8-KThe WireRed Alert
Executive Change · Shareholder Vote
Filed May 25, 2018 · 8y ago · Accession 0000077543-18-000049
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 23, 2018
Tutor Perini Corporation
(Exact name of registrant as specified in its charter)
_________________________________
Massachusetts
(State or other jurisdiction of incorporation or organization)
1-6314
(Commission file number)
04-1717070
(I.R.S. Employer Identification No.)
15901 Olden Street, Sylmar, California 91342-1093
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code : (818) 362-8391
None
(Former name or former address, if changed since last report)
_________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
New Incentive Compensation Plan
As disclosed in Item 5.07 below, the shareholders of Tutor Perini Corporation (the “Company”) approved the Tutor Perini Corporation Omnibus Incentive Plan (the “Plan”) at the 2018 Annual Meeting of Shareholders (the “Annual Meeting”) for the Company on May 23, 2018. The material terms of the Plan are summarized in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 13, 2018 (the “Proxy Statement”) under the heading “Proposal 3: Approval to Adopt the New Tutor Perini Corporation Omnibus Incentive Plan to Effect the Merger of the Amended and Restated Tutor Perini Corporation Long-Term Incentive Plan and the Tutor Perini Corporation Incentive Compensation Plan” and are incorporated herein by reference. The description of the Plan is qualified in its entirety by reference to the actual terms of the Plan, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Annual Meeting was held on May 23, 2018. At the Annual Meeting, the Company’s shareholders voted on four proposals as described in the Proxy Statement and cast their votes as set forth below.
Proposal 1: Election of Directors
The Company’s shareholders elected each of the following 12 nominees for director to serve a one-year term expiring at the Company's 2019 Annual Meeting of Shareholders. The votes cast in the election of directors were as follows:
Elected Directors
Votes For
Votes Withheld
Broker Non-Votes
Ronald N. Tutor
42,087,933
1,411,312
3,513,502
Peter Arkley
23,894,554
19,604,691
3,513,502
Sidney J. Feltenstein
42,772,307
726,938
3,513,502
James A. Frost
42,758,348
740,897
3,513,502
Michael F. Horodniceanu
43,049,335
449,910
3,513,502
Michael R. Klein
18,652,973
24,846,272
3,513,502
Robert C. Lieber
42,912,431
586,814
3,513,502
Dennis D. Oklak
42,993,084
506,161
3,513,502
Raymond R. Oneglia
42,189,806
1,309,439
3,513,502
Dale Anne Reiss
42,989,760
509,485
3,513,502
Donald D. Snyder
18,377,340
25,121,905
3,513,502
Dickran M. Tevrizian, Jr.
42,670,152
829,093
3,513,502
Proposal 2: Ratification of Appointment of Auditors
The Company’s shareholders ratified the selection of Deloitte & Touche LLP, independent registered public accountants, as auditors of the Company for the year ending December 31, 2018. Voting results on this matter were as follows:
Votes For
Votes Against
Abstentions
Broker Non-Votes
46,201,061
799,450
12,236
0
2
Proposal 3: Approval of the New Tutor Perini Corporation Omnibus Incentive Plan
The Company’s shareholders approved the new Tutor Perini Corporation Omnibus Incentive Plan. Voting results on this matter were as follows:
Votes For
Votes Against
Abstentions
Broker Non-Votes
30,137,426
13,334,390
27,429
3,513,502
Proposal 4: Advisory (Non-binding) Vote on Tutor Perini’s Executive Compensation
The Company’s shareholders cast their votes with respect to the advisory (non-binding) vote on executive compensation as set forth below:
Votes For
Votes Against
Abstentions
Broker Non-Votes
16,506,251
26,958,308
34,686
3,513,502
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
10.1
Tutor Perini Corporation Omnibus Incentive Plan
3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Tutor Perini Corporation
Dated: May 25, 2018
By:
/s/ John D. Barrett
John D. Barrett
Executive Vice President and Secretary
4
Filing details
- Company
- TUTOR PERINI CORP
- Ticker
- TPC
- CIK
- 77543
- Form type
- 8-K
- Filing date
- May 25, 2018
- Report date
- May 25, 2018
- Document
- tpc-20180525x8k.htm
- Size
- 342 KB