Worthington Enterprises, Inc 8-K, filed Jan 14, 2021
Worthington Enterprises, Inc. (WOR)
About this 8-K
Worthington Enterprises, Inc filed this 8-K on January 14, 2021, reporting on events of January 13, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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).
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Emerging growth company |
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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. |
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Item 8.01. Other Events.
On January 13, 2021, WI Ventures, LLC, a wholly-owned subsidiary of Worthington Industries, Inc. (“WI Ventures”), sold its remaining 7,048,020 shares of Nikola Corporation common stock for net pre-tax cash proceeds of $146,590,000, generating a pre-tax gain of $2,740,000. After this transaction, WI Ventures no longer owns any shares of Nikola Corporation common stock.
SIGNATURE
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.
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WORTHINGTON INDUSTRIES, INC. |
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Date: January 14, 2021 |
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By: |
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/s/Patrick J. Kennedy |
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Patrick J. Kennedy, Vice President-General Counsel & Secretary |
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