secwatch.observer — SEC 8-K summary
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Issuer:     VALMONT INDUSTRIES INC (VMI)
CIK:        0000102729
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0000102729-24-000043
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valmont appoints Thomas Liguori (formerly Avnet CFO) as EVP and CFO effective August 22, 2024
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- Thomas Liguori, 66, joins as EVP and CFO; previously CFO of Avnet (2018-2022) and Fortna LLC.
- Base salary $650,000 per year; target annual bonus 80% of base salary (capped at 2x).
- LTIP target 80% of base salary; stock grant eligibility Dec 2024 with target value 160% of base salary.
- New hire equity grant of $160,000 in RSUs vesting 1/3 per year over three years.
- Timothy P. Francis, interim CFO since July 2023, continues as Chief Accounting Officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102729/000010272924000043/0000102729-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102729/000010272924000043/vmi-20240822x8k.htm
  HTML page:      https://secwatch.observer/filing/0000102729-24-000043

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