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Insteel Industries, Inc. (IIIN)


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Insteel Industries, Inc.

1373 Boggs Drive
Mount Airy, NC 27030
United States
336-786-2141
http://www.insteel.com

SectorBasic Materials
IndustrySteel & Iron
Full Time Employees848

Key Executives

NameTitlePayExercisedAge
Mr. Howard Osler Woltz IIIChairman, Chief Exec. Officer and Pres1.48M1.96M61
Mr. Michael C. GazmarianChief Financial Officer, VP and Treasurer742.01k2.33M58
Mr. James F. PetelleVP of Admin. and Sec.477.43k703.01k67
Mr. Richard T. WagnerVP and GM - the Concrete Reinforcing Products Bus. Unit - Insteel Wire Products Company689.04k2.17M58
Mr. Scot R. JafroodiChief Accounting Officer and Corp. ControllerN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company’s WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, including engineered structural mesh (ESM), concrete pipe reinforcement (CPR), and standard welded wire reinforcement (SWWR). ESM is an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a replacement for hot-rolled rebar; CPR is an engineered made-to-order product that is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and SWWR is a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. The company sells its products through sales representatives to the manufacturers of concrete products, distributors, rebar fabricators, and contractors primarily in the United States, as well as in Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

Corporate Governance

Insteel Industries, Inc.’s ISS Governance QualityScore as of July 1, 2017 is 7. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 10; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.