Effective May 10, 2024, Valmont Industries, Inc. and Aaron M. Schapper agreed that Mr. Schapper would transition out of his role as Group President, Agriculture and Chief Strategy Officer to pursue new opportunities that align more closely with his professional goals. Mr. Schapper will remain employed by the Company as an advisor to provide transition services through December 28, 2024. The current President of North American Agriculture and the current President of International Agriculture will continue in their roles.

The Company will begin evaluating candidates for Mr. Schapper?s successor.