Worthington Industries, Inc. Executive Officers Annual Base Salary Approval (Effective August 27, 2017)
Worthington Industries, Inc.'s Compensation Committee approved new annual base salaries for its named executive officers, effective August 27, 2017. The officers affected include the Chairman and CEO, President and COO, CFO, and other senior executives. This approval formalizes the salary amounts for each executive as part of the company's compensation practices. The decision was made in connection with disclosures for the company's annual shareholder meetings.
Exhibit 10.67
ANNUAL BASE SALARIES APPROVED FOR NAMED EXECUTIVE OFFICERS
OF
WORTHINGTON INDUSTRIES, INC.
Effective June 28, 2017, 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 either are named executive officers of the Registrant for purposes of the disclosure included in the Registrants Proxy Statement for the 2016 Annual Meeting of Shareholders held on September 29, 2016 and/or will be named executive officers of the Registrant for purposes of the disclosure to be included in the Registrants Proxy Statement for the 2017 Annual Meeting of Shareholders to be held on September 27, 2017. All base salary increases will become effective August 27, 2017.
Name and Principal Position | Base Salary | |||
John P. McConnell Chairman and Chief Executive Officer of the Registrant | $ | 663,063 |
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Mark A. Russell President and Chief Operating Officer of the Registrant | $ | 557,333 |
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B. Andrew Rose Executive Vice President and Chief Financial Officer of the Registrant | $ | 503,773 |
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Geoffrey G. Gilmore President, Worthington Cylinder Corporation | $ | 504,000 |
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Virgil L. Winland Senior Vice President-Manufacturing of the Registrant | $ | 375,920 |
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John G. Lamprinakos President, The Worthington Steel Company | $ | 375,000 |
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