secwatch.observer — SEC 8-K summary
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Issuer:     Worthington Steel, Inc. (WS)
CIK:        0001968487
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001193125-23-303012
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968487/000119312523303012/0001193125-23-303012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968487/000119312523303012/d669851d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-303012

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