Worthington Industries names Steven Witt Corporate Controller; details compensation

WORTHINGTON ENTERPRISES, INC.

Steven Witt appointed Corporate Controller and CAO effective April 12, 2022; replaces Richard Welch who will retire.
Base salary set at $260,000; short-term cash incentive bonus target $130,000 for period ending May 31, 2022.
Restricted stock award of 2,000 common shares vesting on third anniversary (April 12, 2025).
Long-term performance share award up to 1,600 shares and cash award up to $150,000 for FY2019-2022 period.
Welch, Corporate Controller for 22 years, transitions to advisory role then retires after fiscal year.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Richard G. Welch

Corporate Controller

WOR · WORTHINGTON ENTERPRISES, INC.

Effective: 2022-04-12
Successor: Steven R. Witt
Filed: March 25, 2022, 7:59 PM ET

Richard G. Welch, who currently serves as the Registrant’s Corporate Controller, and who has served in such capacity for 22 years, will transition to an advisory role beginning on April 12, 2022, and then ultimately retire after the completion of the Registrant’s current fiscal year.

Appointed

Steven R. Witt

Corporate Controller and Chief Accounting Officer

WOR · WORTHINGTON ENTERPRISES, INC.

Effective: 2022-04-12
Filed: March 25, 2022, 7:59 PM ET

On April 12, 2022, Steven R. Witt, age 52, currently the Senior Director of Accounting and Finance for the legacy pressure cylinders businesses of the Registrant, will become Corporate Controller and the chief accounting officer of the Registrant.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard G. Welch departed as Corporate Controller at WORTHINGTON ENTERPRISES, INC..

Action: retire
Role: Corporate Controller

Exact text from the filing

Richard G. Welch, who currently serves as the Registrant’s Corporate Controller, and who has served in such capacity for 22 years, will transition to an advisory role beginning on April 12, 2022, and then ultimately retire after the completion of the Registrant’s current fiscal year.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven R. Witt was appointed as Corporate Controller and Chief Accounting Officer at WORTHINGTON ENTERPRISES, INC..

Action: appointed
Role: Corporate Controller and Chief Accounting Officer

Exact text from the filing

On April 12, 2022, Steven R. Witt, age 52, currently the Senior Director of Accounting and Finance for the legacy pressure cylinders businesses of the Registrant, will become Corporate Controller and the chief accounting officer of the Registrant.

View on SEC.gov

WORTHINGTON ENTERPRISES, INC. filing history →

Source: SEC EDGAR

accession 0001564590-22-011777

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.