L.B. Foster Board Member Alexander Jones Resigns as Pact Ends

Accepted by SEC EDGAR 12/15/2025 - 04:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

L.B. Foster Company reported that Alexander B. Jones has resigned from its Board of Directors. He offered his resignation on December 12, 2025, and the Board accepted it on December 15, 2025. The company stated that his decision was not due to any disagreement over operations, policies, or practices, but is connected to the upcoming January 2026 expiration of its Cooperation Agreement with 22NW Fund and related parties.

Following his departure, the Board approved reducing its size from seven to six members, effective immediately. CEO John Kasel thanked 22NW and Mr. Jones for their support and contributions, noting his expertise in capital allocation and shareholder perspectives. 22NW founder Aron English commented that 22NW has been pleased with the performance of its investment and remains supportive of the company’s Board and management team.

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, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did L.B. Foster (FSTR) disclose in this report?

L.B. Foster disclosed that Alexander B. Jones resigned from its Board of Directors, and the Board reduced its size from seven to six members effective immediately after accepting his resignation.

Why did Alexander B. Jones resign from L.B. Foster's Board?

The company stated that Mr. Jones’s decision did not involve any disagreement over operations, policies, or practices, and was instead connected to the upcoming expiration of the Cooperation Agreement with 22NW and related parties in January 2026.

How did L.B. Foster's Board size change after Jones's resignation?

After accepting Mr. Jones’s resignation on December 15, 2025, the Board approved a change that reduced its size from seven (7) directors to six (6) directors, effective immediately.

What is happening with the Cooperation Agreement between L.B. Foster and 22NW?

The company explained that Mr. Jones’s resignation is connected to the upcoming expiration of the Cooperation Agreement in January 2026 between L.B. Foster and 22NW Fund and related parties.

How does 22NW view its investment in L.B. Foster (FSTR) after the agreement ends?

22NW founder Aron English stated that 22NW has been pleased with the performance of its investment in L.B. Foster and remains supportive of the company’s Board of Directors and management team.

What did L.B. Foster's CEO say about Alexander B. Jones and 22NW?

CEO John Kasel expressed appreciation for the support of 22NW and for Mr. Jones’s contributions, highlighting his expertise in capital allocation and providing a shareholder perspective during his Board tenure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0000352825FALSE00003528252025-12-122025-12-12

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) December 12, 2025

L.B. Foster Company

(Exact name of registrant as specified in its charter)

Pennsylvania

000-10436

25-1324733

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

415 Holiday Drive, Suite 100,

15220

Pittsburgh,

Pennsylvania

(Zip Code)

(Address of principal executive offices)

(412) 928-3400

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

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 (see General Instruction A.2. below):
☐			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

Common Stock, Par Value $0.01

FSTR

Nasdaq Global Select Market

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.

L.B. Foster Company (the “Company”) announced that, on December 12, 2025, Mr. Alexander B. Jones offered his resignation to the Board of Directors (the “Board”), and the Board accepted the resignation on December 15, 2025. Mr. Jones’s decision does not involve any disagreement on any matter relating to the Company’s operations, policies, or practices, but rather is in connection with the expiration of the Cooperation Agreement between the Company and 22NW Fund, LP, 22NW LP, 22NW Fund GP, LLC, 22NW GP, Inc. (collectively, “22NW”), Aron R. English, Bryson O. Hirai-Hadley, and Alexander B. Jones in January 2026. In connection with the acceptance of Mr. Jones’s resignation, on December 15, 2025, the Board approved the reduction of the size of the Board from seven (7) members to six (6) members effective immediately.

Mr. John Kasel, CEO of the Company, remarked, “On behalf of the Board, we convey our appreciation of the support of 22NW and the contributions of Mr. Jones to the Board over his tenure, including his expertise on capital allocation and shareholder perspective.”

Mr. Aron English, founder of 22NW, commented, “22NW has been pleased with the performance of its investment in the Company and remains supportive of its Board of Directors and management team. As our mutually beneficial Cooperation Agreement comes to an end, we look forward to the Company’s continued success.”

Item 9.01     Financial Statements and Exhibits

(d)    Exhibits

See Exhibit Index below.

Exhibit Index

Exhibit Number			Description
*104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

*Exhibits marked with an asterisk are filed herewith.

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.

									L.B. FOSTER COMPANY
									(Registrant)
Date:			December 15, 2025						/s/ Patrick J. Guinee
									Patrick J. Guinee
									Executive Vice President,
									General Counsel, and Corporate Secretary