{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-289222","form_type":"8-K","ticker":"WOR","cik":"0000108516","company_name":"WORTHINGTON ENTERPRISES, INC.","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.170035+00:00","generated_at":"2026-06-07T17:42:59.010459+00:00","sec_items":["1.01","2.01","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Worthington Enterprises completes spin-off of Worthington Steel; shareholders receive one WS share per WOR share","bullets":["Spin-off effective Dec 1, 2023; each WOR shareholder received one WS share for each WOR share held as of Nov 21, 2023.","Worthington Steel made $150M cash distribution to Worthington Enterprises, proceeds used for debt reduction.","Worthington Industries renamed Worthington Enterprises; WOR continues trading on NYSE under ticker \"WOR\".","Worthington Steel began trading on NYSE as \"WS\" as independent steel processing company.","Separation governed by Separation and Distribution, Transition Services, Tax, Employee Matters, and other agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-289222","json":"https://secwatch.observer/filing/0001193125-23-289222.json","markdown":"https://secwatch.observer/filing/0001193125-23-289222.md","text":"https://secwatch.observer/filing/0001193125-23-289222.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/d652347d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T17:42:59.010459+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":"a3da5b11b0","claim":"Kevin J. Chan was appointed as Corporate Controller and Chief Accounting Officer at WORTHINGTON ENTERPRISES, INC..","evidence_excerpt":"On December 1, 2023, Kevin J. Chan, age 42, became Corporate Controller and the chief accounting officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Corporate Controller and Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"ec1467fec2","claim":"Steven R. Witt departed as Corporate Controller at WORTHINGTON ENTERPRISES, INC..","evidence_excerpt":"Steven R. Witt, who previously served as the Company’s Corporate Controller, assumed the same position with Worthington Steel as part of the Separation.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Corporate Controller"}],"fact_type":"executive_change"},{"claim_id":"26b7f75f95a34bd67725079f299452d859ec1341","claim":"WORTHINGTON ENTERPRISES, INC.: Amended articles of incorporation to change company name from Worthington Industries, Inc. to Worthington Enterprises, Inc., effective on the Distribution Date (effective 2023-12-01).","evidence_excerpt":"On December 1, 2023, the Company filed a certificate of amendment to amend its articles of incorporation (the “ Amended Articles ”) to change the name of the Company from “Worthington Industries, Inc.” to “Worthington Enterprises, Inc.” (the “ Name Change ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm","confidence":0.95,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-12-01"}],"fact_type":"governance_change"},{"claim_id":"56e952f9d0505c2f9946b8162cc622270e2e0719","claim":"WORTHINGTON ENTERPRISES, INC. completed a disposition involving Worthington Steel, Inc. for cash distribution of approximately $150 million (closed 2023-12-01).","evidence_excerpt":"Eastern time, the previously announced separation (the “ Separation ”) of Worthington Steel, Inc. (“ Worthington Steel ”) from Worthington Enterprises, Inc.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Worthington Steel, Inc."},{"label":"Consideration","value":"cash distribution of approximately $150 million"},{"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"}