SEC Form DEF 14A filed by NWPX Infrastructure Inc.

TIME & DATE	PLACE	RECORD DATE	ADMISSION
7:00 a.m. Wednesday, June 10, 2026	Virtual Meeting www.virtualshareholder meeting.com/NWPX2026	Close of Business April 9, 2026	See Voting Information on page 18

Voting Matters and Board of Directors Recommendations

The 2025 Annual Meeting of Shareholders (the “Annual Meeting”) of NWPX Infrastructure, Inc. (collectively with its subsidiaries, the “Company” and “NWPX Infrastructure”) will be held via webcast on Wednesday, June 10, 2026, at 7:00 a.m. Pacific Time at www.virtualshareholdermeeting.com/NWPX2026. To participate in the Annual Meeting, you will need your unique 16-digit control number printed in the box and marked by the arrow on your proxy card or on the voting instructions from your stockbroker, bank, or other nominee that accompanied your proxy materials. On the record date, there were 9,637,008 shares of Common Stock then outstanding, with each share of Common Stock being entitled to one vote.   Mailing Date   This Proxy Statement, together with the enclosed proxy card and the Annual Report on Form 10‑K for the year ended December 31, 2025 (“2025 Annual Report to Shareholders”) of NWPX Infrastructure are first being mailed to shareholders of the Company on or about April 23, 2026.		How to Vote in Advance
		Please review the Proxy Statement and vote in one of the three ways shown below. You will need your 16-digit control number to vote on all platforms.
			Online: Vote online at www.virtualshareholdermeeting.com/ NWPX2026
			By Phone: Call the phone number on your proxy card and follow the voting instructions on the form.
			By Mail: Follow the instructions on your proxy card and use the enclosed prepaid and addressed envelope.

Important Notice Regarding Internet Availability of Proxy Materials

This Proxy Statement and the Company’s 2025 Annual Report to Shareholders for the Annual Meeting to be held on June 10, 2026 are also available at www.proxyvote.com.

2026 Proxy Statement

April 13, 2026

Dear Fellow Shareholder:   You are cordially invited to attend the 2026 Annual Meeting of Shareholders on Wednesday, June 10, 2026, at 7:00 a.m. Pacific Time. As part of NWPX Infrastructure’s effort to encourage broader participation, the Board of Directors has determined that the Annual Meeting will be conducted virtually via webcast rather than in person. You will be able to attend the meeting, vote your shares, and submit questions by logging in at www.virtualshareholdermeeting.com/NWPX2026.   Fiscal 2025 was an exceptional year for NWPX Infrastructure. We delivered record net sales, gross profit, and net income, reflecting exceptional operational execution across both our business segments starting with our safety performance, which was another annual record for the Company. We also generated substantial free cash flow, further strengthening our balance sheet and positioning the Company for continued growth.   These results are not incidental. They reflect the strength of our market position, the dedication of our employees, and our continued focus on operational excellence, innovation, and prudent capital allocation. As you review this Proxy Statement, we reinforce our confidence in the durability of our business model and our commitment to creating long-term shareholder value.   Your vote is important. As a shareholder of NWPX Infrastructure, you play a critical role by considering and acting on the matters set forth in the accompanying Proxy Statement. We appreciate the time and attention you devote to these decisions.   Looking ahead, we remain confident in the opportunities before us and committed to disciplined growth and sustained performance. On behalf of the Board of Directors, thank you for your continued investment in NWPX Infrastructure.   Sincerely,     Scott Montross President and Chief Executive Officer
		“Our shareholders remain central to every decision we make, and we are grateful for their continued confidence in our Company. We encourage all shareholders to support our proposals so we can continue to drive growth, strengthen profitability, and deliver lasting value.”

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Table of Contents

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At NWPX Infrastructure,

we manufacture

durable infrastructure solutions,

helping communities build

safe, reliable, and sustainable

systems that support daily life

and long–term growth.

 

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Table of Contents

ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

About NWPX Infrastructure

 

Company Profile

 

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NWPX Infrastructure delivered a record-breaking performance in 2025. Record net sales were $526.0 million, up 6.8% from the prior year, with record gross profit of $103.6 million and a record gross margin of 19.7%. The WTS segment record net sales of $350.9 million, up 3.8% from the prior year, was driven by increased selling prices due to changes in product mix, partially offset by a decrease in tons produced resulting from changes in project timing. The Precast segment also set a record, with net sales up 13.3% to $175.1 million, driven by increased volumes shipped and increased selling prices due to changes in product mix. The Company achieved record profitability, with diluted net income per share of $3.56, and record safety performance with a total recordable incident rate of 1.06. Strong net cash provided by operating activities of $67.3 million supported debt reduction, while capital investments expanded production capacity. Additionally, the Company plans to continue to pursue accretive opportunities for shareholders by continuing to grow the business, through both organic investments and mergers and acquisitions, as well as repurchasing shares of its common stock.

 

$526 million Net Sales		$35 million Net Income		$234 million WTS Backlog (1)		$57 million Precast Order Book (2)
$3.56 Diluted Earnings Per Share		$18 million Share Repurchases		$47 million Free Cash Flow (3)		$20 million Capital Expenditures

 

	(1)	‘Backlog’ includes the balance of remaining obligations under signed contracts for which revenue is recognized over time.
	(2)	‘Order book’ includes unfulfilled orders outstanding at the measurement date.
	(3)	‘Free cash flow’ includes cash flows from operating activities less capital expenditures. For 2025, $67.3 million of net cash provided by operating activities, less $20.2 million in capital expenditures, resulted in $47.1 million of free cash flow. This non-GAAP financial measure is provided to better enable investors and others to assess the Company’s ongoing operating results and compare them with its competitors. This should be considered a supplement to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP.

 

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Table of Contents

ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

Looking ahead, the Company anticipates continued strength in bidding activity for 2026, particularly in WTS projects and an improving non-residential Precast market. The Company remains focused on margin expansion, efficiency improvements, and strategic acquisitions in the Precast sector to drive long-term growth. Additionally, input cost trends and infrastructure funding initiatives are expected to influence project pricing and demand positively.

Financial Performance

 

Revenue Growth (in millions)
In 2025, net sales revenue increased6.8% to $526.0 million from $492.5 million in 2024. The Company’s five-year revenue compound annual growth rate was 13.0%, fueled by organic growth, particularly for the Company’s water transmission and residential construction products. The Company aims to continue its transformation and drive shareholder value through organic growth and future acquisitions.
Profitability
The Company’s diluted net income per share in 2025 was $3.56, a 5% increase from $3.40 diluted net income per share in 2024. The last two years were the most profitable in Company history. Through the execution of its growth strategy, significantly improved returns for the Company’s shareholders are now starting to be realized.

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

Product Demand

 

WTS Backlog Including Confirmed Orders (1) (in millions)
As of December 31, 2025, the Company had a backlog of $234 million. The Company evaluates demand for its WTS segment using backlog including confirmed orders, as confirmed orders are generally not canceled and, as such, provides a more holistic measure of demand. As of December 31, 2025, WTS’s backlog including confirmed orders was $346 million, indicating continued health in project load and future revenue.
Precast Order Book (in millions)
As of December 31, 2025, the Company had an order book totaling $57 million in the Precast segment, a 6%decrease from the prior year. Even though challenged by macroeconomic headwinds, particularly with residential construction, the Precast order book is strong considering the shorter lead times expected for that business.

 

(1)

‘Confirmed orders’ includes projects for which the Company has been notified that it is the successful bidder, but a binding agreement has not been executed. The Company is presenting backlog including confirmed orders, which is a non-GAAP financial measure, to better enable investors and others to assess the Company’s ongoing operating results and compare them with its competitors. This should be considered a supplement to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP.

 

Demand for NWPX Infrastructure’s products is driven by several converging forces that highlight the need for reliable water transmission solutions. Decades of underinvestment and aging infrastructure have left many water and wastewater systems in urgent need of repair and replacement. Growing populations and new communities increase pressure on existing water sources, while drought conditions and the effects of climate change strain these supplies and necessitate transporting water from greater distances. At the same time, public awareness of water quality, conservation, and sustainable usage has led to more stringent regulatory policies. In response, federal and state initiatives such as the Infrastructure Investment and Jobs Act and the Drinking Water State Revolving Loan Fund are allocating substantial funds to modernize critical water systems. Together, these factors underscore the rising demand for NWPX Infrastructure’s products as utilities and municipalities seek dependable infrastructure solutions to meet today’s mounting challenges.

2026 Proxy Statement

The Company’s growth strategy continues to focus on diversifying into a broader water market and capitalizing on the unique attributes of its market position, production capabilities, reputation, and nationwide sales and distribution footprint. The Company’s goal is to create transformational growth and profitability to drive shareholder value via an organic growth “Product Spread” strategy and through acquisitions. Product Spread is the manufacture and ultimate sale of precast products to those geographic markets served by pre-existing NWPX Infrastructure facilities. This includes NWPX Park’s water treatment solutions sold beyond Texas, and precast products produced and sold out of the Company’s NWPX Geneva and water transmission manufacturing facilities. By extending the reach of each facility’s product lines across the country, the Company advances its strategic goals of increasing revenue, expanding market share, and enhancing profitability, ultimately delivering strong returns for shareholders and driving overall financial performance.

Given the size of the addressable precast market, the Company aspires to create transformational growth and profitability to drive shareholder value with organic growth Product Spread through the following actions and results:

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		Strategic acquisitions present prime opportunities for the Company to further expand its reach in the precast-related market. The Company acquired Geneva Pipe and Precast Company (“NWPX Geneva”) in January 2020, a concrete pipe and precast concrete products manufacturer based in Utah. This acquisition expanded the Company’s water infrastructure product capabilities by adding additional reinforced concrete pipe (“RCP”) capacity and a full line of precast concrete products including storm drains, manholes, catch basins, vaults, and curb inlets as well as innovative lined products that extend the life of concrete pipe and manholes for sewer applications.
In October 2021, the Company acquired Park Environmental Equipment, LLC (“NWPX Park”), a technology leader in water infrastructure products that manufactures water, wastewater, and environmental solutions at its three operating facilities in Texas. The NWPX Park products are assembled within concrete vaults or steel fabricated housings that can be delivered direct to the job site, saving valuable installation time for the Company’s customers.

 

Future strategic acquisitions will target:

Further, the Company continues its commitment to the precast market. The Company recently constructed a new RCP and manhole mill at the Salt Lake City facility and is in the process of installing a drycast catch basin machine at the Orem facility. Additionally, in February 2026, the Company acquired Boughton’s Precast, Inc., a single precast facility located in Pueblo, Colorado. These investments will provide the rapidly growing NWPX Geneva operations with additional production capacity and capabilities.

In addition to the focus placed on the Company’s growth strategy, the following strategic and operational initiatives also play a critical role in the business:

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Key Initiatives

NWPX Infrastructure has developed core programs that support its culture and professional standards. These initiatives all start with the Company’s core values of Accountability, Commitment, and Teamwork—ACT for short. The Company seeks to demonstrate these core values in all actions, both internally and externally, and with all stakeholders.

As a Company, a robust safety program, employee development and engagement, social responsibility, environmental compliance, and strong governance principles serve as initiatives that are transforming employee performance and operational success.

As a manufacturing company, a top priority is sending each employee home safely at the end of the day. As such, safety is at the central core of the Company’s culture and is infused at every level of its organization. More than just policy and procedure, the Company’s safety program gives equal focus to the human side of safety, integrating coaching and mentoring efforts with compliance-driven approaches.

The Company’s recordable incident rate and days away rates are significantly lower than available comparable industry averages. Industry average rates are recorded to OSHA per 100 full-time workers for NAICS code 33121 (Iron and steel pipe and tube manufacturing from purchased steel) and NAICS code 327332 (Concrete pipe manufacturing).

Recordable Incident Rate		Days Away Incident Rate
(1) 2025 industry rates are not yet available as of the date of this Proxy.
(2) Industry Average Precast (NAICS code 327332) is not available for 2021.

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	Safety Programs and Assets
	Each of the Company's facilities engage in a range of activities to support strong safety performance—from daily toolbox talks that address the day's tasks and any specific safety concerns, to monthly Safety Plan Meetings and recognition programs like the 'No Days Away' Safety Awards. A highlight each year is Safety Day, a dedicated day when a facility pauses operations to focus on safety training. These events feature interactive demonstrations from outside vendors and offer a hands-on, engaging atmosphere for employees. All 14 facilities participate in these programs, including the two highlighted below.
	Lean in ACTion			Five to Stay Alive
	To share safety and process improvement successes across NWPX Infrastructure’s facilities, the Company established the Lean in ACTion Program. Facilities submit multiple improvement reports annually, which include an assessment of the activity, photos, a before-and-after statement of how a process was improved, a summary of cost or labor hour savings, and the overall benefits achieved. Many of these improvements incorporate 6S methodology—Sort, Set in Order, Shine, Standardize, Sustain, and Safety—reinforcing the Company’s commitment to safe, efficient and well-organized work environments.			The Five to Stay Alive Program is the Company's latest program and focuses on the top five most common safety hazards: forklifts and vehicles, ladders, fall protection, lockout/tagout and machine guarding, and crane and rigging systems. Throughout the year, safety information is shared with all team members via in-facility presentations, reminder hand-outs, the monthly rotating communications slide deck, and team one-on-ones. This program provides additional awareness to help mitigate the potential safety challenges at the manufacturing facility level.

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Building High Performing Teams

 

Recruit Top Talent		NWPX Infrastructure recognizes that its strength begins with the people it hires. The Company’s goal is to attract and retain individuals who bring skilled labor, technical expertise, problem-solving ability, and a shared commitment to its purpose. The Company actively recruits talent through a combination of industry outreach, employee referrals, and targeted recruitment in trades and professional disciplines. The Company’s selection process emphasizes both character and capability, ensuring that new team members align with its culture of safety, integrity, and operational excellence. NWPX Infrastructure believes that hiring the right people at every level drives performance, innovation, and long-term company growth.
Empower Engagement		NWPX Infrastructure recognizes that strong business performance is driven by teams who bring a wide range of skills, perspectives, and professional experience. The Company’s focus is on cultivating a workplace where employees are respected, supported, and equipped to contribute their best work. The Company emphasizes open communication, consistent hiring practices, ongoing training, and engagement efforts that strengthen collaboration across the organization. This approach helps build effective teams, encourages fresh ideas, and supports the innovation and continuous improvement that drives the Company’s long-term success.
Encourage Continuous Learning		NWPX Infrastructure invests in the ongoing growth and development of its people. The Company promotes continuous learning through hands-on training, leadership development, professional certifications, and educational reimbursement programs. The Company encourages employees to seek opportunities to expand their skills and share knowledge across teams. By creating pathways for personal and professional development, NWPX Infrastructure encourages employees to evolve with the Company, which strengthens both individual careers and its collective performance.

 

NWPX Infrastructure celebrates its workforce through its employee recognition efforts that allow the Company to shine a spotlight on both individual and team achievements and acknowledge the hard work that contributes to the Company’s success. Please read more about the Company’s employment practices in its Corporate Social Responsibility Report.

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

Corporate Social Responsibility

 

NWPX Infrastructure maintains a commitment to responsible business practices supported by strong governance structures. The Environmental and Social Governance (“ESG”) Committee of the Board of Directors (“Board”) provides oversight of environmental and social matters, including climate-related risks, workplace safety, employee engagement, and community impact, and receives regular reports from management.

 

The Company prioritizes sustainability topics relevant to its business and stakeholders. NWPX Infrastructure maintains verified greenhouse gas inventories, implements water stewardship practices across operations, and manufactures products to support water conservation, safety, and supply to thriving communities.

 

Select Corporate Social Responsibility (“CSR”) Programs

 

	•	Greenhouse Gas Emissions Inventory: NWPX Infrastructure completed a third-party verified inventory of Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emissions to assess the environmental impact of the Company’s operations. This foundational effort aligns with globally recognized standards and helps identify opportunities to improve efficiency, set informed goals, and enhance transparency with stakeholders.
	•	Environmental Product Declarations: In 2025 the Company announced the publication of its first third-party verified Environmental Product Declaration (“EPD”) covering cement-mortar-lined welded steel pipe produced under the Northwest Pipe Company brand. Beyond supporting regulatory compliance, EPDs quantify environmental footprints and uncover opportunities to improve resource efficiency, reduce waste, and lower costs. By quantifying embodied carbon and other key indicators, the EPD equips engineers, contractors, and municipalities with credible information to support sustainable procurement, meet Buy Clean California requirements, and comply with evolving state and federal environmental reporting standards.
	•	Community Impact Program: The Company’s Community Impact Program (“CIP”) supports charitable giving and volunteer initiatives in the communities where it operates. The CIP addresses critical social and environmental challenges and in 2025, the program was expanded to the manufacturing facilities, empowering local teams to engage with and support charitable initiatives in their own communities.

 

Read more about these and other CSR initiatives in the Company’s Corporate Social Responsibility Report at nwpx.com.

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

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Proxy Proposals

 

Proposal 1:
Election of Directors		☑ FOR	page 16
•	All nominees are highly experienced and have the qualifications and skills necessary to oversee the Company and advance its strategic vision.	each nominee
•	All nominees are independent except for the Chief Executive Officer.
Proposal 2:
Advisory Vote on the Company’s Executive Compensation		☑ FOR	page 17
•	Executive officer compensation is structured to attract and retain highly capable individuals and offer competitive compensation opportunities.
•	Pay-for-performance alignment is built into the design of the Company’s incentive programs, which are strongly tied to key financial measures.
Proposal 3:
Ratification of the Appointment of Baker Tilly as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2026		☑ FOR	page 18
•	Baker Tilly is an independent registered public accounting firm with the requisite skills and objectivity.
•	Baker Tilly has deep institutional knowledge of the Company’s industry, operations, business, accounting policies, and internal controls.

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

PROPOSAL #1:

Election of Directors

 

Director Nominees

 

Scott Montross Years as a Director: 13 Committees: None Independent: No

John Paschal Years as a Director: 6 Committees: Nominating and Governance Committee (Chairperson) and Environmental and Social Governance Committee Independent: Yes

Specific Experience, Qualifications, Attributes, and Skills:			Specific Experience, Qualifications, Attributes, and Skills:
	•  Experienced leader in commercial and operational disciplines, strategy including business turnaround and driving growth •  In-depth understanding of industry manufacturing, critical infrastructure, product design and development, and supply chain logistics •  Significant management and finance experience including corporate reporting, accounting, controls, and mergers and acquisitions			• Extensive understanding of manufacturing • Broad experience with human capital, operations, and governance issues gained through hands-on leadership • Significant expertise in commercial strategy, supply chain, and logistics

 

Continuing Directors

 

Michael Franson		Amanda Julian, PhD, MA		Keith Larson		Irma Lockridge		Richard Roman

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

PROPOSAL #2:

Advisory Vote on the Company’s Executive Compensation

 

The following table reflects compensation awarded to the Company’s CEO, Chief Financial Officer (“CFO”), and each of the three other most highly compensated executive officers (collectively the “Named Executive Officers” or “NEOs”) in 2025. More detailed information regarding Executive Compensation can be found on page 39 under “Executive Compensation Discussion and Analysis” and on page 47 under “Summary Compensation.”

 

Name	Principal Position		Salary				Stock Awards				Non-Equity Incentive Plan Compensation				All Other Compensation				Total
Scott Montross	Director, President, and CEO		$	732,182			$	1,280,061			$	1,464,364			$	16,323			$	3,492,930
Aaron Wilkins	Senior Vice President (“SVP”), CFO, and Corporate Secretary			440,451				440,004				528,541				15,289				1,424,285
Miles Brittain	Executive Vice President (1)			434,190				440,004				521,028				17,283				1,412,505
Eric Stokes	SVP and General Manager (“GM”) of WTS (2)			356,320				361,121				356,320				14,809				1,088,570
Michael Wray	SVP and GM of Precast (3)			356,320				361,121				356,320				15,770				1,089,531

 

	(1)	As previously announced, Mr. Brittain retired on April 3, 2026.
	(2)	Mr. Stokes was promoted to Senior Vice President and Water Transmission Systems Group President in January 2026.
	(3)	Mr. Wray was promoted to Executive Vice President in January 2026.

 

Performance Based Compensation   The Board of Directors and executive management at the Company believe that the performance and contribution of their executive officers are critical to the Company’s overall success. To attract, retain, and motivate the executives to accomplish the Company’s business strategy, the Compensation Committee establishes executive compensation policies and oversees executive compensation practices at the Company.   The Compensation Committee believes that the most effective executive compensation program is one that is designed to reward the achievement of the Company’s specific annual and long-term goals, and which aligns executives’ interests with those of the shareholders by rewarding performance that exceeds established goals, with the ultimate objective of improving shareholder value.

 

Compensation Best Practices

 

✔	Best Practices in the Company’s Programs		✘	Practices the Company does not Engage in or Allow
	•  Pay aligns with performance •  Market-based approach for determining NEO target pay levels •  Caps on annual and long-term incentives •  Supplemental clawback policy on variable pay •  Safety goals included in annual incentive •  Robust stock ownership requirements			•  No guaranteed annual salary increases or bonuses •  No excessive perks •  No personal income tax gross-ups •  No automatic acceleration of unvested stock incentive awards in the event of termination •  No enhanced retirement formula or incentives •  No enhanced death benefits for executives •  No hedging or pledging of Company stock

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

PROPOSAL #3:

Ratification of the Appointment of Baker Tilly as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2026

 

Audit fees include fees for the audit of the annual financial statements, including required quarterly reviews, the audit of the Company’s internal control over financial reporting, and services in connection with other regulatory filings. Fees for services billed by the Company’s principal accountant, Baker Tilly (and its predecessor Moss Adams LLP (“Moss Adams”)), for the years ended December 31, 2025 and 2024 were as follows:

 

2025 $ 1,509,000

2024 $ 1,555,000

 

Voting Information

 

Vote Results

 

At the Annual Meeting, NWPX Infrastructure will announce preliminary vote results for those items of business properly presented. Within four business days of the Annual Meeting, the Company will disclose the preliminary results (or final results, if available) in a Current Report on Form 8‑K filed with the SEC.

 

Record Date and Who Can Vote

 

Stockholders owning NWPX Infrastructure common stock at the close of business on April 9, 2026, the Record Date, or their legal proxy holders, are entitled to vote at the Annual Meeting. At the close of business on the Record Date, there were 9,637,008 shares of NWPX Infrastructure common stock outstanding. Each outstanding share of NWPX Infrastructure common stock is entitled to one vote.

 

Quorum

 

The quorum requirement for holding the Annual Meeting and transacting business is a majority of the outstanding shares entitled to be voted. The shares may be present in person or represented by proxy at the Annual Meeting. Both abstentions and broker non-votes are counted as present for the purpose of determining the presence of a quorum. Virtual attendance at the Annual Meeting constitutes presence in person for quorum purposes at the meeting.

 

Confidential Voting

 

Proxy cards, instructions, and voting tabulations that identify individual shareholders are handled in a manner that protects your voting privacy. Your vote will not be disclosed either within the Company or to third parties except (i) as necessary to meet applicable legal requirements, (ii) to allow for the tabulation of votes and certification of the vote, or (iii) to facilitate a successful proxy solicitation by the Board of Directors. Occasionally, shareholders provide written comments on their proxy card, which are then forwarded to the Company’s management.

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

Notice and Access

 

This Proxy Statement and the Company’s 2025 Annual Report to Shareholders for the Annual Meeting to be held on June 10, 2026 are also available at www.proxyvote.com.

 

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Governance Principles

NWPX Infrastructure’s Board of Directors and management have committed themselves to establishing a strong corporate governance environment and to adopting best practices to meet the needs and goals of the Company. As part of that commitment, the Company has adopted Corporate Governance Principles, which cover such topics as qualifications and independence of Board members, the selection, orientation, and continuing education of Board members, as well as other topics designed to promote effective governance by the Board. The Company has also adopted a Code of Business Conduct and Ethics, which applies to all employees, officers, and directors of the Company. It sets forth guidance to help in recognizing and dealing with ethical issues, to provide mechanisms for anonymous reporting of unethical conduct and concerns about financial reporting or other accounting matters without fear of retaliation, and to promote a culture of honesty and accountability. In addition, the Company has adopted a Code of Ethics for Senior Financial Officers, which applies to senior financial officers and sets forth guidance to deter wrongdoing, promote honest and ethical conduct, and promote a culture of integrity and fairness.

Copies of the Corporate Governance Principles, Code of Business Conduct and Ethics, and Code of Ethics for Senior Financial Officers are available on the Company’s website at www.nwpx.com under “Investors” — “Corporate Governance,” or by writing to the Company’s Corporate Secretary, NWPX Infrastructure, Inc., 201 NE Park Plaza Drive, Suite 100, Vancouver, Washington 98684.

Director Elections

While directors are elected by a plurality of votes cast, the Company’s Corporate Governance Principles include a director resignation policy, requiring a director who receives a greater number of votes “withheld” from his or her election than votes “for” in such election shall submit to the Board of Directors a letter of resignation for consideration by the Nominating and Governance Committee. The Nominating and Governance Committee shall recommend to the Board the action to be taken with respect to such offer of resignation. The Board shall act promptly with respect to each such letter of resignation and publicly disclose its decision and rationale within 90 days following certification of the shareholder vote.

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The Company’s Board of Directors continually assesses the appropriateness of the continued service of newly elected directors. Accordingly, to the extent consistent with the Company’s Articles of Incorporation and applicable law, each person who is being nominated by the Board to his or her first term as a director shall be nominated for election for a one-year term. Where such person must be elected to a class of directors whose term would not expire at the next Annual Meeting of Shareholders, a new director is required to submit a letter of resignation, the effectiveness of which is contingent upon the acceptance of such resignation by the Board, upon recommendation by the Nominating and Governance Committee, at any time after such person’s election to the Board and prior to the next Annual Meeting of Shareholders. This important feature provides time to evaluate the director’s skills and whether they meet the needs of the business.

Director Independence

The current Board of Directors consists of seven directors, one of whom is currently employed by the Company (Mr. Montross). The Board has affirmatively determined that all of the other directors (Mss. Julian and Lockridge and Messrs. Franson, Larson, Paschal, and Roman) are “independent” in accordance with the standards of the Nasdaq Stock Market, including standards related to independence for service on the committees on which they serve, and as defined by the director independence guidelines included in the Company’s Corporate Governance Principles.

Criteria for Director Independence

For a director to be considered independent, the director must not have any material relationships with NWPX Infrastructure, either directly or as a partner, controlling shareholder, or officer of an organization that has a relationship with the Company, other than as a director or shareholder of NWPX Infrastructure. Material relationships can include vendor, supplier, consulting, legal, banking, accounting, charitable, and family relationships, among others. The Board of Directors considered all relevant facts and circumstances in making its determination of independence, including the following:

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Board of Directors Primary Areas of Risk Oversight
	✔	General strategic, commercial, operational, regulatory (including taxes and tariffs), and economic risks
	✔	Governance and enterprise-wide culture that supports awareness and the identification, escalation, and appropriate management of business risks
	✔	Integrity, ethics, and compliance with its Code of Business Conduct and Ethics
	✔	Financial projections including liquidity management
	✔	Strategic acquisition transactions, including execution and integration, and the competitive landscape for such acquisitions
	✔	Mitigation of concerns arising from cybersecurity, artificial intelligence, environmental matters, and other litigation
	✔	Review of any other material transactions such as agreements involving corporate indebtedness, legal settlements or structure, commitments, or partnerships

Board Leadership Structure and Risk Oversight

The Company’s Corporate Governance Principles provide that the independent members of the Board of Directors will select a lead director from among the independent directors if the positions of Chairperson of the Board and CEO are held by the same person, if the Chairperson of the Board is not an independent director, or if the Board otherwise determines that a lead director is appropriate. The responsibilities of the Chairperson of the Board include the following: set Board meeting agendas in collaboration with the CEO; preside at Board meetings and the annual shareholders meeting; assign tasks to the appropriate committees; serve as an ex-officio member of each Board committee; and ensure that information flows openly between the management and the Board. The responsibilities of the lead director include the following: coordinate the activities of the independent directors; make recommendations to the CEO in setting Board meeting agendas on matters concerning the independent directors; prepare the agenda for executive sessions of the independent directors, chair those sessions, and be primarily responsible for communications between the independent directors and the CEO; evaluate, along with the members of the Compensation Committee, the performance of the CEO; assist the Nominating and Governance Committee in the annual self-evaluation of the Board; recommend to the Chairperson of the Board the retention of consultants, as necessary or appropriate, who report directly to the Board; advise the Chairperson of the Board as to the quality, quantity, and timeliness of information sent to the Board; consult with other members of the Board as to recommendations for Board and committee membership and chairpersons of the Board committees, and interview Board candidates; and perform such other duties as the Board may from time to time designate.

Mr. Roman, who has served as the Chairperson of the Board since January 2013, was not “independent” within the meaning of the applicable rules of the Nasdaq Stock Market until October 1, 2021 because of his previous employment with the Company. Mr. Franson was appointed as the Board’s Lead Director in August 2016 while Mr. Roman was not considered “independent” within the meaning of the applicable rules of the Nasdaq Stock Market. Despite Mr. Roman now meeting the definition of “independent,” the Board has determined to retain Mr. Franson’s Lead Director designation, as a reflection of the Board’s commitment to principles of independence.

2026 Proxy Statement

Board’s Role in Risk Oversight

The Board of Directors oversees management’s Company-wide risk management activities which include assessing and taking actions necessary to manage risks incurred in connection with the long-term strategic direction of the Company and the operation of its business. The Board uses its committees to assist in its risk oversight function.

While senior management has primary responsibility for managing risk, the Board of Directors has responsibility for risk oversight with specific risk areas delegated to relevant Board Committees who report on their deliberations to the Board. The Board relies on senior management to keep it informed with respect to the nature of risks facing the Company and how the Company is managing those risks.

Risk Focus Areas for 2025

Cybersecurity		The Board of Directors acknowledges the Company operates in a business environment encumbered by the increased risk of cyberattacks. The Audit Committee is responsible for oversight of the Company’s cybersecurity program and discusses the topic at least quarterly. The Audit Committee is involved with the review of management’s risk assessment process and formulation of policies and procedures to prevent, detect, and to the extent it could become applicable in the future, mitigate the effects of a discovered breach. The Board’s expertise in risk assessment has been further enhanced with the Audit Committee chairperson earning a certification in cybersecurity risk, providing the Company with the appropriate oversight to this evolving threat. The Audit Committee believes that the Company’s efforts require continuous review due to the speed at which these types of criminal behaviors evolve, and due to the inherent risk with cybersecurity, maintaining insurance is necessary to help protect the residual operational and financial risks involved which are not otherwise mitigated.
Artificial Intelligence		The Board of Directors, through the Audit Committee, oversees the Company’s governance of Artificial Intelligence (“AI”) and related risks. Senior leadership, including the Vice President of Information Technology, discuss the Company’s AI strategy with leadership and the Board of Directors. The Board regularly assesses AI matters in the context of the Company’s proprietary information.

Board of Director’s Meetings

Regular attendance at the Company’s Board of Directors meetings and the Annual Meeting is expected of each director. The Board held five meetings during 2025, in addition to adopting unanimous written consents in lieu of a meeting. Each of the directors attended more than 75% of the total number of Board and applicable Committee meetings during their tenure in 2025. In addition, all of the directors serving at that time attended the Company’s 2025 Annual Meeting of Shareholders.

Board of Director’s Committees

The Board of Directors has an Audit Committee, a Compensation Committee, an Environmental and Social Governance Committee, and a Nominating and Governance Committee. Each of the Committees consists of independent directors and each of the Committees has adopted a written charter which is available on the Company’s website at www.nwpx.com under “Investors” — “Corporate Governance.” The tables below list the current membership of each Committee.

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Communications with Directors

Any shareholder who wants to communicate with members of the Board of Directors, individually or as a group, may do so by writing to the intended member or members of the Board, c/o Chairperson of the Board, NWPX Infrastructure, Inc., 201 NE Park Plaza Drive, Suite 100, Vancouver, Washington 98684. Communications should be sent by overnight or certified mail, return receipt requested. All communications will be submitted to the intended member(s) of the Board in a timely manner.

2026 Proxy Statement

Nominations by Shareholders

In identifying qualified candidates for the Board of Directors, the Nominating and Governance Committee will consider recommendations by shareholders. Shareholder recommendations as to candidates for election to the Board may be submitted to the Company’s Corporate Secretary, NWPX Infrastructure, Inc., 201 NE Park Plaza Drive, Suite 100, Vancouver, Washington 98684. The Nominating and Governance Committee will evaluate potential nominees, including candidates recommended by shareholders, by reviewing qualifications, considering references, and reviewing and considering such other information as the members of the Nominating and Governance Committee deem relevant.

The Company’s Bylaws permit shareholders to make nominations for the election of directors, if such nominations are made pursuant to timely notice in writing to the Company’s Secretary. To be timely, in accordance with the Company’s Bylaws, notice must be delivered to, or mailed to and received at, the principal executive offices of the Company not less than 90 days nor more than 120 days prior to the first anniversary of the preceding year’s annual meeting. If the date of the annual meeting of shareholders is more than 30 days prior to, or more than 60 days after, the first anniversary of the date of the preceding year’s annual meeting, to be timely, a shareholder’s notice must be received no earlier than the 120th day prior to such annual meeting and not later than the close of business on the later of (i) the 90th day prior to such annual meeting and (ii) the 10th day following the day on which public disclosure of the date of the meeting is first made by the Company. Any nominations for the 2027 Annual Meeting of Shareholders must be received by the Company no later than March 12, 2027.

Any nominations by shareholders must also comply with the timing, disclosure, procedural and other requirements as set forth in the Company’s Bylaws, as well as any other applicable requirements set forth in Exchange Act Rule 14a‑19 if the nominating shareholder intends to solicit proxies in support of their nominee, including that the nominating shareholder actually solicit holders of shares representing at least 67% of the voting power of the shares entitled to vote in the Company’s election of directors. A shareholder’s notice of nomination must set forth certain information specified in the Company’s Bylaws concerning each person the shareholder proposes to nominate for election and the nominating shareholder, and the shareholder and its nominee must undertake to provide supplemental information, agreements and questionnaires, as described in greater details in the Company’s Bylaws. The Company’s Bylaws, as amended effective December 14, 2023, expanded and clarified these notice and information requirements, along with certain other procedural matters.

Audit Committee Report

The Audit Committee reports to and acts on behalf of the Board of Directors and is comprised solely of directors who satisfy the independence, financial literacy, and other requirements set forth in the listing rules of the Nasdaq Stock Market and applicable securities laws. In addition, each member of the Audit Committee qualifies as an “audit committee financial expert” as defined by the rules of the SEC.

The Audit Committee operates under a written charter, approved and adopted by the Board of Directors, which sets forth its duties and responsibilities. This charter, which is available in full on the Company’s website at www.nwpx.com under “Investors” — “Corporate Governance”, is reviewed annually and updated, as appropriate, to address changes in regulatory requirements, authoritative guidance, evolving oversight practices, and investor feedback.

2026 Proxy Statement

As identified above, the Audit Committee’s primary duties and responsibilities are the oversight and monitoring of:

Management is responsible for preparing the Company’s financial statements and maintaining effective internal control over financial reporting. The independent registered public accounting firm is responsible for performing an independent audit of the Company’s financial statements in accordance with applicable auditing standards and issuing a report thereon, and for performing an independent audit of the effectiveness of the Company’s internal controls over financial reporting. In this context, the Audit Committee performed the following:

Based on the reviews and discussions described in this report, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2025 for filing with the SEC.

The Audit Committee’s responsibilities also include monitoring the qualifications, independence, and performance of the Company’s independent auditors. In reviewing the auditor’s performance, the Audit Committee considers the quality and efficiency of the services provided by the audit team and reviews and discusses the auditor’s most recent PCAOB inspection report and its system of quality control. The Committee also reviews and discusses proposed staffing levels and the selection of the lead engagement partner from the independent registered public accounting firm. Further, the Audit Committee recognizes the importance of maintaining the independence of the Company’s auditor, both in fact and in appearance. For 2025, the Audit Committee received and reviewed the written disclosures and letter provided by Baker Tilly as required by applicable requirements of the PCAOB regarding the independent accountant’s communications with the audit committee concerning independence, and the Audit Committee discussed with the independent accountants that firm’s independence. The Audit Committee concurs with Baker Tilly’s conclusion that they are independent from the Company and its management.

Respectfully submitted by the Audit Committee of the Board of Directors.

AUDIT COMMITTEE

Keith Larson, Chairperson

Michael Franson

Richard Roman

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Vote FOR!

Your Board of Directors unanimously recommends a vote for the nominated directors.

At the Annual Meeting, two directors will be elected, each to serve for a three-year term. The Board has nominated Scott Montross and John Paschal. Unless otherwise specified on the proxy, it is the intention of the persons named in the proxy to vote the shares represented by each properly executed proxy for the election of the nominees named below. The Board of Directors believes that the nominees will stand for election and will serve if elected as a director. However, if the person nominated by the Board fails to stand for election or is unable to accept election, the proxies will be voted for the election of such other person as the Board may recommend.

The Company’s Articles of Incorporation and Bylaws provide that the Board of Directors shall be composed of not less than six and not more than nine directors. The size of the Board is currently fixed at seven directors. Under the Company’s Articles of Incorporation and Bylaws, the Company’s directors are divided into three classes, with each class to be as nearly equal in number as possible. The term of office of only one class of directors expires each year, and their successors are generally elected for terms of three years, and until their successors are elected and qualified. The term of a director elected by the Board to fill a vacancy expires at the next annual shareholders’ meeting. There is no cumulative voting for election of directors.

The Nominating and Governance Committee has responsibility for identifying director nominees who collectively have the complementary experience, qualifications, skills, and attributes to guide the Company and function effectively as a Board. The Nominating and Governance Committee believes that the nominees presented in this proxy have the key personal attributes that are important to an effective Board of Directors: integrity, candor, analytical skills, willingness to engage management and each other in a constructive and collaborative fashion, and ability and commitment to devote significant time and energy to serve on the Board and its committees. The Company considers the following specific experiences, qualifications, and skills to be critical in light of its strategic priorities, business objectives, operations, and structure.

2026 Proxy Statement

Director Skills and Qualifications

Core Competencies

Senior Leadership		Experience serving as CEO or a senior executive as well as hands-on leadership experience in core management areas – such as strategic and operational planning, financial reporting, compliance, risk management, and leadership development – provide a practical understanding of complex organizations.
Financial Expertise		NWPX Infrastructure believes an understanding of finance and financial reporting processes is important for its directors to enable them to monitor and assess the Company’s operating and strategic performance and to ensure accurate financial reporting and robust controls. The Company seeks directors with background and experience in capital markets, corporate finance, mergers and acquisitions, accounting, and financial reporting.
Risk Management		In light of the Board of Directors’ role in risk, the Company seeks directors who can help identify, manage, and mitigate key risks, including cybersecurity, regulatory compliance, competition, brand integrity, human capital, and intellectual property.
Cybersecurity		Experience overseeing cybersecurity and technology risk, including information security governance, data privacy, and regulatory compliance supports the Company’s strategies to prevent and respond to attacks.
Public Board Governance		Service on the boards and board committees of other public companies provides an understanding of corporate governance practices and trends and insights into board management, relations between the board, the CEO, and senior management, agenda setting, and succession planning.
Industries, End Markets, and Growth Areas		Experience in industries, end markets, and growth areas that the Company serves enables a better understanding of the issues facing these businesses.
Sales		Growing sales outside of the water transmission systems market, particularly in the precast concrete and engineered solutions market, is one of the Company’s long-term growth strategies. Hence, exposure to manufacturing economies is an important qualification for Company directors.
Regulated Industries and Government Experience		The Company’s customers and project stakeholders are subject to a broad array of government regulations, and demand for products and services can be impacted by changes in law or regulation in areas such as safety, environmental, and energy efficiency. It is important to have directors with experience in government and regulated industries that provide insight and perspective in working constructively and proactively with governments and municipalities.
Environmental and Sustainability		Manufacturing efficiency includes reducing environmental impact through all areas of the business. Experience in climate and sustainability-related strategic planning, risk mitigation, and management can help the Company identify value-creation strategies and the identification of goals that will have the most impact.

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Strategic Skills

Mergers and Acquisitions		Directors who possess knowledge of and experience with capital allocation strategies, strategic transactions, and mergers and acquisitions are necessary to achieve the Company’s goal to create transformational growth.
Innovation and Technology		The Company strives to lead the industry in water transmission and infrastructure innovation. Expertise in product development, testing, and introduction is critical to continuing new growth paths for the Company’s business.
Human Capital		The Company is committed to developing its human capital, including culture, health, and safety. Experience managing a large workforce brings understanding to the oversight of one of the Company’s key resources.
Marketing		Driving growth in existing and new markets is critical for Company growth. The Company’s directors who have that expertise and a much-desired perspective in marketing will aid in delivery of the Company’s products and services.
Artificial Intelligence		Experience with artificial intelligence provides valuable perspectives surrounding future investments in automation from the back office to the production floor as the Company builds out its technology infrastructure.

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Board Skillset Matrix

Nominees and Continuing Directors

The following table sets forth the names of and certain information about the Board of Directors’ nominees for election as a director and those directors who will continue to serve after the Annual Meeting.

2026 Proxy Statement

Nominees for Director

Scott Montross Years as a Director: 13 Age: 61 Committees: None Independent: No Other directorships: None

John Paschal Years as a Director: 6 Age: 67 Committees: Nominating and Governance Committee (Chairperson) and Environmental and Social Governance Committee Independent: Yes Other directorships: None

2026 Proxy Statement

Michael Franson - Lead Director Years as a Director: 21 Age: 71 Committees: Compensation Committee (Chairperson) and Audit Committee Independent: Yes Other directorships: None

Specific Experience, Qualifications, Attributes, and Skills: ✔ Significant management and finance experience gained through senior leadership positions ✔ Extensive experience with merger and acquisition transactions ✔ Expertise in information technology ✔ Deep understanding of corporate finance including investment banking, financial analysis, capital fundraising, and financial advisory services

Board of Director Tenure: Michael Franson has been a director of the Company since August 2016. Mr. Franson previously served on the Board from February 2001 until August 2005, and again from January 2007 until June 2014.   Business Experience: Mr. Franson has served as an independent consultant advising clients on mergers and acquisitions and strategic financial matters since July 2016 and as a Senior Advisor for Harrison Co., a boutique investment banking firm, since 2021. From 2014 to 2016, Mr. Franson was Managing Director and Global Head of Technology M&A at KPMG Corporate Finance LLC. From 2005 to 2014, Mr. Franson was a co-founder and President of St. Charles Capital LLC, an investment banking firm focused on mergers and acquisitions, raising private capital, and providing financial advisory services. From 2000 to 2005, Mr. Franson was a Managing Director at the Wallach Company, which was subsequently sold to KeyCorp, the parent of KeyBanc Capital Markets.   Education: Mr. Franson holds a BS in Marketing from California State University at Chico and an MBA in Finance from the University of Oregon, Charles H. Lundquist College of Business.

 

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ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

Amanda Julian, PhD, MA Years as a Director: 5 Age: 50 Committees: Environmental and Social Governance Committee (Chairperson) and Nominating and Governance Committee Independent: Yes Other directorships: None

Specific Experience, Qualifications, Attributes, and Skills: ✔ Extensive experience with organizational development and strategic human capital ✔ Deep experience in strategic planning, communications, leadership management, and finance gained through senior leadership positions ✔ Broad experience with corporate governance issues

Board of Director Tenure: Amanda Julian has been a director of the Company since July 2020.   Business Experience: Ms. Julian has been a senior partner of NeoPsy Systems, a firm specializing in management and organizational psychology, since June 2001. Ms. Julian has over 25 years of experience working with investors and top-level senior executives in building great companies. Ms. Julian provides investor and management teams with an understanding of how to maximize leadership effectiveness and build value creation through long-term strategic planning. Specifically, Ms. Julian specializes in applied research to assist in executive selection, executive development, organizational assessment, and strategic planning.   Education: Ms. Julian holds a PhD and MA in Industrial Psychology from Bowling Green State University and obtained her undergraduate degree from the University of Colorado Boulder.

 

Keith Larson Years as a Director: 18 Age: 68 Committees: Audit Committee (Chairperson), Compensation Committee, and Environmental and Social Governance Committee Independent: Yes Other directorships: AST SpaceMobile, Inc. (NASDAQ: ASTS)

Specific Experience, Qualifications, Attributes, and Skills: ✔ Extensive management, operational, technology, networking, and cybersecurity experience as well as corporate governance for a multinational public company ✔ Deep understanding of public policy and global economic indicators, risk assessment, and financial administration gained through leadership positions in Asia and western Europe ✔ Significant expertise in manufacturing, product design, and supply chain management

Board of Director Tenure: Keith Larson has been a director of the Company since May 2007.   Business Experience: Mr. Larson joined the board of directors of AST SpaceMobile, Inc. in January 2025, which is creating a space-based cellular broadband network. Mr. Larson served on the board of directors of Rogers Corporation, a publicly-held company, from December 2020 to May 2023, and is an advisor to other privately-held companies. Mr. Larson was a Vice President of Intel Corporation and Senior Managing Director of Intel Capital, until his retirement after 22 years in April 2019. As a Managing Director of Intel Capital, Mr. Larson managed a team of investment professionals focused on identifying, making, and managing strategic investments. Mr. Larson formerly served on the board of regents of a university and on a state government council, which oversaw approximately $80 billion in investments.   Education: Mr. Larson attended UCLA and holds a BS in Business Administration, Accounting (Cum Laude) from the University of Southern California.

 

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Table of Contents

ABOUT NWPX

VOTING ROADMAP

CORPORATE GOVERNANCE

DIRECTOR NOMINEES

EXECUTIVE COMPENSATION

INDEPENDENT ACCOUNTING

OTHER INFORMATION

Irma Lockridge Years as a Director: 3 Age: 53 Committees: Compensation Committee and Nominating and Governance Committee Independent: Yes Other directorships: Trinity Capital (NASDAQ: TRIN)

Specific Experience, Qualifications, Attributes, and Skills: ✔ Extensive experience in human resources, talent management, organizational design, and executive compensation ✔ Strong experience in strategy development, systems, and corporate communication ✔ Deep expertise in leadership development, succession planning, fostering corporate culture, and workplace belonging ✔ Broad experience in financial management, information technology systems, cybersecurity, and manufacturing processes

Board of Director Tenure: Irma Lockridge has been a director of the Company since February 2023.   Business Experience: Ms. Lockridge has served as the Chief People Officer at Laborie Medical Technologies, a subsidiary of Patricia Industries, part of Investor AB, since April 2026 where she is responsible for the people and culture organization, helping the company achieve its growth goals as part of the executive team. Ms. Lockridge served as the Chief People and Systems Officer at CoorsTek, a global engineered ceramics manufacturer, from April 2016 to April 2026. Prior to CoorsTek, Ms. Lockridge served as senior vice president of human resources in several businesses including Newell Brands, Western Union, TeleTech, and Colorado Casualty/Liberty Mutual Insurance. Ms. Lockridge has previous experience on both publicly traded and private company boards and currently serves on the board of directors of Trinity Capital.   Education: Ms. Lockridge holds a BA in Management from the Wharton Business School at the University of Pennsylvania and has attended several leadership academies at the Harvard Business School.