Federal Signal adds SPX CEO Eugene Lowe to board; plans Vactor plant expansion
Federal Signal's board increased its size from eight to nine directors and appointed Eugene J. Lowe, III, President and CEO of SPX Corporation, effective February 18, 2019. Separately, the company announced plans to expand the Streator, Illinois plant of its Vactor Manufacturing subsidiary, with up to $25 million of investment and up to 90 additional jobs. The filing does not give financial results or guidance.
Key points
- Eugene J. Lowe, III appointed to the board effective February 18, 2019; he will serve on the Audit Committee
- Director pay: $65,000 annual base retainer, $9,000 annual Audit Committee retainer, and $100,000 annual equity award
- Streator, Illinois expansion adds about 100,000 square feet; construction expected to begin in the first half of 2019
- Company expects to invest up to $25 million over the expansion project and add up to 90 jobs
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 21, 2019.
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.