A Nebraska-based maker of the poles, towers and irrigation equipment that keep cities and farms running, Valmont builds utility poles, street lights and telecom towers alongside its signature center-pivot irrigation systems, used by farmers around the world. It began in 1946 when Marine veteran Robert Daugherty used his savings to buy a small farm-machinery shop near Valley, Nebraska, and in 1954 acquired the patent for a brand-new circular watering invention. The company even takes its name from the neighboring towns of Valley and Fremont, blending the two.
Valmont Board Chair Mogens C. Bay to retire; Catherine J. Paglia to succeed as Chair
On July 27, 2026, Mogens C. Bay informed the Board of his decision to retire from the Board at the end of the Company's fiscal year, December 26, 2026.
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Catherine J. Paglia, currently Vice Chair of the Board and Lead Independent Director, will succeed Mr. Bay as Board Chair upon his retirement.
The change is reported under Item 5.02 of Form 8-K, covering departures and appointments of directors and officers.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Valmont Industries hosts Investor Day on June 16, 2026, presenting growth strategy and financial outlook.
Valmont Industries, Inc. held an Investor Day on June 16, 2026, in New York City, with a live webcast and presentation slides furnished as Exhibit 99.1.
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The presentation outlined a strategy to drive long-term profitable growth, focusing on utility, agriculture, and infrastructure markets.
Management discussed capital allocation priorities, including programmatic share repurchases and disciplined investment in high-return projects.
The company highlighted its differentiated capabilities, such as engineering expertise, manufacturing scale, and a global dealer network in agriculture.
The information was furnished under Item 7.01 Regulation FD Disclosure and is not deemed filed for SEC purposes.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Valmont Industries enters separation agreement with former CFO Thomas Liguori
On May 26, 2026, Valmont Industries entered into a separation and release agreement with Thomas Liguori, who previously served as Executive Vice President and CFO and was succeeded by John Schwietz effective April 8, 2026.
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Liguori will remain employed to provide consulting services until December 26, 2026, and will continue to receive base salary and health benefits until then.
He will receive severance equal to 20 weeks of base salary plus one week per year of service (2 weeks), his 2026 short-term incentive plan award, and performance stock unit awards under the 2024-2026 plan with accelerated vesting of 2025-2027 and 2026-2028 awards.
He is not eligible for any new incentive grants or awards, and payouts under incentive plans will be made no later than March 15, 2027.
The agreement includes confidentiality, cooperation, and restrictive covenants, and is filed as Exhibit 10.1.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Valmont reports John Schwietz's compensation as EVP, CFO and Corporate Secretary.
Valmont Industries previously reported the appointment of John Schwietz as Executive Vice President, Chief Financial Officer and Corporate Secretary.
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His compensation, approved by the Human Resources Committee, is detailed in Exhibit 99.1.
Base salary is $525,000 per year.
He participates in the 2026 Annual Incentive Plan with a target of 80% of base salary, capped at 2x bonus target.
He is eligible for a December 2026 long-term incentive stock grant with a target value of 160% of base salary.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Valmont appoints John Schwietz as EVP, CFO and Corporate Secretary, effective April 8, 2026.
Schwietz succeeds Thomas Liguori in these roles.
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John Schwietz was appointed Executive Vice President, Chief Financial Officer and Corporate Secretary, effective April 8, 2026.
Schwietz, age 44, has been with Valmont since 2009, holding roles in finance, business development, and operations.
His recent roles include President – International Agriculture (May 2024–present) and Vice President Finance, Global Utility and Renewable Generation (June 2021–August 2023).
The filing does not state a reason for the transition or any compensation terms.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Valmont Industries appoints KPMG as new auditor, dismisses Deloitte
On March 3, 2026, the Audit Committee approved KPMG LLP as the company's independent registered public accounting firm, effective for the fiscal year ending December 26, 2026, subject to KPMG's client acceptance procedures and engagement letter.
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On the same date, the Audit Committee dismissed Deloitte & Touche LLP as the company's independent registered public accounting firm.
No disagreements or reportable events occurred with Deloitte during fiscal years 2024 and 2025 or the subsequent interim period.
Deloitte's audit reports for fiscal years 2024 and 2025 were unqualified and not modified as to uncertainty, audit scope, or accounting principles.
The company provided Deloitte with a copy of the Form 8-K and requested a letter from Deloitte to the SEC, which is filed as Exhibit 16.1.
4.01 Changes in Registrant's Certifying Accountant · 9.01 Financial Statements and Exhibits