---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028913"
form_type: "8-K"
ticker: "NWPX"
cik: "0001001385"
company_name: "NWPX Infrastructure, Inc."
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T05:54:13.019876+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Northwest Pipe approves 2023 STI bonus plan; updates bylaws for universal proxy rules

## Summary
- CEO 2023 target bonus 100% of base salary, max 200%; CFO and EVP target 60%, max 120%; other NEOs target 50%, max 100%.
- 2023 STI performance goals tied to income before income taxes and safety performance.
- Bylaws amended to comply with SEC universal proxy rules; enhanced shareholder nomination and disclosure requirements.
- Standard indemnification agreements approved for directors and Section 16 officers.

## SEC filing metadata
- accession: 0001437749-22-028913
- form_type: 8-K
- ticker: NWPX
- cik: 0001001385
- company_name: NWPX Infrastructure, Inc.
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001385/000143774922028913/0001437749-22-028913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001385/000143774922028913/nwpx20221207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028913
- JSON: https://secwatch.observer/filing/0001437749-22-028913.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028913.txt

## Key facts
- Governance Changes
  NWPX Infrastructure, Inc.: Amended and restated bylaws to address universal proxy rules, enhance procedural mechanics for shareholder nominations, and incorporate virtual meeting language (effective 2022-12-06).
  - Change: bylaw amendment
  - Effective: 2022-12-06
  source text: On December 6, 2022, in connection with the new United States Securities and Exchange Commission (“SEC”) rules regarding universal proxy cards, the Board of the Company approved the Company’s Amended and Restated Bylaws (the “Bylaws”), effectively immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001385/000143774922028913/0001437749-22-028913-index.htm

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