---
schema_version: "secwatch.filing_event.v1"
accession: "0000352825-21-000044"
form_type: "8-K/A"
ticker: "FSTR"
cik: "0000352825"
company_name: "FOSTER L B CO"
filed_at: "2021-07-23T23:59:59+00:00"
generated_at: "2026-06-30T03:03:33.474947+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000352825-21-000044
- form_type: 8-K/A
- ticker: FSTR
- cik: 0000352825
- company_name: FOSTER L B CO
- filed_at: 2021-07-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/352825/000035282521000044/0000352825-21-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352825/000035282521000044/fstr-20210723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-21-000044
- JSON: https://secwatch.observer/filing/0000352825-21-000044.json
- Plain text: https://secwatch.observer/filing/0000352825-21-000044.txt

## Key facts
- Executive change
  John F. Kasel was appointed as Director at FOSTER L B CO.
  - Action: appointed
  - Role: Director
  source text: ent and Chief Executive Officer and as a director, each effective on the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/352825/000035282521000044/0000352825-21-000044-index.htm
- Executive change
  John F. Kasel was appointed as President and Chief Executive Officer at FOSTER L B CO.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: In connection with Mr. Kasel's appointment as the Company's President and Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/352825/000035282521000044/0000352825-21-000044-index.htm
- Executive change
  Robert P. Bauer retired as Chief Executive Officer at FOSTER L B CO.
  - Action: retired
  - Role: Chief Executive Officer
  source text: In connection with his upcoming retirement, Mr. Bauer and the Company entered into a Retirement Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/352825/000035282521000044/0000352825-21-000044-index.htm

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