Apogee Enterprises APOG
Apogee Enterprises extends CEO's term
Item 5.02 Executive or director change
- Form
- 8-K
- Filed
- Importance
- Major
- Accession
- 0000006845-26-000105
- CEO Donald A. Nolan's term extended to April 30, 2027
- Base salary of $925,000 continues during extended term
- Eligible for $250,000 transition bonus and $25,000 travel payment
Written from the 8-K on EDGAR. Check the filing before you rely on it.
The reading, claim by claim
- Nolan's employment as Chief Executive Officer and Executive Chair.
- During the extended term, Mr. Nolan will continue to receive a base salary of $925,000 annually.
- The filing also includes an extension letter between the company and Mr. Nolan, dated October 29, 2026, and an interactive data file.
- The company's Vice President, General Counsel, and Secretary signed the report on November 2, 2026.
4 of 8 claims matched the filing text.
Not found in the filing text
- The extension runs from November 1, 2026, through April 30, 2027, as approved by the Board of Directors.
- In its 10-Q filing for the quarter ended August 29, 2026, Apogee Enterprises reported revenue of $391.1 million and net income of $22.4 million.
- The company's gross margin was 24.6%, with an operating margin of 8.6% and a net margin of 5.7%.
- Revenue increased by 9.2% compared to the previous year.
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; App
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
On October 29, 2026, the Compensation Committee (the "Compensation Committee") of the Board of Directors (the "Board") of Apogee Enterprises, Inc. (the "Company") approved the compensation terms described below and recommended that the Board approve an extension of the employment term of Donald A. Nolan, the Company's Chief Executive Officer and Executive Chair. The Board subsequently approved an extension of Mr. Nolan's employment from November 1, 2026 through April 30, 20271 (the "Extended Term"), pursuant to an extension letter between the Company and Mr. Nolan (the "Extension Letter"). Mr. Nolan's existing employment term was scheduled to expire on October 31, 2026.
The Board continues to conduct a search for the Company's next long-term Chief Executive Officer. The extension of Mr. Nolan's employment is intended to provide continuity of leadership while the Board completes the process.
During the Extended Term, Mr. Nolan will continue to receive an annualized base salary of $925,0002. Mr. Nolan will also be eligible to receive (i) a transition bonus of up to $250,000, as determined by the Compensation Committee based on his performance in supporting the successful transition to a permanent Chief Executive Officer; (ii) a one-time cash payment of $25,000 for travel and lodging expenses; and (iii) monthly grants of time-based restricted stock units at an annualized target grant-date value of $1,750,000, prorated for the period during which Mr. Nolan continues to serve as Chief Executive Officer during the Extended Term, with each monthly grant having a target grant-date value of $145,834, subject to the terms of the Company's 2019 Stock Incentive Plan, as Amended and Restated (2026), and applicable equity award policies.
Each restricted stock unit award will vest on the first anniversary of its grant date,
Item 9.01 Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Extension Letter between Apogee Enterprises, Inc. and Donald A. Nolan, dated October 29, 20263
104 Cover page interactive data file (formatted in inline XBRL)3.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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