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Worthington Industries Inc. – ‘8-K’ for 8/3/22

On:  Friday, 8/5/22, at 8:20am ET   ·   For:  8/3/22   ·   Accession #:  950170-22-14955   ·   File #:  1-08399

Previous ‘8-K’:  ‘8-K’ on 6/28/22 for 6/22/22   ·   Next:  ‘8-K’ on / for 9/29/22   ·   Latest:  ‘8-K’ on 4/12/24 for 4/9/24   ·   1 Reference:  By:  Worthington Enterprises, Inc. – ‘S-8’ on 4/11/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/05/22  Worthington Industries Inc.       8-K:8       8/03/22   10:166K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     53K 
 5: R1          Document And Entity Information                     HTML     46K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 6: XML         XBRL Instance -- wor-20220803_htm                    XML     15K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 3: EX-101.LAB  XBRL Labels -- wor-20220803_lab                      XML     52K 
 4: EX-101.PRE  XBRL Presentations -- wor-20220803_pre               XML     33K 
 2: EX-101.SCH  XBRL Schema -- wor-20220803                          XSD     11K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               11±    18K 
10: ZIP         XBRL Zipped Folder -- 0000950170-22-014955-xbrl      Zip     13K 


‘8-K’   —   Current Report


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 iX:   C:  C:  C: 
  8-K  
 i false i 000010851600001085162022-08-032022-08-03

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  i August 3, 2022

 i WORTHINGTON INDUSTRIES, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 i Ohio

 

 i 1-8399

 

 i 31-1189815

(State or Other Jurisdiction of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

 i 200 Old Wilson Bridge Road,  i Columbus,  i Ohio  i 43085

(Address of Principal Executive Offices) (Zip Code)

( i 614)  i 438-3210
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 i 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

 i Common Shares, without par value

 i WOR

 i NYSE

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).

Emerging growth company

 

 i 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 


 

 

Item 8.01. Other Events.

 

On August 3, 2022, GerCo Holdings, Inc. (“GerCo”), a wholly-owned indirect subsidiary of Worthington Industries, Inc. (the “Company”), sold its 50% interest in the ArtiFlex Manufacturing, LLC (“ArtiFlex”) unconsolidated joint venture to the unaffiliated member of the joint venture for approximately $47.5 million, subject to closing adjustments. The divestiture closed on August 3, 2022 and included GerCo’s equity interest in ArtiFlex, as well as the Wooster, Ohio facility that was owned by GerCo and leased to ArtiFlex. As a result of the transaction, the Company expects to record a pre-tax loss of approximately $14.0 million below operating income for the quarterly period ended August 31, 2022.

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

WORTHINGTON INDUSTRIES, INC.

 

 

 

 

 

Date: August 5, 2022

 

By:

 

/s/Patrick J. Kennedy

 

 

 

 

Patrick J. Kennedy, Vice President -

General Counsel and Secretary

 

 

 

 

 

 



Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
8/31/22None on these Dates
Filed on:8/5/22
For Period end:8/3/22
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/11/23  Worthington Industries Inc.       S-8         4/11/23   18:1.6M                                   Donnelley … Solutions/FA
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Filing Submission 0000950170-22-014955   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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