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Get filing alertsApogee elects two independent directors with public-company CEO experience
Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read
Key Changes
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Board elected Joseph Hayek (Worthington Enterprises CEO) as Class II director through 2027 and Suresh Krishna (Proto Labs CEO) as Class III director through 2028, both meeting Nasdaq independence standards.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Each new director receives standard compensation: $75,000 annual cash retainer and 2,454 restricted shares vesting over three years (valued at ~$105,424 at $42.96 closing price on grant date).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Apogee expanded its board with two sitting public-company CEOs, both meeting independence requirements. Joseph Hayek leads Worthington Enterprises and joins as a Class II director with a term through the 2027 annual meeting. Suresh Krishna runs Proto Labs and takes a Class III seat through 2028.
The additions bring operational leadership experience from industrial and manufacturing sectors adjacent to Apogee's architectural glass and aluminum framing businesses. Both directors receive standard non-employee compensation aligned with existing board members: a $75,000 annual retainer and an initial equity grant of 2,454 shares vesting over three years.
The board expansion appears routine, adding independent oversight without signaling governance concerns or strategic shifts. The staggered class structure means shareholders will vote on Hayek's continuation at the next annual meeting while Krishna's term extends an additional year.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify