secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0000792987-24-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astec adds two independent directors; board expands to 11
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- William Bradley Southern retired from the board effective January 18, 2024, with no disagreement.
- Patrick S. Shannon and Jeffrey T. Jackson appointed as new independent directors effective same date.
- Board size increased to 11 directors, 10 of whom are independent.
- Shannon will serve on Audit Committee; Jackson on Compensation Committee.
- Shannon is former CFO of Allegion (ALLE); Jackson is CEO of PGT Innovations (PGTI).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000003/0000792987-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000003/aste-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000792987-24-000003

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