Worthington Industries, Inc. Executive Officers Annual Base Salary Approval (2021)
Worthington Industries, Inc.'s Compensation Committee approved new annual base salaries for its named executive officers, effective September 2021. The officers include the Executive Chairman, President and CEO, Vice President and CFO, Executive Vice President and COO, and two division presidents. This approval sets the compensation amounts for these key executives for disclosure in the company's 2021 Proxy Statement ahead of the annual shareholders meeting.
Exhibit 10.69
ANNUAL BASE SALARIES APPROVED FOR NAMED EXECUTIVE OFFICERS
OF
WORTHINGTON INDUSTRIES, INC.
In June 2021, the Compensation Committee of the Board of Directors of Worthington Industries, 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 2021 Annual Meeting of Shareholders to be held on September 29, 2021, which will become effective in September 2021.
Name and Principal Position |
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| Base Salary | |
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John P. McConnell Executive Chairman; a Director |
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| $ | 412,000 |
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B. Andrew Rose President and CEO |
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| $ | 670,000 |
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Joseph B. Hayek |
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Vice President and Chief Financial Officer of the Registrant |
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| $ | 450,000 |
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Geoffrey G. Gilmore Executive Vice President and Chief Operating Officer of the Registrant |
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| $ | 633,000 |
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Eric M. Smolenski President – Building Products and Sustainable Energy Solutions |
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| $ | 386,250 |
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Jeff R. Klinger President – Steel Processing |
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| $ |
385,000 |
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