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Get filing alertsValmont announces planned Board Chair succession; Bay to retire Dec 2026, Paglia to succeed
Filed July 28, 2026 · Period ending July 27, 2026 · ~1 min read
Key Changes
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Board Chair Mogens C. Bay will retire from the Board on December 26, 2026, the end of fiscal year 2026. Vice Chair and Lead Independent Director Catherine J. Paglia will succeed him as Board Chair.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Valmont Industries disclosed a planned leadership transition at the board level. Current Board Chair Mogens C. Bay informed the Board on July 27, 2026, of his decision to retire at fiscal year-end (December 26, 2026). Catherine J. Paglia, who currently serves as Vice Chair and Lead Independent Director, will succeed Bay as Board Chair upon his retirement.
This is an orderly succession with nearly five months' notice, drawing from the existing independent board leadership. The transition maintains continuity by elevating the Vice Chair rather than bringing in an external candidate. For shareholders, the advance disclosure and internal promotion suggest stable governance through the handoff.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 27, 2026, Mogens C. Bay informed the Board of Directors (the “Board”) of Valmont Industries, Inc. (the “Company”) of his decision to retire from the Board at the end of the Company’s fiscal year, December 26, 2026. Catherine J. Paglia, the Company’s Vice Chair of the Board and Lead Independent Director, will succeed Mr. Bay as Board Chair upon his retirement.
Mogens C. Bay, the current Board Chair, will retire from the Board on December 26, 2026, the end of the company's fiscal year. Catherine J. Paglia, currently serving as Vice Chair and Lead Independent Director, will become Board Chair upon his retirement. This represents a planned leadership transition at the board level with an orderly succession from the existing independent leadership.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify