstanding common shares of Worthington Steel to holders of record of Worthington Enterprises common shares"},{"label":"Closing","value":"2023-12-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}