INSTEEL INDUSTRIES INC
For the period ended Oct 3, 2026. Filed Oct 29, 2026.
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FY2026 · Filed Oct 29, 2026
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Item 4. Mine Safety Disclosures
Not applicable.
Information About Our Executive Officers
Our executive officers are as follows:
| Name | Age | Position |
|---|---|---|
| H. O. Woltz III | 70 | President, Chief Executive Officer and Chairman of the Board |
| Scot R. Jafroodi | 57 | Vice President, Chief Financial Officer and Treasurer |
| Elizabeth C. Southern | 45 | Vice President Administration, Secretary and Chief Legal Officer |
| Richard T. Wagner | 67 | Senior Vice President and Chief Operating Officer |
| James R. York | 68 | Senior Vice President, Sourcing and Logistics |
H. O. Woltz III, 70, has served as Chief Executive Officer since 1991, as President since 1989 and has been employed by us and our subsidiaries in various capacities since 1978. He was named President and Chief Operating Officer in 1989. He served as our Vice President from 1988 to 1989 and as President of Rappahannock Wire Company, formerly a subsidiary of our Company, from 1981 to 1989. Mr. Woltz has been a director of the Company since 1986 and has served as Chairman of the Board since 2009. He also serves as President of Insteel Wire Products Company. Mr. Woltz served as President of Florida Wire and Cable, Inc., formerly a subsidiary of our Company, until its merger with Insteel Wire Products Company in 2002.
Scot R. Jafroodi, 57, has served as Vice President, Chief Financial Officer and Treasurer since January 2023. Prior to 2023, he served as Vice President, Corporate Controller and Chief Accounting Officer from October 2020. He previously held the role of Corporate Controller and Chief Accounting Officer from February 2007 to October 2020 and Corporate Controller from July 2005 to February 2007. Before joining the company, he was a Senior Manager at BDO Seidman, LLP from June 2003 through June 2005. Prior to that, he spent ten years at Deloitte & Touche USA, LLP, most recently as a Senior Manager.
Elizabeth C. Southern, 45, has served as Vice President Administration, Secretary and Chief Legal Officer since June 2023. From 2011 to 2023, she served in various senior management roles with Hanesbrands Inc., a publicly traded apparel company, including Deputy General Counsel and Assistant Secretary and Vice President, Human Resources. Prior to that, Ms. Southern was an associate attorney at Womble Bond Dickinson (US) LLP.
Richard T. Wagner, 67, has served as Senior Vice President, Chief Operating Officer since October 2020 and as Vice President and General Manager of the Concrete Reinforcing Products Business Unit of our subsidiary, Insteel Wire Products Company, since 1998. He joined us in 1992 serving in various other management roles. From 1977 until 1992, Mr. Wagner served in various positions with Florida Wire and Cable, Inc., a manufacturer of PC strand and galvanized strand products, which was later acquired by us in 2000.
James R. York, 68, has served as Senior Vice President, Sourcing and Logistics since October 2020, and as Vice President, Sourcing and Logistics since joining us in 2018. Prior to Insteel, he served in various senior management roles with Leggett & Platt, a publicly traded manufacturer of diversified engineered products, from 2002 to 2018, including Group President-Rod and Wire Products, Unit President-Wire Products and Unit President-Specialty Products. Mr. York served in a range of leadership positions at Bekaert Corporation, a U.S. subsidiary of N.V. Bekaert A.S. of Belgium, from 1983 to 2002.
Part II
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “IIIN” and has traded on the NYSE since March 17, 2021. As of October 27, 2026, there were 387 shareholders of record.
We pay regular quarterly cash dividends and expect to continue to pay regular quarterly cash dividends in the foreseeable future, though each quarterly dividend payment is subject to review and approval by our Board of Directors. On November 11, 2025, our Board of Directors approved a special cash dividend of $1.00 per share that was paid on December 12, 2025 to shareholders of record as of November 28, 2025.
Issuer Purchases of Equity Securities
The following table summarizes the repurchases of common stock during the quarter ended October 3, 2026:
| (In thousands except share and per share amounts) | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plan or Program | Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Plan or Program |
|---|---|---|---|---|
| June 28, 2026 - July 30, 2026 | 2,014 | $31.03 | 2,014 | $14,359 (1) |
| July 31, 2026 - August 31, 2026 | 10,659 | 30.78 | 10,659 | 14,031 (1) |
| September 1, 2026 - October 3, 2026 | 2,200 | 30.31 | 2,200 | 13,964 (1) |
| 14,873 | 14,873 |
| (1) | Under the $25.0 million share repurchase authorization announced on November 18, 2008, which continues in effect until terminated by the Board of Directors. |
Additional information regarding our share repurchase authorization is discussed in Note 18 to our consolidated financial statements and incorporated herein by reference.
Stock Performance Graph
The graph below compares the cumulative total shareholder return on our common stock with the cumulative total return of the Russell 2000 Index and the S&P 500 Building Products Index for the five years ended October 3, 2026. The graph and table assume that $100 was invested on October 2, 2021 in our common stock and in each of the two indices and the reinvestment of all dividends. Cumulative total shareholder returns for our common stock, the Russell 2000 Index and the S&P 500 Building Products Index are based on our fiscal year.
| Fiscal Year Ended | ||||||
|---|---|---|---|---|---|---|
| October 2, 2021 | October 1, 2022 | September 30, 2023 | September 28, 2024 | September 27, 2025 | October 3, 2026 | |
| Insteel Industries Inc. | $100.00 | $71.64 | $94.22 | $96.51 | $124.84 | $99.40 |
| Russell 2000 | 100.00 | 76.50 | 83.33 | 105.64 | 117.00 | 135.95 |
| S&P 500 Building Products | 100.00 | 75.48 | 100.89 | 160.07 | 160.11 | 168.07 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.