---
schema_version: "secwatch.filing_event.v1"
accession: "0000352825-24-000010"
form_type: "8-K"
ticker: "FSTR"
cik: "0000352825"
company_name: "FOSTER L B CO"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:47:57.313235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# L.B. Foster enters cooperation agreement with 22NW; nominates Alexander Jones to board

## Summary
- 22NW Fund, beneficial owner of ~11% of FSTR common stock, entered a Cooperation Agreement on Jan 25, 2024.
- Alexander B. Jones (22NW VP) nominated to eight-member board, filling vacancy from Dirk Jungé's retirement due to mandatory age limit.
- Jones served as Board Observer since April 2023; will continue until election at 2024 Annual Meeting.
- 22NW agreed to customary standstill, voting (support board nominees), confidentiality, and non-disparagement through Standstill Period.
- Cooperation extends Jones' observer term if not elected; potential renomination for 2025 meeting under certain conditions.

## SEC filing metadata
- accession: 0000352825-24-000010
- form_type: 8-K
- ticker: FSTR
- cik: 0000352825
- company_name: FOSTER L B CO
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/352825/000035282524000010/0000352825-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352825/000035282524000010/fstr-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-24-000010
- JSON: https://secwatch.observer/filing/0000352825-24-000010.json
- Plain text: https://secwatch.observer/filing/0000352825-24-000010.txt

## Key facts
- Executive change
  Dirk Jungé departed as Director at FOSTER L B CO.
  - Action: not stand for reelection
  - Role: Director
  source text: Mr. Dirk Jungé, an incumbent member of the Board, will not be standing for reelection to the Board at the 2024 Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/352825/000035282524000010/0000352825-24-000010-index.htm
- Material Agreements
  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 2024-01-25).
  - Action: entry
  - Counterparty: 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: 2024-01-25
  source text: On January 25, 2024, 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, an “Investor” and collectively, the “Investor Group”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/352825/000035282524000010/0000352825-24-000010-index.htm

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