Valmont finalizes separation with Group President Agriculture; $475K severance

VALMONT INDUSTRIES INC

Aaron Schapper's last day as Group President, Agriculture & CSO was May 10, 2024; advisory role through Dec. 28, 2024.
Cash severance of $475,437 (33 weeks base pay) plus prorated short- and long-term incentive payouts.
Retains vesting of specific RSUs, stock options, and performance-based RSUs; health benefits through Separation Date.
One-year non-solicitation of customers/employees, confidentiality, and mutual non-disparagement agreed.
Forfeits all unvested equity not specified; ineligible for new incentive grants.

item 5.02 item 9.01

Executive movements

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Departed

Aaron M. Schapper

Group President, Agriculture and Chief Strategy Officer

VMI · VALMONT INDUSTRIES INC

Effective: 2024-05-10
Filed: June 13, 2024, 7:59 PM ET

As reported by Valmont Industries, Inc. (the “Company”) in its Current Report on Form 8-K dated May 10, 2024, the Company and Aaron M. Schapper agreed that Mr. Schapper would transition out of his role as Group President, Agriculture and Chief Strategy Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron M. Schapper changed role as Group President, Agriculture and Chief Strategy Officer at VALMONT INDUSTRIES INC.

Action: transitioned
Role: Group President, Agriculture and Chief Strategy Officer

Exact text from the filing

As reported by Valmont Industries, Inc. (the “Company”) in its Current Report on Form 8-K dated May 10, 2024, the Company and Aaron M. Schapper agreed that Mr. Schapper would transition out of his role as Group President, Agriculture and Chief Strategy Officer.

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Source: SEC EDGAR

accession 0000102729-24-000028

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