secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001193125-23-289222
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/0001193125-23-289222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000119312523289222/d652347d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289222

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