Annual Base Salary Approval for Named Executive Officers of Worthington Enterprises, Inc.

Summary

Worthington Enterprises, Inc.'s Compensation Committee approved new annual base salaries for its top executive officers, effective September 2024. The agreement lists the names, positions, and approved salaries for the President and CEO, Executive Vice President and CFO, Vice President and General Counsel, Senior Vice President & Chief of Corporate Affairs, and President of Consumer Products. This approval is part of the company's annual compensation process and will be disclosed in the 2024 Proxy Statement for shareholders.

EX-10.29 3 wor-ex10_29.htm EX-10.29 EX-10.29

Exhibit 10.29

ANNUAL BASE SALARIES APPROVED FOR NAMED EXECUTIVE OFFICERS

OF

WORTHINGTON ENTERPRISES, INC.

In June 2024, the Compensation Committee of the Board of Directors of Worthington Enterprises, Inc. (the “Registrant”) approved base salary increases for the following executive officers of the Registrant who will be named executive officers of the Registrant for purposes of the disclosure to be included in the Registrant’s Proxy Statement for the 2024 Annual Meeting of Shareholders to be held on September 24, 2024, which will become effective in September 2024.

Name and Principal Position

 

Base Salary

B. Andrew Rose

$

825,000

President and Chief Executive Officer

Joseph B. Hayek

$

600,000

Executive Vice President and Chief Financial Officer

Patrick J. Kennedy

$

495,000

Vice President – General Counsel and Secretary

Sonya L. Higginbotham

$

280,000

Senior Vice President & Chief of Corporate Affairs, Communications & Sustainability

Steven M. Caravati

$

380,000

President – Consumer Products