---
schema_version: "secwatch.filing_event.v1"
accession: "0000102729-22-000072"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T07:41:27.041475+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000102729-22-000072
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000010272922000072/0000102729-22-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000010272922000072/vmi-20221101x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102729-22-000072
- JSON: https://secwatch.observer/filing/0000102729-22-000072.json
- Plain text: https://secwatch.observer/filing/0000102729-22-000072.txt

## Key facts
- Executive change
  Eugene Padgett was appointed as Chief Accounting Officer at VALMONT INDUSTRIES INC.
  - Action: appointed
  - Role: Chief Accounting Officer
  source text: On November 1, 2022, the Board of Directors of Valmont Industries, Inc. appointed Eugene Padgett as Chief Accounting Officer of Valmont Industries, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272922000072/0000102729-22-000072-index.htm
- Executive change
  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
  source text: Mr. Francis has accepted a new role within Valmont as Valmont’s SVP & Finance Business Partner - Global Operation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272922000072/0000102729-22-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.