UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|
|
Date of Report (Date of earliest event reported): January 16, 2026 |
WORTHINGTON ENTERPRISES, INC.
(Exact name of Registrant as Specified in Its Charter)
________________________________________
|
|
|
|
|
|
Ohio |
001-08399 |
31-1189815 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
|
|
|
|
200 West Old Wilson Bridge Road |
|
Columbus, Ohio |
|
43085 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
|
|
Registrant’s Telephone Number, Including Area Code: (614) 438-3210 |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
|
Title of each class
|
|
Trading Symbol(s) |
|
Name of each exchange on which registered
|
Common Shares, Without Par Value |
|
WOR |
|
The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.01. Completion of Acquisition.
On January 16, 2026, the Building Products segment of Worthington Enterprises, Inc. (the “Registrant”) completed its previously announced acquisition (the “Acquisition”) of all of the issued and outstanding equity interests of LSI Group, LLC and its subsidiaries from Baker Group Holdings, LLC (the “Seller”). The purchase price for the Acquisition, which closed on January 16, 2026, was approximately $205 million, subject to closing adjustments and the potential payment of a tax equalization amount of up to $3 million. The Acquisition consideration was sourced primarily from the Registrant’s existing cash, together with borrowings under its revolving credit facilities. Other than in respect of the agreements entered into in connection with the Acquisition, there are no material relationships between Registrant and the Seller or its affiliates.
Item 7.01. Regulation FD Disclosure.
On January 16, 2026, the Registrant issued a press release announcing the closing of the Acquisition. A copy of the press release is furnished herewith as Exhibit 99.1.
The information furnished under Item 7.01 in this Current Report on Form 8-K (this “Form 8-K”), including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference in any filing made by the Registrant under the Securities Act of 1933, as amended, or the Exchange Act, except as set forth by specific reference in such filing. This Form 8-K shall not be deemed an admission as to the materiality of any information in this Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
The following exhibits are included with this Current Report on Form 8‑K:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
WORTHINGTON ENTERPRISES, INC. |
|
|
|
|
Date: |
January 16, 2026 |
By: |
/s/ Patrick J. Kennedy |
|
|
|
Patrick J. Kennedy, Vice President - General Counsel and Secretary |