secwatch.observer — SEC 8-K summary
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Issuer:     VALMONT INDUSTRIES INC (VMI)
CIK:        0000102729
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000102729-22-000072
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102729/000010272922000072/0000102729-22-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102729/000010272922000072/vmi-20221101x8k.htm
  HTML page:      https://secwatch.observer/filing/0000102729-22-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer