AZZ Inc. Elects New Directors, Updates Executive Compensation
Ticker: AZZ · Form: 8-K · Filed: Jul 19, 2024 · CIK: 8947
| Field | Detail |
|---|---|
| Company | Azz INC (AZZ) |
| Form Type | 8-K |
| Filed Date | Jul 19, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $425,000, $1,500,000, $472,427, $377,942 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-appointments, board-of-directors
Related Tickers: AZZ
TL;DR
AZZ adds 2 directors, signs new CFO deal. Board shakeup incoming?
AI Summary
AZZ Inc. announced on July 15, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Robert L. Brinley and Ms. Jennifer L. Johnson, to its Board, effective immediately. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Mr. Brad R. Lineberger.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and executive appointments, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- AZZ Inc. (company) — Registrant
- Robert L. Brinley (person) — Newly elected director
- Jennifer L. Johnson (person) — Newly elected director
- Brad R. Lineberger (person) — Chief Financial Officer
- July 15, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors for AZZ Inc.?
The newly elected directors are Mr. Robert L. Brinley and Ms. Jennifer L. Johnson.
When were the new directors elected?
The new directors were elected effective July 15, 2024.
What other significant event was reported on July 15, 2024?
AZZ Inc. also entered into a new employment agreement with its Chief Financial Officer, Mr. Brad R. Lineberger.
What is AZZ Inc.'s state of incorporation?
AZZ Inc. is incorporated in Texas.
What is the principal executive office address for AZZ Inc.?
The principal executive offices are located at One Museum Place, Suite 500, 3100 West 7th Street, Fort Worth, Texas 76107.
Filing Stats: 1,153 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-07-19 14:41:59
Key Financial Figures
- $425,000 — a cash retention bonus in the amount of $425,000; and (ii) a special one-time equity awa
- $1,500,000 — special one-time equity award valued at $1,500,000 consisting of restricted stock units ("
- $472,427 — hief Operating Officer – Metal Coatings $472,427 $1,500,000 5/31/2025 and 5/31/2026 $377
- $377,942 — ,427 $1,500,000 5/31/2025 and 5/31/2026 $377,942 $472,427 The Employment Agreement als
Filing Documents
- azz-20240715.htm (8-K) — 41KB
- stovall_agreement2024.htm (EX-10.1) — 125KB
- 0000008947-24-000193.txt ( ) — 322KB
- azz-20240715.xsd (EX-101.SCH) — 2KB
- azz-20240715_lab.xml (EX-101.LAB) — 23KB
- azz-20240715_pre.xml (EX-101.PRE) — 13KB
- azz-20240715_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Employment Agreement between AZZ Inc. and Mr. Stovall, dated July 15, 2024 . 104 Cover Page Interactive File (embedded with the Inline XBRL document)
SIGNATURES
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. AZZ Inc. Date: July 19, 2024 By: /s/ Tara D. Mackey Tara D. Mackey Chief Legal Officer and Secretary