Valmont Industries, Inc. (VMI) has entered into a separation and release agreement with its former Executive Vice President and CFO, Thomas Liguori, formalizing the terms of his retirement. Mr. Liguori, who was succeeded on April 8, 2026, will remain an employee to provide consulting services until his official retirement on December 26, 2026.
Key Details
- Agreement & Timeline: The separation agreement was executed on May 26, 2026. Mr. Liguori's official retirement and final day of employment is December 26, 2026.
- Severance & Compensation: Mr. Liguori will receive his base salary and health benefits through his retirement date. He is also entitled to a cash severance payment equal to 22 weeks of his base salary, his 2026 short-term incentive award, and payouts from long-term incentive plans (2024-2026, 2025-2027, and 2026-2028), with payments to be made by March 15, 2027.
- Equity Awards: All outstanding and unvested restricted stock units (RSUs) and stock options will be subject to accelerated vesting on his retirement date of December 26, 2026, in accordance with the terms of his original employment offer.