---
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"
generated_at: "2026-06-07T17:42:59.010459+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Enterprises completes spin-off of Worthington Steel; shareholders receive one WS share per WOR share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-289222
- JSON: https://secwatch.observer/filing/0001193125-23-289222.json
- Plain text: https://secwatch.observer/filing/0001193125-23-289222.txt

## Key facts
- Executive change
  Kevin J. Chan was appointed as Corporate Controller and Chief Accounting Officer at WORTHINGTON ENTERPRISES, INC..
  - Action: appointed
  - Role: Corporate Controller and Chief Accounting Officer
  source text: On December 1, 2023, Kevin J. Chan, age 42, became Corporate Controller and the chief accounting officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm
- Executive change
  Steven R. Witt departed as Corporate Controller at WORTHINGTON ENTERPRISES, INC..
  - Action: departed
  - Role: Corporate Controller
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2023-12-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm
- M&A Transactions
  WORTHINGTON ENTERPRISES, INC. completed a disposition involving Worthington Steel, Inc. for cash distribution of approximately $150 million (closed 2023-12-01).
  - Action: disposition
  - Counterparty: Worthington Steel, Inc.
  - Consideration: cash distribution of approximately $150 million
  - Closing: 2023-12-01
  source text: Eastern time, the previously announced separation (the “ Separation ”) of Worthington Steel, Inc. (“ Worthington Steel ”) from Worthington Enterprises, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.