Valmont Industries Audit Committee Appoints KPMG LLP as Independent Auditor

Valmont Industries, Inc. (NYSE: VMI) said its Audit Committee approved the appointment of KPMG LLP as Valmont’s independent registered public accounting firm for the fiscal year ending December 26, 2026 and related interim periods; the committee simultaneously dismissed Del, the disclosure shows but the remainder of that dismissal line is truncated in the available excerpt. The appointment for the 2026 fiscal year repeats the committee’s direct action to name KPMG as auditor for a defined reporting period.

The company’s Audit Committee has previously engaged KPMG for earlier reporting years. The Audit Committee engaged KPMG LLP as the Company’s independent registered public accounting firm for 2024, and, “based on the reviews and discussions referenced above, the Audit Committee recommended to the Board that the audited consolidated financial statements be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023,” the committee’s report states. Those filings link KPMG’s work to Valmont’s 2023 audited consolidated financial statements and to the committee’s ratification process for 2024.

The committee laid out the criteria it used in selecting and evaluating KPMG. “In making this selection, the Audit Committee considered KPMG LLP’s qualifications, discussed with KPMG LLP its independence, and reviewed the audit and non-audit services provided by KPMG LLP to the Company,” the Audit Committee report says. The committee also noted that it “regularly considers the independence, qualifications and performance of KPMG LLP” and reviews “the written disclosures and the letter received from KPMG LLP required by applicable requirements of the PCAOB regarding the independent registered public accountants’ communications with the Audit Committee concerning independence.” The committee’s evaluation “further included: (i) the results of an annual management survey of KPMG’s …” — that sentence is truncated in the available excerpt.

A representative of KPMG LLP will be present to answer questions at Valmont’s Annual Meeting, and “will be afforded the opportunity to make a statement at the meeting, if he or she desires to do so,” the proxy-language excerpt states. That attendance means shareholders at the Annual Meeting will have direct access to KPMG personnel about the scope and conclusions of the firm’s work, per the disclosure.

Several procedural details remain unclear in the excerpts provided. The disclosed dismissal line ends at “Del” and the full identity and effective date of the dismissed auditor are not present in the available text, and the clause after “after a” in one announcement excerpt is truncated. The Audit Committee report also truncates the description of the annual management survey and the completion of the sentence that begins “The Audit Committee and the Board believe that the continued retention of KPMG LLP to serve as the Company’s independent registered public accounting firm is in the best interests” — the remainder is not included. Full Form 8-K or proxy filings should be consulted for complete auditor dismissal details, effective dates, and any disclosed fees or non-audit services.