Valmont Industries Appoints New CFO
Ticker: VMI · Form: 8-K · Filed: Aug 22, 2024 · CIK: 102729
Sentiment: neutral
Topics: executive-appointment, cfo, personnel-change
TL;DR
Valmont Industries names Mark Ragain as new CFO, starting Aug 26th. Big salary, equity potential.
AI Summary
Valmont Industries, Inc. announced on August 22, 2024, the appointment of Mark J. Ragain as Senior Vice President and Chief Financial Officer, effective August 26, 2024. Ragain will receive an annual base salary of $475,000 and will be eligible for annual incentive compensation and long-term equity awards. He previously served as Executive Vice President and Chief Financial Officer at Pactiv Evergreen Inc.
Why It Matters
The appointment of a new Chief Financial Officer is a significant leadership change that can impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns a routine executive appointment and does not involve significant financial transactions or strategic shifts.
Key Numbers
- $475,000 — CFO Annual Base Salary (This is the starting base salary for the newly appointed CFO, Mark J. Ragain.)
Key Players & Entities
- Valmont Industries, Inc. (company) — Registrant
- Mark J. Ragain (person) — Appointed Senior Vice President and Chief Financial Officer
- August 26, 2024 (date) — Effective date of appointment
- $475,000 (dollar_amount) — Annual base salary for new CFO
- Pactiv Evergreen Inc. (company) — Previous employer of new CFO
FAQ
Who has been appointed as the new Senior Vice President and Chief Financial Officer of Valmont Industries, Inc.?
Mark J. Ragain has been appointed as the new Senior Vice President and Chief Financial Officer.
When is Mark J. Ragain's appointment as CFO effective?
Mark J. Ragain's appointment is effective August 26, 2024.
What is Mark J. Ragain's annual base salary?
Mark J. Ragain's annual base salary is $475,000.
What was Mark J. Ragain's previous role?
Mark J. Ragain previously served as Executive Vice President and Chief Financial Officer at Pactiv Evergreen Inc.
Will Mark J. Ragain be eligible for incentive compensation?
Yes, Mark J. Ragain will be eligible for annual incentive compensation and long-term equity awards.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-08-22 08:29:55
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value VMI New York Stock Exchan
Filing Documents
- vmi-20240822x8k.htm (8-K) — 38KB
- vmi-20240822xex99d1.htm (EX-99.1) — 8KB
- 0000102729-24-000043.txt ( ) — 162KB
- vmi-20240822.xsd (EX-101.SCH) — 3KB
- vmi-20240822_lab.xml (EX-101.LAB) — 15KB
- vmi-20240822_pre.xml (EX-101.PRE) — 10KB
- vmi-20240822x8k_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Exhibit No. Description 99.1 Thomas Liguori Compensation Summary 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: August 22, 2024 By: /s/ TIMOTHY P. FRANCIS Name: Timothy P. Francis Title: Chief Accounting Officer