---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-086528"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:03:43.461721+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Valmont finalizes CEO Kaniewski separation; cash severance $648,937, benefits through Dec 2023

## Summary
- Former CEO Stephen Kaniewski to provide consulting services until Dec 30, 2023; receives base salary and health benefits during transition.
- Cash severance: 16 weeks base salary ($346,103) plus 14 weeks service pay ($302,834) = $648,937 lump sum on Dec 29, 2023.
- Certain RSUs and stock options vest on original Dec 2023 schedule; unvested awards forfeited.
- Eligible for prorated bonuses under 2023 STIP and 2022-2024/2023-2025 LTIP based on performance goals.

## SEC filing metadata
- accession: 0001104659-23-086528
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000110465923086528/0001104659-23-086528-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000110465923086528/tm2322571d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-086528
- JSON: https://secwatch.observer/filing/0001104659-23-086528.json
- Plain text: https://secwatch.observer/filing/0001104659-23-086528.txt

## Key facts
- Executive change
  Stephen G. Kaniewski departed as President and Chief Executive Officer at VALMONT INDUSTRIES INC.
  - Action: succeeded
  - Role: President and Chief Executive Officer
  source text: As reported by Valmont Industries, Inc. in its Current Report on Form 8-K dated July 11, 2023, Avner Applbaum succeeded Stephen G. Kaniewski as President and Chief Executive Officer on July 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000110465923086528/0001104659-23-086528-index.htm

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