Apogee Enterprises Board Adopts Management Incentive Program
June 28, 2012

The board of directors of Apogee Enterprises Inc. recently adopted a new Executive Management Incentive Program, according to an 8-K filing made this week.

Though the incentive program is still subject so shareholder approval, it would "entitle each participant to receive a cash bonus payment after the end of a fiscal year if the applicable performance goals for payment of the bonus have been satisfied."

The plan would cap the maximum bonus that could be received during any fiscal year at $3 million.

Additionally, the company's shareholders recently elected several new members for its board of directors. Among these was Joseph Puishys, Apogee president and CEO. Puishys will serve as a Class II director for a three-year term that ends in 2015.