{"schema_version":"secwatch.filing_event.v1","accession":"0000352825-23-000047","form_type":"8-K","ticker":"FSTR","cik":"0000352825","company_name":"FOSTER L B CO","filed_at":"2023-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.806923+00:00","generated_at":"2026-06-17T04:47:44.162888+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"L.B. Foster enters cooperation agreement with 22NW Fund; grants board observer seat to Alexander Jones","bullets":["Agreement with 22NW Fund (9.3% owner) appoints Alexander B. Jones as non-voting board observer effective immediately.","Investor group agrees to standstill through 2024 annual meeting; votes in favor of board nominees and company proposals.","Company reimburses investor group up to $18,000 in legal fees; observer rights end if ownership falls below 5%.","Standstill prohibits investor group from acquiring over 15% of shares, soliciting proxies, or seeking control without board consent."],"urls":{"canonical":"https://secwatch.observer/filing/0000352825-23-000047","json":"https://secwatch.observer/filing/0000352825-23-000047.json","markdown":"https://secwatch.observer/filing/0000352825-23-000047.md","text":"https://secwatch.observer/filing/0000352825-23-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/352825/000035282523000047/0000352825-23-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/352825/000035282523000047/fstr-20230406.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:47:44.162888+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5efc2bd9450e45d46bc3ae4f0fdb71b4878f6f8f","claim":"FOSTER L B CO entered into Cooperation Agreement with 22NW Fund, LP, 22NW, LP, 22NW Fund GP, LLC, 22NW GP, Inc., Mr. Aron R. English, Mr. Bryson O. Hirai-Hadley, and Mr. Alexander B. Jones (effective 2023-04-06).","evidence_excerpt":"On April 6, 2023, L. B. Foster Company, a Pennsylvania corporation (the “Company”), entered into a Cooperation Agreement (the “Cooperation Agreement”) with 22NW Fund, LP, 22NW, LP, 22NW Fund GP, LLC, 22NW GP, Inc., Mr. Aron R. English, Mr. Bryson O. Hirai-Hadley, and Mr. Alexander B. Jones (each, and “Investor” and collectively, the “Investor Group”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/352825/000035282523000047/0000352825-23-000047-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"22NW Fund, LP, 22NW, LP, 22NW Fund GP, LLC, 22NW GP, Inc., Mr. Aron R. English, Mr. Bryson O. Hirai-Hadley, and Mr. Alexander B. Jones"},{"label":"Effective","value":"2023-04-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}