secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K/A
Filed at:   2021-07-23T23:59:59+00:00
Accession:  0000352825-21-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282521000044/0000352825-21-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282521000044/fstr-20210723.htm
  HTML page:      https://secwatch.observer/filing/0000352825-21-000044

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