Annual Base Salary Approval for Named Executive Officers of Worthington Industries, Inc.
Worthington Industries, Inc.'s Compensation and Stock Option Committee approved new annual base salaries for its top executives, effective September 2015. The agreement lists the approved salaries for the Chairman and CEO, President and COO, Executive Vice President and CFO, and the presidents of two subsidiaries. This document formalizes the compensation terms for these named executive officers for the upcoming year.
Exhibit 10.69
ANNUAL BASE SALARIES APPROVED FOR NAMED EXECUTIVE OFFICERS
OF
WORTHINGTON INDUSTRIES, INC.
On June 23, 2015, 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 2015.
| Name and Principal Position | Base Salary | |||
| John P. McConnell Chairman of the Board and Chief Executive Officer of the Registrant | $ | 643,750 | ||
| Mark A. Russell President and Chief Operating Officer of the Registrant | $ | 530,500 | ||
| B. Andrew Rose Executive Vice President and Chief Financial Officer of the Registrant | $ | 479,500 | ||
| Andrew J. Billman President, Worthington Cylinder Corporation | $ | 371,315 | ||
| Geoffrey G. Gilmore President, The Worthington Steel Company | $ | 425,000 | ||
