| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
| CURRENT REPORT |
| Pursuant to Section 13 or 15(d) of the |
| Securities Exchange Act of 1934 |
| Date of Report (Date of earliest event reported): |
December 10, 2012 |
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| WORTHINGTON INDUSTRIES, INC. |
| (Exact Name of Registrant as Specified in its Charter) |
| Ohio |
1-8399 |
31-1189815 |
| (State or Other Jurisdiction |
(Commission |
(IRS Employer |
| of Incorporation) |
File Number) |
Identification No.) |
| 200 Old Wilson Bridge Road, Columbus, Ohio |
43085 |
| (Address of principal executive offices) |
(Zip Code) |
| Registrant’s telephone number, including area code: |
(614) 438-3210 |
|
| Not Applicable |
| (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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On December 10, 2012, the Board of Directors of Worthington Industries, Inc. (the “Company”) declared a cash dividend of $0.26 per share payable on December 28, 2012 to shareholders of record as of December 21, 2012. This dividend represents an acceleration of the dividend payments for the third and fourth quarters of fiscal 2013 of $0.13 per share for each quarter, and is in addition to the dividend to be paid on December 28, which had been declared on September 26, 2012. The total amount of the accelerated cash dividend to be paid by the Company will be approximately $18 million. The Company expects to use a combination of cash on hand and funds available through its revolving credit facilities to pay the dividend. In light of this accelerated payment, the Company does not expect to pay a cash dividend for the third and fourth quarters of fiscal 2013, which would have been paid in March 2013 and June 2013 based on historical practice.
A copy of the news release announcing the declaration of the cash dividend is included as Exhibit 99.1 to this report and is incorporated herein by reference.
| Item 9.01 |
Financial Statements and Exhibits. |
(a) – (c) Not applicable.
(d) Exhibits: The following exhibit is included with this Current Report on Form 8-K:
99.1 News Release issued by Worthington Industries, Inc. on December 10, 2012.
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: December 10, 2012 |
By: /s/Dale T. Brinkman |
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Dale T. Brinkman, Vice President- |
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Administration, General Counsel and Secretary |