secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0000352825-21-000071
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L.B. Foster appoints Sean Reilly as Controller and principal accounting officer effective Jan 10, 2022
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- Sean M. Reilly, 49, previously VP Finance at Kennametal's Metal Cutting Division (over $1B sales), appointed Controller and principal accounting officer.
- Base salary of $250,000 with 2022 cash bonus target of 35% of base salary ($87,500).
- Eligible for Long Term Incentive Plan of $100,000 (34% restricted stock, 66% performance share units).
- Granted 10,000 restricted shares vesting in one-third increments over three years.
- Also receives D&O insurance, SERP, car allowance, and separation benefits under Key Employee Separation Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282521000071/0000352825-21-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282521000071/fstr-20211221.htm
  HTML page:      https://secwatch.observer/filing/0000352825-21-000071

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