Short answer
NWPX Infrastructure, Inc. (NWPX) filed an 8-K current report with the SEC on March 17, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 8.01 (Other Events). CEO Montross granted 17,068 PSUs + 5,689 RSUs; CFO Wilkins 4,775 PSUs + 1,592 RSUs; all NEOs receive 75%/25% PSU/RSU split of long-term incentive award.
NWPX Infrastructure, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Montross granted 17,068 PSUs + 5,689 RSUs; CFO Wilkins 4,775 PSUs + 1,592 RSUs; all NEOs receive 75%/25% PSU/RSU split of long-term incentive award
- PSUs vest in 3 equal installments (Mar 2027–2029) tied to EBITDA margin performance; actual vesting can exceed or fall below target
- NEO employment agreements effective Mar 30, 2026: Montross $815K base, Wilkins $495K, Wray $450K, Stokes $410K; 2-year initial term with auto-renewal
- Termination without Cause outside Change in Control triggers 1x base salary + target STI bonus; RSUs and PSUs fully forfeited in that scenario
- EVP Miles Brittain retiring Apr 3, 2026; transitions to part-time consultant at $175K/year for 3-year term; unvested RSUs preserved through Jan 2028 but all PSUs forfeited
Item 8.01 · Other Events
- Jesus Tanguis, 47, elevated to corporate officer status effective March 12, 2026, overseeing Precast Infrastructure and Engineered Systems
- Brings 7+ years VP-level experience at Minova Global in civil infrastructure across Americas and Latin America
- Compensation includes incentive pay, equity awards, and benefits in line with other executive officers
- 2026 Annual Meeting set for June 10, 2026; shareholder record date April 9, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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