<SEC-DOCUMENT>0000900440-23-000065.txt : 20230530
<SEC-HEADER>0000900440-23-000065.hdr.sgml : 20230530
<ACCEPTANCE-DATETIME>20230530170014
ACCESSION NUMBER:		0000900440-23-000065
CONFORMED SUBMISSION TYPE:	SD
PUBLIC DOCUMENT COUNT:		2
<RULE>
<RULE-NAME>13p-1
<ITEM>
<ITEM-NUMBER>1.01
<ITEM-PERIOD>20221231
</ITEM>
<ITEM>
<ITEM-NUMBER>1.02
<ITEM-PERIOD>20221231
</ITEM>
</RULE>
FILED AS OF DATE:		20230530
DATE AS OF CHANGE:		20230530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALMONT INDUSTRIES INC
		CENTRAL INDEX KEY:			0000102729
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED STRUCTURAL METAL PRODUCTS [3440]
		IRS NUMBER:				470351813
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		SD
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31429
		FILM NUMBER:		23977445

	BUSINESS ADDRESS:	
		STREET 1:		15000 VALMONT PLAZA
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68154
		BUSINESS PHONE:		402-963-1000

	MAIL ADDRESS:	
		STREET 1:		15000 VALMONT PLAZA
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68154

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY MANUFACTURING CO
		DATE OF NAME CHANGE:	19680822
</SEC-HEADER>
<DOCUMENT>
<TYPE>SD
<SEQUENCE>1
<FILENAME>sd2023.htm
<DESCRIPTION>FORM SD
<TEXT>
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    <div style="text-align: center; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">WASHINGTON, DC 20549</div>
    <div><br>
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    <div><br>
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    <div style="text-align: center; font-weight: bold;">FORM SD</div>
    <div style="text-align: center; font-weight: bold;">Specialized Disclosure Report</div>
    <div><br>
    </div>
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    <div style="text-align: center;">Valmont Industries, Inc.</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
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    </div>
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          <td style="width: 34.02%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Delaware</div>
          </td>
          <td style="width: 30.99%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">1-31429</div>
          </td>
          <td style="width: 34.98%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">47-0351813</div>
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        <tr>
          <td style="width: 34.02%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
          </td>
          <td style="width: 30.99%; vertical-align: top;">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 34.98%; vertical-align: top;">
            <div style="text-align: center;">(IRS Employer Identification No.)</div>
          </td>
        </tr>

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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zf9928a7ceddc43608ef507458f52887d">

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          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">15000 Valmont Plaza</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 50%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Omaha, NE</div>
          </td>
          <td style="width: 50%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">68154</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">(Address of principal executive offices)</div>
          </td>
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            <div style="text-align: center;">(Zip Code)</div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="za67c2ac58c0b4f0980135d3c4124ee01">

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          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Avner M. Applbaum, Executive Vice President and Chief Financial Officer&#160; &#160; (402) 963-1000</div>
          </td>
        </tr>
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          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Name and telephone number, including area code, of the person to contact in connection with this report.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><u>&#160;&#160;X&#160; </u>&#160; Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2022.</div>
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    <div style="margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">Section 1 - Conflict Minerals Disclosure</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">Item 1.01&#160; <u>Conflict Minerals Disclosure and Report</u></div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">The Conflict Minerals Report of Valmont Industries, Inc. is attached hereto as Exhibit 1.01 and incorporated by this reference.</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">A copy of the foregoing report and Valmont&#8217;s Policy on Conflict Minerals are publicly available at www.valmont.com under &#8220;Investors &#8211; Governance &#8211; Conflict Minerals&#8221;.</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">Item 1.02&#160; <u>Exhibit</u></div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">The Conflict Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this form.</div>
    <div style="margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">Section 2 - Exhibits</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">Item 2.01&#160; <u>Exhibits</u></div>
    <div style="margin-bottom: 12pt; font-size: 12pt;"><a href="ex101.htm">Exhibit 1.01 &#8211; Conflict Minerals Report.</a></div>
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    <div style="text-align: center; margin-bottom: 12pt; font-size: 12pt;">SIGNATURES</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.</div>
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            <div style="font-size: 12pt;">Valmont Industries, Inc.</div>
          </td>
          <td style="width: 45.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 54.7%; vertical-align: top;">
            <div style="font-size: 12pt;">(Registrant)</div>
          </td>
          <td style="width: 45.3%; vertical-align: top;">
            <div style="font-size: 12pt;">Date:&#160; May 30, 2023</div>
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          <td style="width: 54.7%; vertical-align: top;">&#160;</td>
          <td style="width: 45.3%; vertical-align: top;">&#160;</td>
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            <div style="font-size: 12pt;">/s/ Gene Padgett</div>
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          <td style="width: 54.7%; vertical-align: top;">
            <div style="font-size: 12pt;">By: Gene Padgett</div>
          </td>
          <td style="width: 45.3%; vertical-align: top;">&#160;</td>
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          <td style="width: 54.7%; vertical-align: top;">
            <div style="margin-left: 22.5pt; font-size: 12pt;">Senior Vice President and Controller</div>
          </td>
          <td style="width: 45.3%; vertical-align: top;">&#160;</td>
        </tr>

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<TYPE>EX-1.01
<SEQUENCE>2
<FILENAME>ex101.htm
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    <div style="text-align: right; font-size: 12pt;">Exhibit 1.01</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Valmont Industries, Inc.</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Conflict Minerals Report</div>
    <div style="text-align: center; margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">For the Calendar Year Ended December 31, 2022</div>
    <div style="text-align: center; margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">INTRODUCTION</div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">Valmont Industries, Inc. is a global leader that provides vital infrastructure and advances agricultural productivity
      while driving innovation through technology.&#160; In Valmont&#8217;s Infrastructure segment , Valmont manufactures and distributes products and solutions to serve infrastructure markets of utility, renewable energy, lighting, transportation and
      telecommunications, and coatings services to preserve and protect metal products. In Valmont&#8217;s Agriculture segment, Valmont manufactures center pivot and linear irrigation equipment for agricultural markets, including parts and tubular products, and
      advanced technology solutions for precision agriculture. This Report has been prepared pursuant to Rule 13p-1 under the Securities Exchange Act of 1934, as amended, and statements issued by the Securities and Exchange Commission for the reporting
      period from January 1 to December 31, 2022.</div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">This Report relates to the process undertaken for Valmont products that were manufactured, or contracted to be
      manufactured, during calendar year 2022 and that may contain gold, tantalum, tin and tungsten.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">Valmont Policy</div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">Valmont supports the objective of preventing armed groups in the Democratic Republic of the Congo (DRC) or adjoining
      countries from benefitting from sourcing of conflict minerals from that region. Conflict minerals include gold, tin, tantalum, and tungsten (collectively, the &#8220;3TG&#8221;). The Dodd-Frank Act and related SEC rules require public companies to report to the
      SEC the presence of conflict minerals originating in the DRC or adjoining countries in the products they manufacture or contract to manufacture if the conflict minerals are necessary to the functionality or the production of a product.</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">Valmont does not source conflict minerals directly from smelters or mines. Valmont evaluates its product line to
      determine which components of its products supplied by third parties may contain any of the 3TG necessary to product functionality or production. When Valmont determines a third party component contains any of these minerals, it surveys the suppliers
      of the product component on their sourcing, using an industry-approved survey for conflict minerals.</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">Valmont is committed to responsible conflict-free sourcing and to working with its suppliers to ensure they share this
      philosophy and are engaged in responsible conflict-free sourcing.</div>
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    <div style="text-align: center; margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">DUE DILIGENCE</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">Design of Due Diligence</div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">Valmont designed its due diligence measures in all material respects to conform to the Organization for Economic
      Co-operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including the related supplements on tantalum, tin, tungsten and gold.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">Due Diligence Performed</div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">In connection with identifying and assessing 3TG in the supply chain, Valmont engages in meetings with its internal
      management of group presidents and selected engineers to determine if any 3TGs were necessary to the functionality of Valmont products or production.&#160; This evaluation included an analysis of components purchased by Valmont necessary for the
      production of its products. The evaluation was designed to ascertain:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z16bed0006521465ba73a9ffc01af44e4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

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              <div style="text-align: left; margin-left: 18pt; margin-bottom: 12pt; font-size: 12pt;">&#8226;</div>
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            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt; font-size: 12pt;">if any of the 3TG were contained in any products produced at Valmont manufacturing facilities or used in the production
                process;</div>
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    <div>
      <table cellspacing="0" cellpadding="0" id="z73070ce029f342aa8a5f09962e4680db" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

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              <div style="text-align: left; margin-left: 18pt; margin-bottom: 12pt; font-size: 12pt;">&#8226;</div>
            </td>
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              <div style="margin-bottom: 12pt; font-size: 12pt;">if any of the 3TG were necessary to the functionality or necessary to the production of a product manufactured or contracted to
                be manufactured at Valmont manufacturing facilities; and</div>
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    <div>
      <table cellspacing="0" cellpadding="0" id="z83349088fc7b441b8d48b041beba7673" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

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              <div style="text-align: left; margin-left: 18pt; margin-bottom: 12pt; font-size: 12pt;">&#8226;</div>
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            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt; font-size: 12pt;">if any of the 3TG were contained in any products, used in the production process, or necessary to the functionality or
                production then whether any of the used 3TG were sourced from or originated from the DRC or an adjoining country.</div>
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    </div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">Based on its evaluation, Valmont determined that gold, tantalum and tin may be present in certain circuit boards, and
      related connectors and capacitors, manufactured by its suppliers and used in Valmont&#8217;s irrigation product line.</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">The suppliers from whom Valmont purchased in excess of a minimum value threshold of products were asked to undertake
      the following actions:</div>
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      <table cellspacing="0" cellpadding="0" id="z05aede1bfe8545d9b8feaf3c0f62575c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

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              <div style="text-align: left; margin-left: 18pt; margin-bottom: 12pt; font-size: 12pt;">&#8226;</div>
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            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt; font-size: 12pt;">Determine if any of their products / components contain tin, tungsten, tantalum, and / or gold.</div>
            </td>
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      <table cellspacing="0" cellpadding="0" id="zdb8e53f4dfa44048ac21d1dd845ace1d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

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              <div style="text-align: left; margin-left: 18pt; margin-bottom: 12pt; font-size: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt; font-size: 12pt;">Identify all the smelters in their supply chain that supply tin, tantalum, tungsten, and / or gold (and if the supplier did not
                source directly from smelters, then pass the request up its supply chain).</div>
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      <table cellspacing="0" cellpadding="0" id="zbe1ccf0e229646b69e949ca1712acc92" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

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              <div style="text-align: left; margin-left: 18pt; margin-bottom: 12pt; font-size: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt; font-size: 12pt;">Complete and return the reporting template.</div>
            </td>
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    </div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">The RBA/RMI (Responsible Business Alliance/Responsible Minerals Initiative) Conflict Minerals Reporting Template used
      by Valmont is an industry-standard survey template for conflict minerals. Valmont advised the suppliers that ultimately Valmont intended to assure itself that products and components in its supply chain do not contain metals that have contributed to
      the conflict in the DRC and adjoining countries.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">Due Diligence Responses</div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">Responses were received from the suppliers of the electrical components purchased by Valmont&#8217;s irrigation division in
      2022 whose sales to Valmont exceeded $500,000.&#160; The majority of those suppliers responded, and indicated that one or more of 3TG is necessary to the functionality of the electrical components they supply to us.&#160; Valmont&#8217;s revenues in 2022 were in
      excess of $4.3 billion and its purchases from the relevant suppliers for all products, including products without 3TG, were approximately $91.3 million.&#160; Some suppliers did not respond to repeat inquiries by Valmont.&#160; Valmont is unable to determine
      conclusively the countries of origin of the 3TG.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">Steps To Be Taken To Mitigate Risk</div>
    <div style="text-indent: 36pt; margin-bottom: 6pt; font-size: 12pt;">Valmont continues its due diligence process, and in accordance with its policy, is working to improve communications
      with its suppliers to mitigate the risk that the necessary 3TG contained in its products could benefit armed groups in the DRC or adjoining countries.</div>
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