L.B. Foster names John F. Kasel CEO as Robert P. Bauer retires; details compensation

FOSTER L B CO

John F. Kasel appointed President and CEO, effective July 21, 2021; base salary $550,000.
Kasel receives 3,037 restricted stock shares (vesting 1/3 each Feb 2022-2024) and 5,896 performance share units.
Outgoing CEO Robert P. Bauer becomes Senior Advisor through Dec 31, 2021, at $526,461 annual salary.
Bauer gets accelerated vesting of restricted stock, pro-rata PSUs, 2021 cash bonus if earned, and SERP early retirement.
Bauer's retirement subject to release of claims and non-compete/non-solicitation covenants.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John F. Kasel

Director

FSTR · FOSTER L B CO

Effective: 2021-07-21
Filed: July 23, 2021, 7:59 PM ET

ent and Chief Executive Officer and as a director, each effective on the Effective Date.

Appointed

John F. Kasel

President and Chief Executive Officer

FSTR · FOSTER L B CO

Effective: 2021-07-21
Filed: July 23, 2021, 7:59 PM ET

In connection with Mr. Kasel's appointment as the Company's President and Chief Executive Officer

Departed

Robert P. Bauer

Chief Executive Officer

FSTR · FOSTER L B CO

Effective: 2021-07-21
Successor: John F. Kasel
Filed: July 23, 2021, 7:59 PM ET

In connection with his upcoming retirement, Mr. Bauer and the Company entered into a Retirement Agreement

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

John F. Kasel was appointed as Director at FOSTER L B CO.

Action: appointed
Role: Director

Exact text from the filing

ent and Chief Executive Officer and as a director, each effective on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John F. Kasel was appointed as President and Chief Executive Officer at FOSTER L B CO.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

In connection with Mr. Kasel's appointment as the Company's President and Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Robert P. Bauer retired as Chief Executive Officer at FOSTER L B CO.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

In connection with his upcoming retirement, Mr. Bauer and the Company entered into a Retirement Agreement

View on SEC.gov

FOSTER L B CO filing history →

Source: SEC EDGAR

accession 0000352825-21-000044

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