Astec Industries (NASDAQ: ASTE) taps Chad Hartley to head Infrastructure Solutions
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Astec Industries, Inc. announced leadership changes in its Infrastructure Solutions segment. Chad Hartley will join the company as Group President – Infrastructure Solutions and member of the Executive Leadership Team effective May 11, 2026. He previously held senior roles at Regal Rexnord and Emerson Electric across operations, supply chain, sales, marketing and general management, including an assignment in Shanghai.
As of April 20, 2026, former Group President – Infrastructure Solutions Barend Snyman is no longer employed by Astec and will receive benefits and payments under Section 4.2 of the company’s Executive and Key Employee Severance Plan. The company also issued a press release describing Hartley’s appointment and highlighting Astec’s focus on infrastructure and materials solutions for road building, aggregate processing and concrete production.
Positive
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Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Terms
Group President – Infrastructure Solutions, Executive Leadership Team, Executive and Key Employee Severance Plan, forward-looking statements, +1 more
5 terms
Group President – Infrastructure Solutions financial
"Chad Hartley will be appointed as Group President – Infrastructure Solutions of the Company"
Executive Leadership Team financial
"Chad Hartley will join Astec as Group President – Infrastructure Solutions and member of the Executive Leadership Team"
The executive leadership team is a group of top managers responsible for making key decisions and setting the overall direction of an organization. They include the highest-ranking executives, such as the CEO and CFO, who work together like a team of captains guiding a ship. For investors, this team’s experience and decisions can significantly influence the company's success and stability.
Executive and Key Employee Severance Plan financial
"Mr. Snyman will receive the benefits and payments to which he is entitled under Section 4.2 of the Company’s Executive and Key Employee Severance Plan"
forward-looking statements regulatory
"This News Release contains forward-looking statements within the meaning of the Securities Act of 1933"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Infrastructure Solutions financial
"Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions"
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
Date of Report (Date of earliest event reported): April 20, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (423 ) 899-5898
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(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
On April 20, 2026, Astec Industries, Inc. (the “Company”) issued a press release announcing that Chad Hartley will be appointed as Group President – Infrastructure Solutions of the Company effective May 11, 2026. Mr. Hartley is a highly accomplished manufacturing professional with a strong track record of driving positive results in large, diverse, multinational operations within the manufacturing sector. Mr. Hartly most recently served as the President, Conveyance Solutions at Regal Rexnord, a NYSE listed global manufacturing company.
As of April 20, 2026, Barend Snyman, former Group President – Infrastructure Solutions, is no longer employed by the Company. Mr. Snyman will receive the benefits and payments to which he is entitled under Section 4.2 of the Company’s Executive and Key Employee Severance Plan, which was previously filed as Exhibit 10.1 to the Current Report on Form 8-K filed by the Company on December 19, 2024.
A copy of the press release announcing the appointment of Mr. Hartley is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits
| 99.1 | Press Release dated April 20, 2026, announcing the hiring of Chad Hartley as Group President – Infrastructure Solutions | |||||||
| 104 | Cover Page Interactive Data File embedded within the Inline XBRL document | |||||||
SIGNATURES
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.
| Astec Industries, Inc. | ||||||||
| Date: April 20, 2026 | By: | /s/ Jaco van der Merwe | ||||||
| Jaco van der Merwe | ||||||||
| President and Chief Executive Officer | ||||||||
| Contact: | FOR IMMEDIATE RELEASE | ||||
| Stephen C. Anderson | |||||
| Senior Vice President, Investor Relations | |||||
| sanderson@astecindustries.com | |||||
| +1 (423) 899-5898 | |||||
| www.astecindustries.com | |||||
Astec Names Chad Hartley Group President – Infrastructure Solutions
CHATTANOOGA, Tenn. (April 20, 2026) – Astec Industries, Inc. (NASDAQ: ASTE) announced today that Chad Hartley will join Astec as Group President – Infrastructure Solutions and member of the Executive Leadership Team on May 11, 2026.
Mr. Hartley most recently served as President, Conveyance Solutions at Regal Rexnord, a NYSE listed global manufacturing company. Prior to that, he served as Senior Vice President of Global Sales & Marketing, leading commercial strategy. Mr. Hartley held progressively broader leadership roles during his time at Regal Rexnord and Emerson Electric across operations, supply chain, sales and marketing and general management, including an expatriate assignment in Shanghai, China as Vice President & General Manager. Mr. Hartley noted, “I am excited to join the Astec Industries team and lead the Infrastructure Solutions group. Astec has a strong legacy of innovation and customer focus, and I look forward to building on that foundation, driving operational, product and commercial excellence, and delivering long-term value for our customers and stakeholders.”
“I am excited to welcome Chad to Astec and to our leadership team,” said Jaco van der Merwe, President and Chief Executive Officer. "Chad is a highly accomplished manufacturing professional with a strong track record of driving positive results, in large, diverse, multinational operations within the manufacturing sector.”
About ASTEC
Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processing equipment.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995
This News Release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, businesses in which we operate, the United States and global economies and guidance for fiscal 2026. Statements in this News Release that are not historical are hereby identified as "forward-looking statements" and may be indicated by words or phrases such as "anticipates," "supports," "plans," "projects," "expects," "believes," "should," "would," "could," "forecast," "management is of the opinion," use of the future tense and similar words or phrases. These forward-looking statements are based largely on management's expectations, which are subject to a number of known and unknown risks, uncertainties and other factors discussed and described in our most recent Annual Report on Form 10-K, including those risks described in Part I, Item 1A. Risk Factors thereof, and in other reports filed subsequently by us with the Securities and Exchange Commission, including those risks described in Part II, Item 1A in our most recent Quarterly Report on Form 10-Q, which may cause actual results, financial or otherwise, to be materially different from those anticipated, expressed or implied by the forward-looking statements. All forward-looking statements included in this document are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking statements to reflect future events or circumstances, except as required by law.
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FAQ
What leadership change did Astec Industries (ASTE) announce?
Astec Industries announced that Chad Hartley will become Group President – Infrastructure Solutions and join the Executive Leadership Team on May 11, 2026. He replaces Barend Snyman, who is no longer employed and will receive severance benefits under the company’s Executive and Key Employee Severance Plan.
Who is Chad Hartley, Astec Industries’ new Group President – Infrastructure Solutions?
Chad Hartley is a manufacturing executive who most recently served as President, Conveyance Solutions at Regal Rexnord. He previously held progressively broader roles at Regal Rexnord and Emerson Electric in operations, supply chain, sales, marketing and general management, including an expatriate assignment in Shanghai, China.
When will Chad Hartley assume his new role at Astec Industries (ASTE)?
Chad Hartley is scheduled to join Astec Industries as Group President – Infrastructure Solutions on May 11, 2026. At that time, he will also become a member of the company’s Executive Leadership Team, overseeing the Infrastructure Solutions segment focused on road building, asphalt, concrete and related equipment.
What happens to former Group President Barend Snyman at Astec Industries?
As of April 20, 2026, Barend Snyman is no longer employed by Astec Industries as Group President – Infrastructure Solutions. He will receive benefits and payments to which he is entitled under Section 4.2 of Astec’s Executive and Key Employee Severance Plan previously filed with the SEC.
What businesses are included in Astec’s Infrastructure Solutions segment?
Astec’s Infrastructure Solutions segment includes equipment and solutions for road building, asphalt and concrete plants, as well as thermal and storage solutions. This segment is one of two primary operating groups, alongside Materials Solutions, which focuses on aggregate processing equipment used in construction and materials production.
Does this Astec Industries (ASTE) filing contain forward-looking statements?
Yes. The news release identifies certain statements as forward-looking under U.S. securities laws. These relate to areas such as income, earnings, cash flows, operational changes, and guidance for fiscal 2026, and are subject to risks described in Astec’s most recent Form 10-K and Form 10-Q filings.