---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-303012"
form_type: "8-K"
ticker: "WS"
cik: "0001968487"
company_name: "Worthington Steel, Inc."
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:38:47.306220+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# John B. Blystone appointed Executive Chairman; compensation details disclosed

## Summary
- John B. Blystone, 70, appointed Executive Chairman effective Dec 1, 2023, board term expiring 2026.
- Compensation: $800k base salary, target cash bonus 125% of base (0-250% range), $1.8M LTI award mix.
- Special time-vesting restricted shares: 8,920 shares (1-yr cliff), 24,340 shares (2-yr cliff) granted Dec 22, 2023.
- Named executive officers: CEO Gilmore $820k base/140% bonus/$3M LTI; CFO Adams $310k base/90% bonus/$350k LTI.
- CFO Adams received special $150k cash bonus and 10,000 time-vesting restricted shares (3-yr cliff) for separation efforts.

## SEC filing metadata
- accession: 0001193125-23-303012
- form_type: 8-K
- ticker: WS
- cik: 0001968487
- company_name: Worthington Steel, Inc.
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968487/000119312523303012/0001193125-23-303012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968487/000119312523303012/d669851d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-303012
- JSON: https://secwatch.observer/filing/0001193125-23-303012.json
- Plain text: https://secwatch.observer/filing/0001193125-23-303012.txt

## Key facts
- Executive change
  John B. Blystone was appointed as Executive Chairman of the Board at Worthington Steel, Inc..
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: John B. Blystone was appointed to serve on our board of directors (“Board”), effective December 1, 2023, in class III, with a term scheduled to expire at our 2026 annual meeting of shareholders. Also effective December 1, 2023, Mr. Blystone, 70, was appointed to the office of Executive Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1968487/000119312523303012/0001193125-23-303012-index.htm

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