Short answer
FOSTER L B CO (FSTR) filed an 8-K current report with the SEC on May 21, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CFO succession effective June 1, 2026: Sean Reilly succeeds William Thalman, supporting internal continuity in financial leadership.
FOSTER L B CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO succession effective June 1, 2026: Sean Reilly succeeds William Thalman, supporting internal continuity in financial leadership
- Thalman becomes COO after serving as CFO since June 2023, shifting a finance executive into operations oversight
- Reilly receives $373,000 salary and 50% target bonus, plus $35,200 RSUs and $52,800 target PSUs
- Thalman receives $510,000 salary and 75% target bonus, plus $44,400 RSUs and $66,600 target PSUs
- Timothy Curran becomes Controller and Principal Accounting Officer with $250,000 salary and change-in-control severance eligibility
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