apog-202508070000006845false00000068452024-01-102024-01-10
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
August 7, 2025
Date of Report (date of earliest event reported)
___________________________________
APOGEE ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
___________________________________
| | | | | | | | |
Minnesota (State or other jurisdiction of incorporation or organization) | 0-6365 (Commission File Number) | 41-0919654 (I.R.S. Employer Identification Number) |
4400 West 78th Street - Suite 520 Minneapolis, Minnesota 55435 |
(Address of principal executive offices and zip code) |
(952) 835-1874 |
(Registrant's telephone number, including area code) |
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| | | | | |
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| | | | | | | | |
Securities registered pursuant to Section 12(b) of the Act: |
Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, $0.33 1/3 Par Value | APOG | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| | | | | | | | | | | | | | |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The Board of Directors (the "Board") of Apogee Enterprises, Inc. (the "Company") has appointed Troy R. Johnson, a long-time senior executive at the Company to serve as President, Architectural Metals, effective as of August 7, 2025. Mr. Johnson succeeds Nicholas C. Longman, who resigned from the position, effective August 7, 2025.
In connection with the foregoing appointment, Mr. Johnson will be entitled to a base salary of $505,050 per year and a grant of $325,000 worth of restricted shares of the Company's common stock based on the closing price of the Company's stock on the grant date. This grant was made by the Compensation Committee of the Board pursuant, and subject, to the Plan and the Company's customary form of restricted share award agreement. Assuming continued employment with the Company, such restricted shares will be subject to a two-year vesting schedule with 100% of the shares vesting on the two-year anniversary of Mr. Johnson's appointment.
Mr. Johnson will continue to participate in the Company's Annual Short-Term Incentive Plan ("STIP"), with a guaranteed payment of at least 100% of his target short-term incentive in each of fiscal years 2026 and 2027, assuming continued employment with the Company and pursuant, and subject to the terms of the STIP.
| | | | | | | | | | | | | | |
| Item 7.01 | Regulations FD Disclosure |
A copy of the Company's press release announcing the officer transition has been furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in the press release is being furnished, not filed, pursuant to Item 7.01. Accordingly, the information in the press release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
| | | | | | | | | | | | | | |
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. | | | |
| | | | | | | | | | | | | | |
| 99.1 | |
| 104 | Cover Page interactive Data file (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
APOGEE ENTERPRISES, INC.
By: /s/ Meghan M. Elliott
Meghan M. Elliott
Chief Legal Officer and Secretary
Date: August 7, 2025
DocumentApogee Enterprises Appoints Two New Business Segment Presidents
MINNEAPOLIS--(BUSINESS WIRE) –August 7, 2025-- Apogee Enterprises, Inc. (Nasdaq: APOG), a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications, today announced the appointment of two new business segment presidents. The Company announced that effective August 7, 2025, Nick Longman will resign as President of the Architectural Metals Segment. Troy Johnson will take the role of President of the Architectural Metals Segment, replacing Mr. Longman, and Matt Christian will take the role of President of the Architectural Services Segment, succeeding Mr. Johnson.
“Troy and Matt are Apogee veterans and I am excited by the skills and experience they will bring to their new roles,” said Ty R. Silberhorn, Chief Executive Officer. “Troy is a proven leader with an impressive record of delivering results and creating value. Matt has deep business and industry knowledge, along with transformational leadership skills that will make him a valuable addition to our Services and Executive leadership teams. These appointments reflect our depth and breadth of leadership talent and our organizational development goals of providing growth opportunities and new challenges for our people.
Mr. Silberhorn continued, “On behalf of the leadership team, I want to thank Nick for his many contributions over the last four years and wish him the best in his future endeavors.”
Mr. Johnson joined Apogee in 2011 and has served as President of the Architectural Services Segment and as a member of the Executive Committee since 2020. He has more than 25 years of industry experience. Mr. Christian brings 23 years of Apogee experience to his new position, where he most recently served as the Vice President, Products in the Architectural Metals Segment. Prior to that, he spent more than 19 years in the Architectural Services Segment.
About Apogee Enterprises, Inc.
Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications. Headquartered in Minneapolis, MN, our portfolio of industry-leading products and services includes architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, and high-performance coatings that provide protection, innovative design, and enhanced performance. For more information, visit www.apog.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should” and similar expressions are intended to identify “forward-looking statements.” These statements reflect Apogee management’s expectations or beliefs as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements are subject to significant risks that could cause actual results to differ materially from the expectations reflected in the forward-looking statements. More information concerning potential factors that could affect future financial results is included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 1, 2025, and in subsequent filings with the U.S. Securities and Exchange Commission.
Contact
Nicholas Manganaro
Investor Relations
857.383.2411
apog@investorrelations.com