Valmont Industries : Management Change/Compensation - Form 8-K
November 22, 2023 at 06:04 am EST
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 16, 2023, Eugene Padgett notified Valmont Industries, Inc. of his decision to resign as Chief Accounting Officer effective December 8, 2023 to pursue other opportunities and to relocate closer to family. Mr. Padgett's decision to resign as Chief Accounting Officer is not related to the operations, policies, or practices of the company or any issues regarding accounting policies or practices.
Timothy P. Francis, current Interim Chief Financial Officer, will also serve as Chief Accounting Officer until the company makes a permanent appointment to the position. Mr. Francis, age 46, served as Senior Vice President and Finance Business Partner, Global Operations since June 2022 until his appointment as interim Chief Financial Officer in July 2023. He served as Senior Vice President, Controller and Chief Accounting Officer from June 2014 until Mr. Padgett's appointment in November 2022.
Valmont Industries Inc. published this content on 22 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2023 11:02:14 UTC.
Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets. The Company operates through two segments: Infrastructure and Agriculture. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, solar, lighting, transportation, and telecommunications, along with coatings services to protect metal products. Its Infrastructure segment is comprised of five primary product lines: Transmission, Distribution, and Substation (TD&S); Lighting and Transportation (L&T); Coatings; Telecommunications, and Solar. The Agriculture segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.
VALMONT INDUSTRIES, INC. 
