NWPX Infrastructure, Inc. 8-K

What Happened

• NWPX Infrastructure, Inc. announced that Miles Brittain, the Company’s Executive Vice President, will retire effective April 3, 2026. Mike Wray has been named Executive Vice President effective January 19, 2026 and will assume duties immediately and help with transition through Mr. Brittain’s retirement.
• The Board increased Mr. Wray’s annual base salary to $450,000 effective January 19, 2026 and approved a new Change in Control Agreement that replaces his December 2021 agreement. The new agreement extends the agreement’s expiration to July 31, 2026 and raises certain change‑in‑control payout multiples from 1x to 2x; otherwise terms are unchanged.

Key Details

• Transition dates: Mike Wray effective Jan 19, 2026; Miles Brittain retirement effective Apr 3, 2026.
• New base salary for Mr. Wray: $450,000 per year (effective Jan 19, 2026).
• Change in Control Agreement: expiration extended to July 31, 2026; certain payout multiple increased from 1 to 2.
• Mr. Wray (age 52) has held several senior roles at NWPX since joining in 2007, including Senior VP & GM of Precast Infrastructure and Engineered Systems (Nov 2021–Jan 2026).

Why It Matters

• This filing discloses an executive leadership change and related compensation updates that can affect management continuity and near‑term operating oversight. Investors should note the immediate leadership handoff and the Company’s steps to retain and compensate the incoming EVP.
• The change in control amendment increases potential severance/benefit payouts in certain scenarios (multiple increased to 2x), which could raise contingent compensation obligations for the company if a qualifying change in control occurs before the agreement expires.