Valmont appoints Eugene Padgett as Chief Accounting Officer, effective Nov 1, 2022

VALMONT INDUSTRIES INC

Eugene Padgett named CAO, succeeding Tim P. Francis who becomes SVP & Finance Business Partner - Global Operations.
Padgett previously SVP & CAO of DXP Enterprises; 25 years of experience in energy and manufacturing.
Base salary $335,000; target bonus 50% of base; LTIP target 80% of base; sign-on bonus $75,000.
New hire equity replacement of ~$25,000 in RSUs with three-year graded vesting.
Full relocation package provided; stock ownership guideline of 1.5x base salary.

item 5.02 item 9.01

Executive movements

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Appointed

Eugene Padgett

Chief Accounting Officer

VMI · VALMONT INDUSTRIES INC

Effective: 2022-11-01
Filed: November 3, 2022, 7:59 PM ET

On November 1, 2022, the Board of Directors of Valmont Industries, Inc. appointed Eugene Padgett as Chief Accounting Officer of Valmont Industries, Inc.

Role change

Tim P. Francis

SVP & Finance Business Partner - Global Operation

VMI · VALMONT INDUSTRIES INC

Effective: 2022-11-01
Successor: Eugene Padgett
Filed: November 3, 2022, 7:59 PM ET

Mr. Francis has accepted a new role within Valmont as Valmont’s SVP & Finance Business Partner - Global Operation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eugene Padgett was appointed as Chief Accounting Officer at VALMONT INDUSTRIES INC.

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

On November 1, 2022, the Board of Directors of Valmont Industries, Inc. appointed Eugene Padgett as Chief Accounting Officer of Valmont Industries, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tim P. Francis changed role as SVP & Finance Business Partner - Global Operation at VALMONT INDUSTRIES INC.

Action: accepted a new role
Role: SVP & Finance Business Partner - Global Operation

Exact text from the filing

Mr. Francis has accepted a new role within Valmont as Valmont’s SVP & Finance Business Partner - Global Operation.

View on SEC.gov

VALMONT INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000102729-22-000072

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