---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028291"
form_type: "8-K"
ticker: "IIIN"
cik: "0000764401"
company_name: "INSTEEL INDUSTRIES INC"
filed_at: "2022-12-02T23:59:59+00:00"
generated_at: "2026-06-21T10:31:48.109997+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Insteel CFO Mark Carano resigns; Scot Jafroodi named new CFO effective Jan 2, 2023

## Summary
- Mark A. Carano resigns as SVP, CFO and Treasurer effective Dec 30, 2022 to pursue other employment; no disagreement with company practices.
- Scot R. Jafroodi, previously VP Corporate Controller and CAO, named CFO effective Jan 2, 2023; will also continue as CAO initially.
- Jafroodi receives base salary of $310,000, annual target bonus 60% of base, and equity awards with grant-date value of $250,000 (50% RSUs, 50% options).
- Jafroodi has executed Insteel's standard Retirement Security Agreement and Change in Control Severance Agreement.

## SEC filing metadata
- accession: 0001437749-22-028291
- form_type: 8-K
- ticker: IIIN
- cik: 0000764401
- company_name: INSTEEL INDUSTRIES INC
- filed_at: 2022-12-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764401/000143774922028291/0001437749-22-028291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764401/000143774922028291/iiin20221130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028291
- JSON: https://secwatch.observer/filing/0001437749-22-028291.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028291.txt

## Key facts
- Executive change
  Scot R. Jafroodi was appointed as Chief Financial Officer at INSTEEL INDUSTRIES INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Scot R. Jafroodi, the Company’s Vice President, Corporate Controller and Chief Accounting Officer, was named as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764401/000143774922028291/0001437749-22-028291-index.htm
- Executive change
  Mark A. Carano resigned as Senior Vice President, Chief Financial Officer and Treasurer at INSTEEL INDUSTRIES INC.
  - Action: resigned
  - Role: Senior Vice President, Chief Financial Officer and Treasurer
  source text: Mark A. Carano, Insteel’s Senior Vice President, Chief Financial Officer and Treasurer, has submitted his resignation from the Company to pursue employment with another company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764401/000143774922028291/0001437749-22-028291-index.htm

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