8-K

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): January 06, 2022

PGT Innovations, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware	001-37971	20-0634715
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1070 Technology Drive
North Venice, Florida		34275
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: 941 480-1600

(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:

☐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 per share	PGTI	The New York Stock Exchange

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.

On January 6, 2022, PGT Innovations, Inc. (the “Company”) announced the appointment by its Board of Directors (the “Board”) of John E. Kunz as Senior Vice President and Chief Financial Officer, effective January 17, 2022. Brad West, the Company’s current Interim Chief Financial Officer and Senior Vice President of Corporate Development and Treasurer will return to his sole role as Senior Vice President of Corporate Development and Treasurer, effective the same date.

Prior to joining PGT Innovations, Mr. Kunz, age 57, served as Senior Vice President and Chief Financial Officer for U.S. Concrete, Inc., a formerly NASDAQ-listed concrete and aggregates products producer with total consolidated revenues of approximately $1.5 billion serving the construction industry from 2017 to 2021. Prior to that role, Mr. Kunz held various roles in finance, taxation and treasury from 2004 to 2017, including as Vice President, Corporate Controller and Principal Accounting Officer of Tenneco Inc. Prior to 2004, Mr. Kunz served in various finance roles with Great Lakes Chemical Corporation from 1999 to 2004, and with Weirton Steel Corporation from 1992 to 1999.

Mr. Kunz holds a Bachelor of Business Administration in Accounting from the University of Notre Dame, and a Master of Business Administration from Northwestern University Kellogg School of Management. Mr. Kunz also holds a license as a Certified Public Accountant in the State of Pennsylvania, which is currently on inactive status.

Mr. Kunz has no arrangements or understandings pursuant to which he was selected as an officer of the Company, no family relationships with any director or executive officer of the Company and does not have any transactions reportable under Item 404(a) of Regulation S-K.

In connection with his appointment as Senior Vice President and Chief Financial Officer, Mr. Kunz agreed to certain terms of employment set forth in an offer letter, dated December 31, 2021 (the “Offer Letter”). The Offer Letter provides for (1) an annual base salary of $495,000, (2) eligibility for an annual performance bonus with a target opportunity of 75% of Mr. Kunz’s base salary, (3) eligibility for an annual equity grant with a target opportunity of 150% of Mr. Kunz’s base salary, which will be divided equally between restricted stock and performance restricted stock units, (4) Company-paid relocation assistance, and (5) other customary employee benefits.

The press release announcing Mr. Kunz’s appointment as Senior Vice President and Chief Financial Officer is attached hereto as Exhibit 99.1, and incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits

(d)	Exhibits
Exhibit No.		Description
99.1		Press release of PGT Innovations, Inc., dated January 6, 2022
104		Cover Page Interactive Date File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

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 thereunto duly authorized.

			PGT INNOVATIONS, INC.
Date:	January 6, 2022	By:	/s/ Ryan S. Quinn
			Name: Ryan S. Quinn Title: General Counsel and Secretary

EX-99.1

EXHIBIT 99.1

 

NEWS RELEASE

PGT Innovations Appoints John Kunz as Chief Financial Officer

NORTH VENICE, Fla. – PGT Innovations, Inc. (NYSE: PGTI), a national leader in the premium window and door category, announced today the appointment of John E. Kunz as Senior Vice President and Chief Financial Officer, effective January 17, 2022.

Kunz brings over 25 years of experience in accounting, treasury, international finance and business operations to PGT Innovations. In his new role, he will lead the company’s finance strategy, budgeting and planning, accounting, financial reporting and investor relations functions, as well as provide strategic direction relating to the company’s information technology efforts.

“John is a proven CFO with nearly three decades of finance and accounting leadership experience, an impressive history of directing finance strategy, and a thorough understanding of key business drivers within the construction industry and their impact on financial results,” said Jeff Jackson, PGT Innovations Chief Executive Officer and President. “In addition, his success with merger and acquisition activities for publicly traded organizations aligns incredibly well with our Company’s long-term growth strategy. I’m pleased to welcome him to PGT Innovations, and we look forward to the leadership he will bring to our organization.”

Most recently, Kunz served as the Senior Vice President and Chief Financial Officer at U.S. Concrete, Inc. During his time there, Kunz partnered with the senior leadership team to identify strategic targets and markets, completed numerous acquisitions, and managed a highly leveraged capital structure, among other duties.

“I am delighted to join the PGT Innovations family at this stage in the Company’s trajectory,” said Kunz. “It’s extremely exciting to have the opportunity to assist the existing leadership team through a period of incredible growth and expansion.”

Kunz received his master’s degree in finance from Northwestern University and his bachelor’s degree in accounting from the University of Notre Dame. He also serves on the board of directors for the Wabash National Corporation.

Brad West, who has been serving as Interim CFO for PGT Innovations, will resume his role as Senior Vice President of Corporate Development and Treasurer.

“We thank Brad for his dedication and leadership during his time as our Interim Chief Financial Officer and for his assistance in our extensive search for the right candidate to take on this role,” said Jackson. “Brad has been an impactful member of our executive team, and we are grateful that he will continue his tenure and be part of our future growth.”

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About PGT Innovations

PGT Innovations manufactures and supplies premium windows and doors. Its highly engineered and technically advanced products can withstand some of the toughest weather conditions on earth and are revolutionizing the way people live by unifying indoor and outdoor living spaces.

PGT Innovations creates value through deep customer relationships, understanding the unstated needs of the markets it serves, and a drive to develop category-defining products. The company is also the nation’s largest manufacturer of impact-resistant windows and doors and holds the leadership position in its primary market.

The PGT Innovations’ family of brands includeCGI®,PGT®Custom Windows and Doors, WinDoor®,Western Window Systems, Anlin Windows & Doors, Eze-Breeze®,CGI Commercial,NewSouth Window Solutions, and a 75 percent ownership stake in Eco Window Systems. The company’s brands, in their respective markets, are a preferred choice of architects, builders, and homeowners throughout North America and the Caribbean. Their high-quality products are available in custom and standard sizes with massive dimensions that allow for unlimited design possibilities in residential, multi-family, and commercial projects. For additional information, visitwww.pgtinnovations.com.

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PGT Innovations Contacts:

Media Relations:

Stephanie Cz, 941-480-1600

Corporate Communications Manager

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Document And Entity Information	Jan. 06, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 06, 2022
Entity Registrant Name	PGT Innovations, Inc.
Entity Central Index Key	0001354327
Entity Emerging Growth Company	false
Entity File Number	001-37971
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0634715
Entity Address, Address Line One	1070 Technology Drive
Entity Address, City or Town	North Venice
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34275
City Area Code	941
Local Phone Number	480-1600
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	PGTI
Security Exchange Name	NYSE