---
schema_version: "secwatch.filing_event.v1"
accession: "0000102729-23-000016"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T19:54:42.323623+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valmont increases quarterly dividend 9% to $0.60, authorizes $400M share repurchase

## Summary
- Dividend increased to $0.60/share quarterly ($2.40 annualized), up 9% from $0.55; payable April 14, 2023 to holders of record March 31, 2023.
- Board reauthorized up to $400M in share repurchases, effective after current authorization ($81M remaining as of Dec 31, 2022) is completed; no expiration date.
- Company had record financial performance in 2022 with strong cash flow generation, per CEO.
- Director Clark T. Randt to retire at April 2023 annual meeting; Ritu Favre moved to class with term expiring 2023 to balance board classes.

## SEC filing metadata
- accession: 0000102729-23-000016
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000010272923000016/0000102729-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000010272923000016/vmi-20230227x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102729-23-000016
- JSON: https://secwatch.observer/filing/0000102729-23-000016.json
- Plain text: https://secwatch.observer/filing/0000102729-23-000016.txt

## Key facts
- Executive change
  Clark T. Randt departed as member of the board of directors at VALMONT INDUSTRIES INC.
  - Action: retire
  - Role: member of the board of directors
  source text: Clark T. Randt, a member of the board of directors of Valmont Industries, Inc., will retire at the company’s 2023 Annual Meeting of Shareholders in April 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272923000016/0000102729-23-000016-index.htm

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