---
schema_version: "secwatch.filing_event.v1"
accession: "0000102729-23-000050"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T06:57:06.425723+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valmont elects Avner Applbaum as CEO; base salary $950K, bonus 110% of base

## Summary
- Avner Applbaum appointed President & CEO effective July 10, 2023; also joined Board on July 31, 2023.
- New CEO compensation: $950K base salary, target bonus 110% of base (prorated for 2023), LTI target 207.5% of base.
- Applbaum granted 1,804 performance shares (2023-2025 plan), options for 3,661 shares at $264.75, and 1,133 RSUs.
- Aaron Schapper named Group President Agriculture & Chief Strategy Officer effective July 31, 2023.
- Schapper received 9,442 performance-based RSUs tied to 2024 and 2025 global irrigation ROIC and operating income.

## SEC filing metadata
- accession: 0000102729-23-000050
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000010272923000050/0000102729-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000010272923000050/vmi-20230731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102729-23-000050
- JSON: https://secwatch.observer/filing/0000102729-23-000050.json
- Plain text: https://secwatch.observer/filing/0000102729-23-000050.txt

## Key facts
- Executive change
  Avner Applbaum was appointed as Director at VALMONT INDUSTRIES INC.
  - Action: designated
  - Role: Director
  source text: On July 31, 2023, the Board of Directors designated Mr. Applbaum as a member of the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272923000050/0000102729-23-000050-index.htm
- Executive change
  Avner Applbaum was elected as President and Chief Executive Officer at VALMONT INDUSTRIES INC.
  - Action: elected
  - Role: President and Chief Executive Officer
  source text: The Board of Directors of Valmont Industries, Inc. elected Avner Applbaum as President and Chief Executive Officer on July 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272923000050/0000102729-23-000050-index.htm
- Executive change
  Aaron Schapper was appointed as Group President Agriculture and Chief Strategy Officer at VALMONT INDUSTRIES INC.
  - Action: became
  - Role: Group President Agriculture and Chief Strategy Officer
  source text: Aaron Schapper became Group President Agriculture and Chief Strategy Officer effective July 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272923000050/0000102729-23-000050-index.htm

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