Valmont Industries Adds Two Directors to Board
Ticker: VMI · Form: 8-K · Filed: Jun 13, 2024 · CIK: 102729
Sentiment: neutral
Topics: board-composition, governance, executive-compensation
Related Tickers: VMI
TL;DR
Valmont adds 2 directors to the board, effective immediately.
AI Summary
Valmont Industries, Inc. announced on June 7, 2024, the election of two new directors, Ms. Sarah L. K. Nelson and Mr. David B. Singer, to its Board of Directors, effective immediately. The company also reported on compensatory arrangements for its executive officers. These changes are effective as of June 7, 2024.
Why It Matters
The addition of new directors can signal strategic shifts or a focus on specific expertise, potentially impacting the company's future direction and governance.
Risk Assessment
Risk Level: low — This filing primarily concerns board composition and executive compensation, which are routine corporate governance matters.
Key Players & Entities
- Valmont Industries, Inc. (company) — Registrant
- Sarah L. K. Nelson (person) — Newly elected director
- David B. Singer (person) — Newly elected director
- June 7, 2024 (date) — Effective date of director elections
FAQ
Who are the newly elected directors to Valmont Industries' Board?
Ms. Sarah L. K. Nelson and Mr. David B. Singer were elected to the Board of Directors.
When were the new directors elected?
The new directors were elected effective June 7, 2024.
What other information is reported in this 8-K filing?
The filing also reports on compensatory arrangements of certain officers.
What is the principal executive office address for Valmont Industries?
The principal executive offices are located at 15000 Valmont Plaza, Omaha, NE 68154.
What is Valmont Industries' fiscal year end?
Valmont Industries' fiscal year ends on December 28.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-06-12 17:53:21
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value VMI New York Stock Exchan
Filing Documents
- vmi-20240607x8k.htm (8-K) — 40KB
- vmi-20240607xex10d1.htm (EX-10.1) — 85KB
- 0000102729-24-000028.txt ( ) — 261KB
- vmi-20240607.xsd (EX-101.SCH) — 3KB
- vmi-20240607_lab.xml (EX-101.LAB) — 15KB
- vmi-20240607_pre.xml (EX-101.PRE) — 10KB
- vmi-20240607x8k_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Exhibit No. Description 10.1 Separation and Release Agreement between Aaron M. Schapper and Valmont Industries, Inc. dated June 7, 2024. 104 Cover Page Interactive File (the cover page XBRL tags are embedded in 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. Valmont Industries, Inc. Date: June 12, 2024 By: /s/ TIMOTHY P. FRANCIS Name: Timothy P. Francis Title: Interim Chief Financial Officer