NWPX names new EVP, updates change-in-control deal
NWPX Infrastructure, Inc. announced that Executive Vice President Miles Brittain plans to retire on April 3, 2026.
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Rhea-AI Filing Summary
NWPX Infrastructure, Inc. announced that Executive Vice President Miles Brittain plans to retire on April 3, 2026. To support a smooth leadership transition, the company has appointed Mike Wray as Executive Vice President effective January 19, 2026, so he can assume the role’s responsibilities and work with Mr. Brittain on transition priorities.
Mr. Wray, age 52, has held several senior roles at the company since 2007, most recently serving as Senior Vice President and General Manager of Precast Infrastructure and Engineered Systems. The Board of Directors increased his annual base salary to $450,000 effective January 19, 2026 and approved a new Change in Control Agreement that extends its expiration to July 31, 2026 and raises his payout multiple upon a qualifying change in control from one to two. The filing notes that he has no material related-party transactions or familial relationships with company executives or directors.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive leadership change did NWPX announce in this Form 8-K?
Who is Mike Wray and what is his background at NWPX?
Did NWPX change Mike Wray’s compensation in connection with his new role?
What are the key terms of Mike Wray’s new Change in Control Agreement at NWPX?
Where can investors find the full text of NWPX’s Change in Control Agreement with Mike Wray?
AI-generated analysis. How Rhea-AI works. Not financial advice.