Mueller Industries is adding metals-industry executive Devin K. Denner to its board as a director retires, and has declared its regular quarterly cash dividend of 17.5 cents per share.
Key details
- Board change: Denner’s appointment takes effect January 1, 2027. He will fill the vacancy left by Gary S. Gladstein, whose previously announced retirement is effective December 31, 2026.
- Director background and status: Mueller said Denner brings decades of business leadership experience in the metals industry. The board has determined that he is independent.
- Director compensation: Denner will join the company’s non-employee director compensation program. For the current compensation year, it includes an $82,000 annual fee and an initial equity grant with a grant-date fair value of $170,000. Both will be prorated for the partial year he serves.
- Dividend: The 17.5-cent-per-share cash dividend will be paid December 18, 2026, to shareholders of record on December 4, 2026.
The board appointment replaces a departing director; the announcement does not describe a broader change in board control or strategy. The dividend is identified as regular quarterly, with no change to the per-share amount beyond the declared payment stated.