leadership
confidence high
sentiment neutral
materiality 0.70
Trex CEO Bryan Fairbanks to retire April 28; Adam Zambanini named successor
TREX CO INC
- Bryan Fairbanks resigns as President/CEO and director effective April 28, 2026; no disagreement with company.
- Adam Zambanini (current EVP & COO) appointed President/CEO and board member, effective April 28, 2026.
- Zambanini's new compensation: $900,000 salary, 110% target annual incentive, 450% equity target.
- Fairbanks will support transition through April 27, then serve as consultant for up to 12 months at $16,666/month.
- Separate earnings release for Q4/FY2025 issued today; not detailed in this 8-K filing.