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