Worthington Enterprises Management

Management criteria checks 3/4

Worthington Enterprises' CEO is Andy Rose, appointed in Aug 2018, has a tenure of 5.67 years. total yearly compensation is $7.28M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 0.92% of the company’s shares, worth €25.06M. The average tenure of the management team and the board of directors is 3.3 years and 13.1 years respectively.

Key information

Andy Rose

Chief executive officer

US$7.3m

Total compensation

CEO salary percentage	10.1%
CEO tenure	5.7yrs
CEO ownership	0.9%
Management average tenure	3.3yrs
Board average tenure	13.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Rose's remuneration changed compared to Worthington Enterprises's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	US$249m
Nov 30 2023	n/a	n/a	US$252m
Aug 31 2023	n/a	n/a	US$289m
May 31 2023	US$7m	US$735k	US$257m
Feb 28 2023	n/a	n/a	US$147m
Nov 30 2022	n/a	n/a	US$178m
Aug 31 2022	n/a	n/a	US$311m
May 31 2022	US$8m	US$668k	US$379m
Feb 28 2022	n/a	n/a	US$413m
Nov 30 2021	n/a	n/a	US$424m
Aug 31 2021	n/a	n/a	US$240m
May 31 2021	US$6m	US$646k	US$724m
Feb 28 2021	n/a	n/a	US$626m
Nov 30 2020	n/a	n/a	US$574m
Aug 31 2020	n/a	n/a	US$700m
May 31 2020	US$2m	US$563k	US$79m
Feb 29 2020	n/a	n/a	US$100m
Nov 30 2019	n/a	n/a	US$112m
Aug 31 2019	n/a	n/a	US$94m
May 31 2019	US$6m	US$527k	US$153m
Feb 28 2019	n/a	n/a	US$146m
Nov 30 2018	n/a	n/a	US$199m
Aug 31 2018	n/a	n/a	US$204m
May 31 2018	US$3m	US$502k	US$195m
Feb 28 2018	n/a	n/a	US$221m
Nov 30 2017	n/a	n/a	US$177m
Aug 31 2017	n/a	n/a	US$184m
May 31 2017	US$3m	US$489k	US$205m

Compensation vs Market: Andy's total compensation ($USD7.28M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.

CEO

Andy Rose (53 yo)

5.7yrs

Tenure

US$7,279,786

Compensation

Mr. B. Andrew Rose, also known as Andy, has been the President of Worthington Enterprises, Inc. previously known as Worthington Industries, Inc. since August 22, 2018 and as its Chief Executive Officer sin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Blystone	Executive Chairman & Lead Director	27.3yrs	US$336.40k	0.32% $ 8.9m
B. Rose	President	5.7yrs	US$7.28m	0.92% $ 25.1m
Joseph Hayek	Executive Vice President	5.4yrs	US$2.87m	0.41% $ 11.3m
Steven Caravati	President of Consumer Products	2.8yrs	US$2.11m	0.074% $ 2.0m
Steven Witt	Chief Accounting Officer	2yrs	no data	0.026% $ 724.5k
Priya Rao	Vice President & Chief Information Officer	less than a year	no data	no data
Marcus Rogier	Investor Relations Officer & Treasurer	10.3yrs	no data	no data
Patrick Kennedy	Chief Legal & Ethics Officer & Secretary	3.3yrs	no data	0.038% $ 1.0m
Sonya Higginbotham	Senior VP and Chief of Corporate Affairs	5.6yrs	no data	0.031% $ 851.5k
Josie Lewis	Vice President of Human Resources	2.2yrs	no data	no data
Dale Brinkman	Senior Legal Advisor	3.3yrs	US$1.19m	no data
Eric Smolenski	President of Building Products & Sustainable Energy Solutions	4.9yrs	US$2.91m	0.19% $ 5.1m

3.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: WTH's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Blystone	Executive Chairman & Lead Director	27.3yrs	US$336.40k	0.32% $ 8.9m
B. Rose	President	no data	US$7.28m	0.92% $ 25.1m
Kerrii Anderson	Independent Director	13.6yrs	US$227.57k	0.14% $ 3.8m
Michael Endres	Independent Director	25.3yrs	US$227.57k	0.15% $ 4.2m
John McConnell	Board Member	1.3yrs	no data	0.062% $ 1.7m
Virgil Winland	Director	no data	US$1.10m	0.20% $ 5.6m
Mark Davis	Independent Director	13.1yrs	US$227.57k	0.079% $ 2.2m
David Blom	Independent Director	4.8yrs	US$227.57k	0.039% $ 1.1m
Paul Heller	Director	no data	no data	0.0060% $ 163.7k
Ozey Horton	Independent Director	12.8yrs	US$227.57k	0.081% $ 2.2m
Billy Vickers	Director	no data	no data	0.0060% $ 163.7k

13.1yrs

Average Tenure

69yo

Average Age

Experienced Board: WTH's board of directors are seasoned and experienced ( 13.1 years average tenure).

Worthington Enterprises Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently sold €3.9m worth of stock

Less than half of directors are independent

Worthington Industries, Inc. Announces Board Changes

Worthington Industries, Inc., Annual General Meeting, Sep 27, 2023

Independent Director recently sold €327k worth of stock

Executive VP & COO recently sold €545k worth of stock

Recent updates

Worthington Enterprises, Inc. to Report Q4, 2024 Results on Jun 26, 2024

Independent Director recently sold €3.9m worth of stock

Now 21% undervalued

Dividend of US$0.16 announced

Third quarter 2024 earnings released: EPS: US$0.45 (vs US$0.95 in 3Q 2023)

New minor risk - Shareholder dilution

Worthington Enterprises, Inc. Declares Quarterly Dividend, Payable on June 28, 2024

Upcoming dividend of US$0.16 per share

Worthington Enterprises, Inc. to Report Q3, 2024 Results on Mar 20, 2024

Now 21% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$0.49 (vs US$0.33 in 2Q 2023)

New minor risk - Shareholder dilution

The Worthington Enterprises, Inc. Declares a Quarterly Dividend, Payable on March 29, 2024

Less than half of directors are independent

New major risk - Revenue and earnings growth

Worthington Enterprises, Inc. to Report Q2, 2024 Results on Dec 19, 2023

Investor sentiment deteriorates as stock falls 30%

Worthington Industries, Inc.(NYSE:WOR) dropped from S&P 400 Steel (Sub Ind)

Worthington Industries, Inc. Announces Board Changes

Upcoming dividend of US$0.32 per share at 2.0% yield

Worthington Industries, Inc. Declares Quarterly Dividend, Payable on December 15, 2023

First quarter 2024 earnings released: EPS: US$1.97 (vs US$1.32 in 1Q 2023)

Upcoming dividend of US$0.32 per share at 1.7% yield

Worthington Industries, Inc. to Report Q1, 2024 Results on Sep 28, 2023

Worthington Industries, Inc., Annual General Meeting, Sep 27, 2023

Independent Director recently sold €327k worth of stock

Full year 2023 earnings released: EPS: US$5.28 (vs US$7.60 in FY 2022)

Executive VP & COO recently sold €545k worth of stock

Full year 2023 earnings released: EPS: US$5.28 (vs US$7.60 in FY 2022)

Worthington Industries, Inc. Announces Board and Committee changes

New minor risk - Shareholder dilution

Upcoming dividend of US$0.31 per share at 2.0% yield

Worthington Industries, Inc. to Report Q4, 2023 Results on Jun 28, 2023

Investor sentiment improves as stock rises 22%

Third quarter 2023 earnings released: EPS: US$0.95 (vs US$1.13 in 3Q 2022)

Now 21% undervalued

Upcoming dividend of US$0.31 per share at 2.0% yield

Now 20% undervalued

Second quarter 2023 earnings released: EPS: US$0.33 (vs US$2.19 in 2Q 2022)

Worthington Industries, Inc. Announces Board Changes

Insufficient new directors

Worthington Industries, Inc. Declares Quarterly Dividend

Worthington Industries, Inc. to Report Q2, 2023 Results on Dec 20, 2022

Worthington Industries, Inc. Reports Consolidated Impairment Charges for the First Quarter Ended August 31, 2022

Worthington Industries Declares Quarterly Dividend, Payable on December 29, 2022

Worthington Industries, Inc. to Report Q1, 2023 Results on Sep 29, 2022

Upcoming dividend of US$0.31 per share

Worthington Industries, Inc., Annual General Meeting, Sep 28, 2022

Full year 2022 earnings released: EPS: US$7.60 (vs US$13.73 in FY 2021)

Full year 2022 earnings released: EPS: US$7.60 (vs US$13.73 in FY 2021)

Worthington Industries Declares Quarterly Dividend, Payable on September 29, 2022

Worthington Industries, Inc. to Report Q4, 2022 Results on Jun 22, 2022

Upcoming dividend of US$0.28 per share

Worthington Industries, Inc. (NYSE:WOR) acquired Level5 Tools, LLC for $80 million.

Insufficient new directors

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.28 per share

Worthington Industries, Inc. to Report Q3, 2022 Results on Mar 22, 2022

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.28 per share

First quarter 2022 earnings released: EPS US$2.61 (vs US$11.41 in 1Q 2021)

Insufficient new directors

Worthington Industries, Inc. Divides Pressure Cylinders Segment into Three New Reporting Segments

Upcoming dividend of US$0.28 per share

Westport Fuel Systems Inc. (TSX:WPRT) agreed to acquire STAKO sp. z o.o. from Worthington Industries, Inc. (NYSE:WOR) in a transaction valued at €5 Million.

Independent Director recently sold €2.9m worth of stock

Third quarter 2021 earnings released: EPS US$1.30 (vs US$0.28 in 3Q 2020)

Independent Director recently sold €878k worth of stock

Third quarter 2021 earnings released: EPS US$1.30 (vs US$0.28 in 3Q 2020)