Worthington Industries, Inc. Executive Officer Annual Base Salary Approval (2014)
Worthington Industries, Inc.'s Compensation and Stock Option Committee approved new annual base salaries for its named executive officers, effective September 2014. The officers include the Chairman and CEO, President and COO, Executive Vice President and CFO, and presidents of two subsidiaries. The document lists each executive's name, position, and approved base salary. One executive, B. Andrew Rose, was promoted to Executive Vice President in July 2014 and continues as CFO. This approval sets the compensation terms for these key executives for the upcoming year.
Exhibit 10.66
ANNUAL BASE SALARIES APPROVED FOR NAMED EXECUTIVE OFFICERS
OF
WORTHINGTON INDUSTRIES, INC.
On June 24, 2014, the Compensation and Stock Option Committee of the Board of Directors of Worthington Industries, Inc. (the “Registrant”) approved the base salaries for the named executive officers identified below, which base salaries will become effective September 2014.
| Name and Principal Position | Base Salary | |||
| John P. McConnell Chairman of the Board and Chief Executive Officer of the Registrant | $ | 643,750 | ||
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| Mark A. Russell President and Chief Operating Officer of the Registrant | $ | 530,500 | ||
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| B. Andrew Rose Executive Vice President and Chief Financial Officer of the Registrant* | $ | 479,500 | ||
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| Geoffrey G. Gilmore President, The Worthington Steel Company | $ | 371,000 | ||
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| Andrew J. Billman President, Worthington Cylinder Corporation | $ | 360,500 | ||
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| * | Mr. Rose was promoted to Executive Vice President of the Registrant on July 21, 2014 and continues to serve as Chief Financial Officer. |
