Apogee Enterprises, Inc. filed a Form 8-K on November 2, 2026, disclosing that its Board of Directors approved an extension of Chief Executive Officer Donald A. Nolan's employment term from November 1, 2026 through April 30, 2027, while the company continues its search for a permanent CEO.

Key Highlights

  • Extended Employment Term: Donald A. Nolan's employment as CEO and Executive Chair was extended from November 1, 2026 through April 30, 2027, per an extension letter dated October 29, 2026.
  • Base Salary Unchanged: Mr. Nolan will continue to receive an annualized base salary of $925,000 during the extended term.
  • Transition Bonus Eligibility: Mr. Nolan is eligible to receive a transition bonus of up to $250,000, as determined by the Compensation Committee based on his performance in supporting a successful CEO transition.
  • Travel and Lodging Payment: A one-time cash payment of $25,000 for travel and lodging expenses was approved.
  • Monthly RSU Grants: Mr. Nolan will receive monthly grants of time-based restricted stock units at an annualized target grant-date value of $1,750,000, with each monthly grant carrying a target grant-date value of $145,834.
  • RSU Vesting Schedule: Each restricted stock unit award will vest on the first anniversary of its grant date, subject to applicable vesting conditions.
  • CEO Search Ongoing: According to the filing, the Board continues to conduct a search for the company's next long-term Chief Executive Officer.

Apogee Extends Nolan's Leadership Role During CEO Search

According to the filing, the Compensation Committee of Apogee Enterprises' Board of Directors approved the compensation terms on October 29, 2026, and recommended that the Board extend Mr. Nolan's employment. The Board subsequently approved the extension. Mr. Nolan's prior employment term had been scheduled to expire on October 31, 2026. The filing states that "the extension of Mr. Nolan's employment is intended to provide continuity of leadership while the Board completes the process" of identifying a permanent CEO.

During the extended term, Mr. Nolan's total compensation package includes his existing annualized base salary of $925,000, eligibility for a performance-based transition bonus of up to $250,000, a one-time $25,000 cash payment for travel and lodging, and monthly restricted stock unit grants. The RSU grants are tied to an annualized target grant-date value of $1,750,000, prorated for the period during which Mr. Nolan continues to serve as CEO, with each monthly grant having a target grant-date value of $145,834. The awards are subject to the terms of the company's 2019 Stock Incentive Plan, as Amended and Restated (2026), and applicable equity award policies.

The filing further discloses that upon the commencement of employment of the permanent Chief Executive Officer, Mr. Nolan will cease serving as CEO but will remain an employee and continue as Executive Chair through the remainder of the extended term. Previously granted restricted stock units will remain eligible to vest subject to applicable continued-service conditions. The extension letter is filed as Exhibit 10.1 to the Current Report. Except as modified by the extension letter, the terms of Mr. Nolan's October 31, 2025 offer letter remain in effect, according to the filing. The company trades on NASDAQ:APOG.

What Was Disclosed

Apogee Enterprises disclosed the extension of CEO Donald A. Nolan's employment through April 30, 2027, along with compensation terms including a $925,000 annualized salary, a transition bonus of up to $250,000, a $25,000 travel payment, and monthly RSU grants with a $145,834 per-month target value.