leadership
confidence high
sentiment neutral
materiality 0.55
NWPX executive VP retiring April 3; Mike Wray named successor with new change-in-control deal
NWPX Infrastructure, Inc.
- Miles Brittain, EVP, will retire on April 3, 2026; Mike Wray appointed EVP effective Jan 19, 2026.
- Wray's annual base salary increased to $450,000 effective Jan 19, 2026.
- New Change in Control Agreement extends through July 31, 2026, and increases payout multiple from 1x to 2x.
- Severance includes 2x (base salary + avg bonus over 3 years), continued benefits for 24 months, and immediate vesting of equity awards.
- Wray previously served as SVP and GM of Precast Infrastructure and Engineered Systems since Nov 2021.