Attached files
file | filename |
---|---|
8-K - VALMONT INDUSTRIES INC | vmi8k_feb25.htm |
Exhibit 99.1
MARK C. JAKSICH
1.
|
Named by the Board of Directors as Chief Financial Officer effective February 26, 2014.
|
2.
|
Base Salary: $485,000 per year
|
3.
|
Continued participation in Valmont's 2014 Annual Incentive Plan - Corporate Plan with a target of 60% of base salary (from start date as CFO) and capped at 2x bonus target.
|
4.
|
Continued participation in the performance share element of Valmont's 2012-2014, 2013-2015, and 2014-2016 long-term incentive plans, with a target of 70% of base salary (from start date as CFO) and capped at 2x target.
|
5.
|
Continued participation in the stock option element of Valmont's long-term incentive plans, with eligibility for option grant in December 2014 with a target value of 70% of base salary.
|
6.
|
Continued participation in Valmont's non-qualified deferred compensation plan, VERSP 401 (k) plan, health and welfare benefit plans.
|