On September 25, 2026, Janus International Group, Inc. (the "Company") disclosed a series of independent restructuring initiatives undertaken during 2026, designed to improve operating performance, profitability, and operational efficiency. These initiatives, undertaken in ongoing response to evolving business conditions, consist of three distinct restructuring events.

 

In January 2026, the Company committed to certain cost-reduction measures, including the consolidation of its ASTA Industries, Inc. ("ASTA") manufacturing facility operations into its existing Janus International Group, LLC ("Janus Core") manufacturing facility operations, both located in Houston, Texas (the "Consolidation"). The ASTA facility was subsequently subleased to a third party in September 2026. Further, Janus Core implemented a reduction in force. The Company estimates that it will realize annualized cost savings of approximately $2.6 million from the Consolidation and $1.7 million in connection with the Janus Core reduction in force, with aggregate severance and exit costs of approximately $3.1 million.

 

In March 2026, the Company committed to additional cost-reduction measures. These measures included additional reductions in force at both the Company and Janus Core, as well as cost-cutting initiatives across various business units and divisions. The Company estimates that it will realize annualized cost savings of approximately $3.8 million from these initiatives, with aggregate severance costs of approximately $1.1 million.

 

During the second quarter of 2026, the Company committed to the following measures: (i) the conversion of Janus Core’s Indiana manufacturing plant into a distribution center and a corresponding reduction in force; (ii) the early exit of the Company’s Nokē, Inc. facility in Utah in advance of the lease expiration in November 2026; and (iii) the relocation of Kiwi II Construction, Inc. manufacturing operations from California to Arizona at Janus Core’s existing facility. The Company estimates that it will realize annualized cost savings of approximately $2.7 million from these initiatives, with aggregate severance costs of approximately $1.4 million.

 

In the aggregate, the Company estimates that these restructuring initiatives will result in annualized pre-tax cost savings of approximately $10.8 million. The Company currently estimates that it will incur non-recurring pre-tax charges of approximately $5.6 million in connection with these restructuring initiatives, primarily related to severance and other employee-related costs, costs associated with lease obligations and other real estate-related charges. The Company expects that the majority of these charges will be incurred by the end of the third quarter ending October 3, 2026 and that the implementation of these restructuring initiatives will be substantially complete by the end of fiscal year ending January 2, 2027. The charges that the Company expects to incur are subject to a number of assumptions and actual expenses may differ materially from such estimates. The Company may also incur additional costs not currently contemplated due to events that may occur as a result of, or that are associated with, these restructuring initiatives.

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On September 23, 2026 (the "Grant Date"), the Compensation Committee (the "Committee") of the Board of Directors of the Company approved the grant of a special, one-time award of restricted stock units to Anselm Wong, Executive Vice President and Chief Financial Officer, Morgan Hodges, Executive Vice President, and Vic Nettie, Executive Vice President of Corporate Operations under the Company’s 2021 Omnibus Incentive Plan (the "Plan") (the "Special RSU Awards"). The Special RSU Awards granted to Messrs. Wong, Hodges, and Nettie each have a grant date value of $750,000. The Committee approved the Special RSU Awards for the purposes of: (i) providing meaningful retention incentives for the grantees, whose retention the Committee believes to be an important factor in driving and executing the Company’s key business strategies, and (ii) strengthening the alignment of the interests of the grantees with the interests of the Company’s stockholders. The Committee approved the Special RSU Awards after considering the advice and input of the Committee’s independent compensation consultant.