Feb 26, 4:36 PM ET
Federal Signal's board increased its size from seven to nine directors and appointed Richard A. Maue, CFO of Crane Company, and Eric A. Vaillancourt, CEO of Enpro Inc., effective February 26, 2026. The filing describes the appointments as board additions with standard director compensation and no financial results, so they carry no direct financial figures for shareholders.
- Board expanded from seven to nine directors on February 26, 2026.
- Richard A. Maue joins the Audit Committee; he has been CFO of Crane Company since January 2013.
- Eric A. Vaillancourt joins the Compensation and Benefits Committee; he has been CEO of Enpro Inc. since November 28, 2021.
- Each new director receives a $90,000 annual base retainer and a $145,000 annual equity award beginning in 2026.
Read the filing on SEC.gov ↗
Dec 1, 3:41 PM ET
Federal Signal closed its acquisition of New Way Trucks on November 25, 2025, paying an initial $396 million plus $30 million for New Way's Iowa and Mississippi facilities and real estate rights, subject to adjustments. With the deal complete, the company raised its full-year 2025 net sales outlook to $2.12 billion to $2.16 billion and its adjusted EPS outlook to $4.12 to $4.20, though it expects the acquisition to be neutral to 2025 adjusted EPS.
- Initial purchase price of $396 million for New Way, plus $30 million for its manufacturing facilities and real estate rights, subject to closing and post-closing adjustments
- Acquisition completed November 25, 2025, under the Equity Purchase Agreement signed in September 2025
- Full-year 2025 net sales outlook raised to $2.12 billion to $2.16 billion, from $2.10 billion to $2.14 billion
- Full-year 2025 adjusted EPS outlook raised to $4.12 to $4.20, from $4.09 to $4.17; New Way backlog in excess of $100 million
Read the filing on SEC.gov ↗
Sep 25, 7:06 AM ET
Federal Signal Corporation agreed on September 24, 2025 to acquire Scranton Manufacturing Company Inc., doing business as New Way Trucks, a U.S. maker of refuse collection vehicles. The initial price is $396 million on a cash-free, debt-free basis, plus $30 million for New Way's Iowa and Mississippi facilities and up to $54 million in earn-out payments over two years. The company expects the deal to be neutral to earnings per share in 2026 and accretive by $0.40 to $0.45 per share in 2028, and it expects to close in the fourth quarter of 2025 subject to regulatory approval.
- Initial consideration of $396 million for New Way, plus $30 million for its manufacturing facilities and real estate rights in Iowa and Mississippi
- Contingent earn-out of up to $54 million based on specified financial targets over a two-year period
- Company expects the deal to be neutral to 2026 EPS and accretive by $0.40 to $0.45 per share in 2028, with $15 million to $20 million in annual run-rate synergies
- Financing will come from cash on hand and availability under the credit facility; closing is expected in the fourth quarter of 2025
Read the filing on SEC.gov ↗
Nov 21, 12:26 PM ET
Federal Signal Corporation increased its board from seven to eight directors and appointed Katrina L. Helmkamp as a director effective November 20, 2023. She will sit on the Audit Committee and receives an $80,000 annual base retainer plus a $9,000 committee retainer, with a $125,000 annual equity award beginning in 2024. The filing describes a routine board addition and does not report financial results.
- Katrina L. Helmkamp appointed to the board effective November 20, 2023; board expanded from seven to eight directors
- Helmkamp will serve on the Audit Committee; annual base retainer $80,000 and committee retainer $9,000, paid quarterly
- Annual equity award of $125,000 beginning in 2024; 50% of retainers paid in stock until she meets ownership requirements
- Previously served as CEO of Cartus Corporation from 2018 until retiring in January 2023
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.