Apogee Enterprises, Inc.
−Removed: (Apogee, the Company or we) was incorporated under the laws of the State of Minnesota in 1949.
+Added: (Apogee, we, us, our or the Company) was incorporated under the laws of the State of Minnesota in 1949.
We are a leading provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection and enhanced viewing.
−Removed: Our Company has four reporting segments, with three of the segments serving the commercial construction market:
+Added: We have four reporting segments, with three of the four segments serving the non-residential construction market, and the fourth serving the custom framing and fine art market:
• The Architectural Framing Systems Segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems for the exterior of buildings.
−Removed: In fiscal 2023, this segment accounted for approximately 45 percent of our net sales.
+Added: In fiscal 2024, this segment accounted for approximately 42% of our net sales.
+Added: • The Architectural Glass Segment coats and fabricates high-performance glass used in custom window and wall systems on non-residential buildings.
+Added: In fiscal 2024, this segment accounted for approximately 24% of our net sales.
• The Architectural Services Segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install building glass and curtainwall systems.
−Removed: In fiscal 2023, this segment accounted for approximately 29 percent of our net sales.
−Removed: • The Architectural Glass segment coats and fabricates high-performance glass used in custom window and wall systems on commercial buildings.
−Removed: In fiscal 2023, this segment accounted for approximately 19 percent of our net sales.
−Removed: • The Large-Scale Optical Technologies (LSO) segment manufactures high-performance glazing products for the custom framing, fine art, and engineered optics markets.
−Removed: In fiscal 2023, this segment accounted for approximately 7 percent of our net sales.
−Removed: In fiscal 2022, we conducted a holistic strategic review of our business and the markets we serve.
−Removed: This review included extensive input from customers and industry influencers, along with detailed competitive benchmarking.
−Removed: We analyzed our portfolio of products, services, and capabilities to identify the best areas for future growth.
−Removed: We also evaluated our operating model to ensure we have the organizational structure and capabilities needed to deliver consistent profitable growth.
−Removed: Through this work, we validated the Company’s strengths that we can leverage as we move forward.
−Removed: We also identified opportunities for improved performance.
−Removed: Following this review, we established a new enterprise strategy, with three key elements:
+Added: In fiscal 2024, this segment accounted for approximately 27% of our net sales.
+Added: • The Large-Scale Optical (LSO) Segment manufactures high-performance glazing products for the custom framing, fine art, and engineered optics markets.
+Added: In fiscal 2024, this segment accounted for approximately 7% of our net sales.
+Added: Our enterprise strategy is based on the following three key elements:
Become the economic leader in our target markets.
−Removed: We will achieve this by developing a deep understanding of our target markets and aligning our businesses with clear go-to-market strategies to drive value for our customers through differentiated product and service offerings.
−Removed: We will also have a relentless focus on operational execution, driving productivity improvements, and maintaining a competitive cost structure, so that we may bring more value to our customers and improve our own profitability.
+Added: We are developing a deep understanding of our target markets and align our businesses with clear go-to-market strategies to drive value for our customers through differentiated product and service offerings.
+Added: We will focus on operational execution, driving productivity improvements, and maintaining a competitive cost structure, so that we may bring more value to our customers and improve our own profitability.
Actively manage our portfolio to drive higher margins and returns.
−Removed: We intend to shift our business mix toward higher operating margin offerings and improve our return on invested capital performance.
−Removed: We will accomplish this by allocating resources to grow our top performing businesses, actively addressing underperforming businesses, and investing to add new differentiated product and service offerings to accelerate our growth and increase margins.
+Added: We are shifting our business mix toward higher operating margin offerings in order to improve our return on invested capital performance.
+Added: We expect to accomplish this by allocating resources to grow our top performing businesses, actively addressing underperforming businesses, and investing to add new differentiated product and service offerings to accelerate our growth and increase margins.
Strengthen our core capabilities.
We are shifting from our historical, decentralized operating model, to one with center-led functional expertise that enables us to leverage the scale of the enterprise to better support the needs of the business.
−Removed: We are establishing a Company-wide operating system with common tools and processes that are based on the foundation of Lean and Continuous Improvement, which we are calling "Apogee Management System".
−Removed: This will be supported by a robust talent management program and a commitment to strong governance to ensure compliance and drive sustainable performance.
−Removed: We plan to continue to execute this strategy over the next several years.
−Removed: To measure our progress, we have established three consolidated enterprise financial targets, which we expect to achieve by the end of fiscal year 2025:
−Removed: • Return on Invested Capital (ROIC)* greater than 12 percent
−Removed: • Operating margin greater than 10 percent
+Added: In fiscal 2022, we established a Company-wide operating system with common tools and processes based on the foundation of Lean and Continuous Improvement, which we call the "Apogee Management System".
+Added: Our strategy is supported by a robust talent management program and a commitment to strong governance to ensure compliance and drive sustainable performance.
+Added: We set this strategy by developing a deep knowledge of the markets we serve and by gaining extensive input from customers and industry influencers, along with detailed competitive benchmarking.
+Added: We continually analyze our portfolio of products, services, and capabilities to identify the best areas for future profitable growth.
+Added: We also evaluate our operating model to ensure we have the organizational structure and capabilities needed to deliver consistent profitable growth.
+Added: Through this work, we validate strengths that we can leverage and identify opportunities to improve our performance.
+Added: We have made significant progress against our strategy and will continue to identify opportunities to build upon it.
+Added: To measure our progress, we established three consolidated enterprise financial targets:
+Added: • Adjusted Return on Invested Capital (ROIC) 1 greater than 12%
+Added: • Adjusted operating margin 1 greater than 10%
• Revenue growth greater than 1.2 times the overall non-residential construction market.
−Removed: *ROIC is a non-GAAP measure.
+Added: 1 Adjusted ROIC and adjusted operating margin are non-GAAP measures.
See discussion of non-GAAP measures within the Overview section of Management's Discussion and Analysis.
−Removed: In fiscal 2023, we made significant progress toward these financial targets through the execution of our strategy.
−Removed: We advanced our Lean and Continuous Improvement initiatives, which resulted in meaningful productivity improvements, particularly in Architectural Glass.
−Removed: We increased our focus on differentiated products and services, and effectively managed pricing to share in the value we delivered for our customers.
−Removed: We integrated the Sotawall business into the Architectural Services segment, in order to create a single, unified offering for larger custom curtainwall projects.
−Removed: We advanced several initiatives to strengthen our core
−Removed: capabilities, driving the standardization of key business processes and systems.We also relaunched our talent development and leadership training programs and added key talent across the organization.
+Added: In fiscal 2024, we drove further progress toward our strategic goals and financial targets.
+Added: We continued the deployment of the Apogee Management System across our business, supporting sustainable cost and productivity improvements.
+Added: We invested in organic growth initiatives, including capacity expansion in the Large-Scale Optical Segment and geographic growth in Architectural Services.
+Added: We increased our focus on differentiated products and services, and continued to diversify the mix of architectural projects that we serve while leaning more heavily into higher, value-added products.
+Added: We also advanced several initiatives to strengthen our core capabilities, driving the standardization of key business processes and systems, and strengthening talent management and leadership development programs.
Products and Services
−Removed: Architectural Framing Systems, Architectural Services and Architectural Glass segments
−Removed: These three segments primarily serve the construction industry and participate in various phases of the value stream to design, engineer, fabricate and install custom glass and aluminum window, curtainwall, storefront and entrance systems for the exterior of buildings, primarily in the commercial, institutional, and multi-family residential construction sectors.
−Removed: Our product and service offerings across these architectural segments allow architects to create distinctive looks for buildings such as health care facilities, government buildings, office towers, hotels, education and athletic facilities, retail centers, transportation centers, mixed use and multi-family residential buildings.
−Removed: Our solutions also help meet functional requirements such as energy efficiency, hurricane, blast and other impact resistance and/or sound control.
+Added: Architectural Framing Systems, Architectural Glass and Architectural Services Segments
+Added: These three segments primarily serve the non-residential construction industry and participate in various phases of the value stream to design, engineer, fabricate and install custom glass and aluminum window, curtainwall, storefront and entrance systems for the exterior of buildings, primarily in the non-residential construction sectors.
+Added: Our product and service offerings across these architectural segments allow architects to create distinctive looks for buildings in the non-residential construction industry such as healthcare facilities, government buildings, office towers, hotels, education and athletic facilities, retail centers, transportation centers, mixed use and multi-family residential buildings.
+Added: Our solutions also help meet functional requirements such as energy efficiency, hurricane, blast and other impact resistance and sound control.
Many of our architectural products and services help architects, developers, and building owners achieve their energy-efficiency and sustainability goals by improving energy performance, reducing greenhouse gas emissions, providing daylight and natural ventilation, and increasing comfort and safety for occupants.
−Removed: These products include high-performance thermal framing systems, energy efficient glass coatings, and sun control products such as sunshades and light shelves.
+Added: These architectural products include high-performance thermal framing systems, energy efficient glass coatings, and sun control products such as sunshades and light shelves.
Many of our framing systems products can be specified with recycled aluminum content and utilize environmentally friendly anodize and paint finishes.
−Removed: In addition, we offer a wide range of renovation solutions to help modernize aging buildings, providing significantly improved energy performance, while preserving historically accurate aesthetics.
+Added: In addition, we offer renovation solutions to help modernize aging buildings, providing significantly improved energy performance, while preserving historically accurate aesthetics.
Architectural Framing Systems Segment
−Removed: Our Architectural Framing Systems segment designs, engineers and fabricates aluminum window, curtainwall, storefront and entrance systems.
+Added: Our Architectural Framing Systems Segment designs, engineers and fabricates aluminum windows, storefront and entrance systems.
We also extrude aluminum and provide finishing services for metal components used in a variety of building materials applications, as well as plastic components for other markets.
−Removed: Architectural Services segment
−Removed: Our Architectural Services segment delivers value by integrating technical capabilities, project management skills and field installation services, to provide design, engineering, fabrication and installation for the exteriors of commercial buildings.
−Removed: Our ability to efficiently design high-quality window and curtainwall systems and effectively manage the installation of building façades enables our customers to meet schedule and cost requirements of their projects.
Architectural Glass Segment
2 unchanged sentences
We provide premium glass solutions to meet our customers’ design and energy-performance requirements.
−Removed: These include propriety, high-performance coatings, digital and silkscreen printing, heat soaking of tempered glass, and thermal spacers.
−Removed: The LSO segment provides coated glass and acrylic primarily for use in custom picture framing, museum framing, wall decor and technical glass for other display applications.
+Added: These include proprietary, high-performance coatings, digital and silkscreen printing, heat-soaking of tempered glass, and thermal spacers.
+Added: Architectural Services Segment
+Added: Our Architectural Services Segment delivers value by integrating technical capabilities, project management skills and field installation services, to provide design, engineering, fabrication and installation for the exteriors of non-residential buildings.
+Added: Our ability to efficiently design high-quality window and curtainwall systems and effectively manage the installation of building façades enables our customers to meet schedule and cost requirements of their projects.
+Added: The LSO Segment provides coated glass and acrylic primarily for use in custom picture framing, museum framing, wall decor and technical glass and acrylic for other display applications.
Products vary based on size and coatings to provide conservation-grade UV protection, anti-reflective and anti-static properties and/or security features.
Product Demand and Distribution Channels
−Removed: Architectural Framing Systems, Architectural Services and Architectural Glass segments
−Removed: Demand for the products and services offered by our architectural segments is affected by changes in the North American commercial construction industry, as well as by changes in general economic conditions.
−Removed: Additionally, the Architectural Glass segment has Brazilian operations which are impacted by Brazil's commercial construction industry and general economic conditions.
−Removed: We look at several external indicators to analyze potential demand for our products and services, such as U.S.
−Removed: and Canadian job growth, office vacancy rates, credit and interest rates, architectural billing statistics, and material costs.
+Added: Architectural Framing Systems, Architectural Glass and Architectural Services Segments
+Added: Demand for the products and services offered by our architectural segments is not only impacted by general economic conditions, but has historically been affected by changes in the North American non-residential construction industry, which is cyclical in nature.
+Added: We look to several external indicators to analyze potential demand for our products and services, such as U.S.
+Added: and Canadian job growth, office vacancy rates, credit and interest rates, architectural billing indices, and material costs.
We also rely on internal indicators to analyze demand, including our sales pipeline, which is made up of contracts in review, projects awarded or committed, and bidding activity.
−Removed: Our sales pipeline, together with ongoing feedback, analysis and data from our customers, architects and building owners, provide visibility into near- and medium-term demand.
+Added: Our sales pipeline, together with ongoing feedback, analysis and data from our customers, architects and building owners, provides visibility into near- and medium-term demand.
Additionally, we evaluate data on U.S.
and Canadian non-residential construction market activity, industry analysis and longer-term trends provided by external data sources.
−Removed: Our architectural products and services are used in subsets of the construction industry differentiated by the following types of factors:
−Removed: • Building type - Our products and services are primarily used in commercial buildings (office buildings, hotels and retail centers), institutional buildings (education facilities, health care facilities and government buildings), and multi-family residential buildings (a subset of residential construction).
−Removed: • Level of customization - Many of our projects involve a high degree of customization, as the product or service is designed to meet customer-specified requirements for aesthetics, performance and size, and local building codes.
+Added: Our architectural products and services are used in subsets of the non-residential construction industry differentiated by the following factors:
+Added: • Building type - Our products and services are primarily used in commercial buildings (office buildings, hotels and retail centers), institutional buildings (education facilities, health care facilities and government buildings), transportation facilities (airports and transit terminals), and multi-family residential buildings (a subset of residential construction).
+Added: • Level of customization - Many of our projects involve a high degree of customization, as the product or service is designed or fabricated to meet customer-specified requirements for aesthetics, performance and size, and local building codes.
• Customers and distribution channels - Our customers are mainly glazing subcontractors and general contractors, with project design being influenced by architects and building owners.
−Removed: Our window, curtainwall, storefront and entrance systems are sold using a combination of direct sales forces, independent sales representatives and distributors.
+Added: Our windows, curtainwall, storefront and entrance systems are sold using a combination of direct sales forces and independent sales representatives and distributors.
Our installation services are sold by a direct sales force in certain metropolitan areas in the U.S and Canada.
−Removed: Our high-performance architectural glass is primarily sold using both a direct sales force and independent sales representatives.
+Added: Our high-performance architectural glass is sold using both a direct sales force and independent sales representatives.
• Geographic location - We primarily supply architectural glass products and aluminum framing systems, including window, curtainwall, storefront and entrance systems, to customers in North America.
1 unchanged sentence
to have a national presence and we have the ability to provide installation project management throughout the U.S.
−Removed: Our Architectural Glass segment also supplies architectural glass products to customers in Brazil and certain other international locations.
In our LSO Segment, we have a leading brand of value-added coated glass and acrylic used in the custom picture-framing market, museum market, and various technical glass applications.
Under the Tru Vue brand, products are sold primarily in North America through national and regional retail chains using a direct sales force, as well as to local retailers through an independent distribution network.
−Removed: We have a global distribution network and also supply our products to museums, galleries and other customers in Europe, Asia and other international locations.
+Added: We have a global distribution network and supply our products to museums, galleries and other customers outside of North America, including Europe and Asia.
Competitive Conditions
−Removed: The North American commercial construction market is highly fragmented.
+Added: The North American non-residential construction market is highly fragmented.
Competitive factors include price, product quality, product attributes and performance, reliable service, on-time delivery, lead-time, warranties, and the ability to provide project management, technical engineering and design services.
2 unchanged sentences
Our Architectural Framing Systems Segment competes against several national, regional, and local aluminum window and storefront manufacturers, as well as regional finishing companies.
−Removed: Our businesses compete by providing a broad portfolio of high-quality products, robust engineering capabilities, and dependable, short lead-time service.
+Added: Our businesses compete by providing a broad portfolio of high-quality products, robust engineering capabilities, a vertically integrated manufacturing model, and dependable, short lead-time service.
+Added: Architectural Glass Segment
+Added: In our Architectural Glass Segment, we compete with regional glass fabricators and international competitors who can provide certain products with attributes similar to ours.
+Added: We differentiate by providing a wide range of high-quality products, including several proprietary offerings, that we can bundle together into customized solutions.
+Added: We maintain strong relationships with architects, developers, and other industry stakeholders, and provide strong customer service and reliable delivery.
Architectural Services Segment
2 unchanged sentences
Our capabilities include preconstruction services, engineering and design, project management, manufacturing, and field installation.
−Removed: We deliver these services using an operating model which reduces costs and risks for our customers, and we have established a track record of regularly meeting each project's unique execution requirements.
−Removed: Architectural Glass segment
−Removed: In our Architectural Glass segment, we experience competition from regional glass fabricators and international competitors who can provide certain products with attributes similar to ours.
−Removed: We differentiate by providing a wide range of high-quality products, including several proprietary offerings, that we can bundle together into customized solutions.
−Removed: We maintain strong relationships with architects, developers, and other industry stakeholders, and provide strong customer service and reliable delivery.
−Removed: Our LSO segment competes with European and U.S.
−Removed: providers of both basic and valued-added glass and acrylic.
−Removed: Our competitive strengths include innovative proprietary products and process technologies, a highly automated manufacturing model, innovative marketing programs, strong relationships with our customers, and an established distribution network.
+Added: We deliver these services using an operating model that is designed to reduce costs and risk for our customers, and we have established a track record of regularly meeting each project's unique execution requirements.
+Added: Our LSO Segment competes primarily with European, U.S., and Asia Pacific providers of both basic and valued-added glass and acrylic.
+Added: Our competitive strengths include innovative proprietary products and process technologies, a highly automated manufacturing model, innovative marketing programs, strong customer relationships, and an established distribution network.
We offer product and service warranties that we believe are competitive for the markets in which our products and services are sold.
8 unchanged sentences
Intellectual Property
−Removed: We have several patents, trademarks, trade names, trade secrets and proprietary technologies and customer relationships that we believe, in the aggregate, constitute a valuable asset.
−Removed: However, we do not believe that our business is materially dependent on any individual patent, trademark or other intellectual property asset.
−Removed: Activity in the construction industry is impacted by the seasonal impact of weather and weather events in our operating locations, with activity in some markets reduced in winter due to inclement weather.
+Added: We have several patents, trademarks, trade names, trade secrets and proprietary technologies and customer relationships that we believe constitute valuable assets, but we do not regard our business as being materially dependent on any single item or category of intellectual property.
+Added: We take measures that we believe to be appropriate to protect our intellectual property to the extent such intellectual property can be protected.
+Added: Activity in the non-residential construction industry is impacted by the seasonal impact of weather and weather events in our operating locations, with activity in some markets reduced in winter due to inclement weather.
Working Capital Requirements
Trade and contract-related receivables and other contract assets are the largest components of our working capital.
−Removed: Inventory requirements, mainly related to raw materials, are most significant in our Architectural Framing Systems and Architectural Glass segments.
+Added: Inventory requirements, mainly related to raw materials, are most significant in our Architectural Framing Systems, Architectural Glass, and LSO Segments.
Compliance with Government Regulations
−Removed: We are subject to various environmental and occupational safety and health laws and regulations in the United States and in other countries in which we operate.
+Added: We are subject to various environmental and occupational safety and health laws and regulations in the U.S.
+Added: and in other countries in which we operate.
These laws and regulations relate to, among other things, our use and storage of hazardous materials in our manufacturing operations and associated air emissions and discharges to surface and underground waters.
3 unchanged sentences
We believe we are currently in material compliance with all such laws and regulations.
−Removed: While we will continue to incur costs for compliance with government regulations for our ongoing operations, we do not expect these to have a material effect upon our capital expenditures, earnings or competitive position.
−Removed: At one manufacturing facility in our Architectural Framing Systems segment, we are continuing to work to remediate historical environmental impacts.
−Removed: These remediation activities are nearing completion and are being conducted without significant disruption to our operations.
Sustainability Focus
As a leading provider of architectural products and services, we are committed to integrating sustainable business practices and environmental stewardship throughout our business.
−Removed: Our company-wide commitment to sustainable business practices is focused on delivering long-term profitable growth while carefully stewarding the resources entrusted to us, and delivering products and services that address our customers’ increasing focus on energy efficiency and reducing their carbon footprint.
+Added: Our company-wide commitment to sustainable business practices is focused on delivering long-term profitable growth while carefully stewarding the resources entrusted to us, and delivering products and services that address our customers’ increased focus on energy efficiency and greenhouse gas reductions.
Our architectural products and services are key enablers of green building and sustainable design.
3 unchanged sentences
In addition, many of our framing products can be specified with recycled aluminum content.
−Removed: Our commitment to sustainable business practices and environmental stewardship also extends to our own operations.
−Removed: Through our Apogee Management System we are continually focused on incorporating environmentally sustainable manufacturing processes, eliminating waste, and minimizing our resource consumption.
−Removed: To further our efforts, we are planning to calculate our Scope 1 and Scope 2 greenhouse gas emissions and are committed to disclosing our baseline greenhouse gas emissions data in
−Removed: In addition to our company-wide environmental policy, we have policies at each facility to ensure compliance with all applicable environmental laws and regulations.
−Removed: We also strive to make a difference in the communities where we operate.
−Removed: Apogee has a long legacy of giving back to the communities where we do business through volunteerism, donations, and financial support.
−Removed: We work to strengthen the communities where we operate by investing in our business and creating good jobs.
+Added: Our commitment to sustainable business practices and environmental stewardship also extends to our own operations, including incorporating environmentally sustainable manufacturing processes, eliminating waste, and minimizing our resource consumption.
+Added: During fiscal 2024, we calculated and publicly disclosed our baseline Scope 1 and Scope 2 greenhouse gas emissions, along with data on enterprise-wide energy consumption.
+Added: We plan to use this data to evaluate new opportunities for reducing our emissions and energy use.
Human Capital Resources
−Removed: We had approximately 4,900 employees on February 25, 2023, down from 5,500 employees on February 26, 2022, of which 77 percent are male and 23 percent are female.
−Removed: As of February 25, 2023, approximately 610, or approximately 12 percent, of these employees were represented by U.S.
−Removed: labor unions.
+Added: We had approximately 4,400 employees on March 2, 2024, down from 4,900 employees on February 25, 2023, of which 78% are male and 22% are female.
+Added: As of March 2, 2024, approximately 367, or approximately 8%, of our employees are covered by collective bargaining agreements.
Based on the most recent information available from our latest filing with the U.S.
4 unchanged sentences
Multiracial, Native American, Native Hawaiian, and Pacific Islander 2%
−Removed: Competition for qualified employees in the markets and industries in which we operate is intense, and the success of our Company depends on our ability to attract, select, develop and retain a productive and engaged workforce.
+Added: Competition for qualified employees in the markets and industries in which we operate is significant, and our success depends on the ability to attract, select, develop and retain a productive and engaged workforce.
Investing in our employees and their well-being, offering competitive compensation and benefits, promoting diversity and inclusion, and adopting positive human capital management practices are critical components of our corporate strategy.
−Removed: Additional information related to our human capital management is available on our website at www.apog.com by clicking “Sustainability” and then “People”.
Health, Wellness and Safety
3 unchanged sentences
This commitment requires focus and dedication to fundamental aspects of our business to minimize the risk of accidents, injury, and exposure to health hazards.
−Removed: We will continue to develop an enterprise-wide health and safety program to build centralized oversight of workplace safety and to actively share best practices across our business.
+Added: In fiscal 2024, we adopted an enterprise-wide health and safety program to build centralized oversight of workplace safety and to actively share best practices across our business.
Our Apogee Safety Council meets regularly to review facility-level performance, maintain our policies, and provide short and long-term plans to achieve our ambition of achieving an incident rate of zero.
7 unchanged sentences
Diversity, Equity and Inclusion
−Removed: Our diversity, equity and inclusion program promotes a workplace where each employee’s abilities are recognized, respected, and utilized to further the Company’s goals.
+Added: Our diversity, equity and inclusion program promotes a workplace where each employee’s abilities are recognized, respected, and utilized to further our goals.
Our aim is to create an environment where people feel included as a part of a team because of their diversity of outlooks, perspectives, and characteristics, and have an equal opportunity to add value to our Company.
We strive to create a culture of inclusion, reduce bias in our talent practices, and invest in and engage with our communities.
−Removed: We conduct diversity and code of conduct trainings with employees and managers annually to define our expectations on creating an inclusive and diverse workplace, where all individuals feel respected and part of a team regardless of their race, national origin, ethnicity, gender, age, religion, disability, sexual orientation or gender identity.
+Added: We conduct diversity and Code of Business Ethics and Conduct trainings with employees and managers annually to define our expectations on creating an inclusive and diverse workplace, where all individuals feel respected and part of a team regardless of their race, national origin, ethnicity, gender, age, religion, disability, sexual orientation or gender identity.
Talent Management and Development
−Removed: Our talent management program is focused on developing employees and leaders to meet the Company's evolving needs.
+Added: Our talent management program is focused on developing employees and leaders to meet our evolving needs.
Employees are able to track and manage their growth through a performance management system and managers actively engage with their employees to provide coaching and feedback, identify training and development opportunities to improve performance in the employee’s current role, and to position the employee for future growth.
Training and development opportunities include new-hire training, job specific training, stretch assignments, and safety training.
−Removed: The Company also offers leadership development opportunities, such as our Apogee Leadership Program, along with technical training for engineers, designers and sales staff.
−Removed: In addition, the Company offers an education assistance program in which certain eligible employees receive tuition reimbursement to help defray the costs associated with their continuing education.
+Added: We also offer leadership development opportunities, along with technical training for engineers, designers and sales staff.
+Added: In addition, we offer an education assistance program in which certain eligible employees receive tuition reimbursement to help defray the costs associated with their continuing education.
Our executive leadership and Human Resources teams regularly conduct talent reviews and succession planning to assist with meeting critical talent and leadership needs.
2 unchanged sentences
Available Information
−Removed: We maintain a website at www.apog.com .
+Added: Our internet address is www.apog.com .
Through a link to a third-party content provider, our website provides free access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and, if applicable, amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act), as soon as reasonably practicable after electronic filing such material with, or furnishing it to, the Securities and Exchange Commission (SEC).
7 unchanged sentences
Prior to this position and since 2001, he held several 3M global business unit leadership roles, serving as Vice President and General Manager for divisions within Safety & Industrial, Transportation & Electronics, and the Consumer business groups.
+Added: 48 Executive Vice President and Chief Financial Officer of the Company since April 2023.
+Added: Prior to joining the Company, Mr.
+Added: Osberg served as Chief Financial Officer at Helen of Troy Limited, a global consumer products company.
+Added: Previously, Mr.
+Added: Osberg worked in finance roles at Best Buy Co., Inc.
+Added: and Ernst & Young LLP.
Curtis Dobler 59 Executive Vice President and Chief Human Resources Officer since April 2019.
4 unchanged sentences
Elliott served as Assistant General Counsel for the Company since 2014.
−Removed: Augdahl 57 Interim Chief Financial Officer of the Company since August 2022, Vice President of Finance of the Architectural Glass segment since 2017, and an employee of the Company since 2000.
−Removed: Johnson 61 Senior Vice President of the Company since 2018, Treasurer and Vice President since 2001 and an employee of the Company since 1995.
−Removed: Jewell 48 President of Architectural Framing Systems segment since August 2019.
+Added: Prior to joining the Company, Ms.
+Added: Elliott was a partner with Lindquist & Vennum, PLLP (n/k/a Ballard Spahr LLP).
+Added: Jewell 50 President of Apogee's Architectural Glass Segment since October 2023.
Prior to this role, Mr.
−Removed: Jewell served as Senior Vice President, Business Development and Strategy for the Company from May 2018 to August 2019 and in Senior leadership positions at Valspar, a developer, manufacturer and distributor of paints and coatings, from 2010 to 2017.
+Added: Jewell served as President of Apogee's Architectural Framing Systems segment from August 2019 to October 2023, and as Senior Vice President, Business Development and Strategy for the Company from May 2018 to August 2019.
+Added: Prior to joining the Company, Mr.
+Added: Jewell served in multiple Senior leadership positions at Valspar, a developer, manufacturer and distributor of paints and coatings, from 2010 to 2017.
Johnson 50 President of Apogee’s Architectural Services Segment since March 2020.
1 unchanged sentence
Johnson served in several leadership roles in the Architectural Services segment since 2011.
−Removed: Longman 51 President of the Architectural Glass segment since June 2021.
+Added: Longman 52 President of Apogee's Architectural Framing Systems Segment since October 2023.
+Added: Prior to this role, Mr.
+Added: Longman served as President of Apogee's Architectural Glass segment from June 2021 to October 2023.
Prior to joining the Company, Mr.
Longman served as Chief Executive Officer and Chief Operating Officer for Harvey Building Products, a manufacturer of windows, doors and accessory products, from March 2018 to November 2020 and in various functional and business leadership roles at Colfax Fluid Handling, a diversified technology company, from 2012 to 2018.
+Added: 59 President of Apogee’s Large-Scale Optical Segment since February 2006.
+Added: Prior to joining Apogee, Ms.
+Added: Boyce held general management and marketing leadership roles in consumer packaged goods companies including North American General Manager and Vice President of Marketing for Equal Sweetener (Merisant) and marketing roles with United Signature Foods, Quaker Oats and Kraft Foods.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.