Tutor Perini Corporation filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders
$TPC
General Bldg Contractors - Nonresidential Bldgs
Consumer Discretionary
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 15, 2025
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 15, 2025, Tutor Perini Corporation (the “Company”) held its 2025 Annual Meeting of Shareholders (the “Annual Meeting”) at which, upon recommendation of the Company’s Board of Directors (the “Board”), the shareholders approved an amendment and restatement of the Tutor Perini Corporation Omnibus Incentive Plan (the original Plan, the “Plan” and, as amended and restated, the “Amended and Restated Plan”). The Amended and Restated Plan was adopted by the Board on March 12, 2025, and became effective on the date of the Annual Meeting.
The Amended and Restated Plan materially amends the Plan by increasing the number of shares available for awards under the Plan by 2,000,000 shares and extending the term of the Plan from April 10, 2028 to April 10, 2030. The material terms of the Amended and Restated Plan are summarized in the Company’s definitive proxy statement on Schedule 14A filed with the Security and Exchange Commission on April 4, 2025 (the “Proxy Statement”) under the heading “Proposal 4: Approval of the Amended and Restated Tutor Perini Corporation Omnibus Incentive Plan.” The foregoing description of the Amended and Restated Plan does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amended and Restated Plan, a copy of which is filed as Exhibit A to the Proxy Statement and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
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 10 nominees for director to serve until the Company's 2026 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified. The final voting results for the election of directors were as follows:
| Elected Directors | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||||||||||||||
| Ronald N. Tutor | 41,141,754 | 1,269,649 | 11,950 | 4,600,848 | ||||||||||||||||||||||
| Gary G. Smalley | 42,017,747 | 394,559 | 11,047 | 4,600,848 | ||||||||||||||||||||||
| Peter Arkley | 41,639,962 | 772,345 | 11,046 | 4,600,848 | ||||||||||||||||||||||
| Jigisha Desai | 39,088,825 | 3,011,112 | 323,416 | 4,600,848 | ||||||||||||||||||||||
| Sidney J. Feltenstein | 41,666,550 | 745,230 | 11,573 | 4,600,848 | ||||||||||||||||||||||
| Robert C. Lieber | 29,977,868 | 12,334,057 | 111,428 | 4,600,848 | ||||||||||||||||||||||
| Dennis D. Oklak | 29,036,644 | 13,375,750 | 10,959 | 4,600,848 | ||||||||||||||||||||||
| Raymond R. Oneglia | 40,983,423 | 1,325,910 | 114,020 | 4,600,848 | ||||||||||||||||||||||
| Dale Anne Reiss | 41,223,672 | 1,178,715 | 20,966 | 4,600,848 | ||||||||||||||||||||||
| Shahrokh (“Rock”) Shah | 30,169,637 | 12,210,899 | 42,817 | 4,600,848 | ||||||||||||||||||||||
Proposal 2: Ratification of Appointment of Independent Auditors
The Company's shareholders ratified the appointment of Deloitte & Touche LLP, an independent registered public accounting firm, as independent auditors of the Company for the year ending December 31, 2025. The final voting results on this proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 46,295,959 | 694,995 | 33,247 | 0 | |||||||||||||||||
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Proposal 3: Approval of the Compensation of the Company’s Named Executive Officers on an Advisory (Non-binding) Basis
The Company’s shareholders cast their votes with respect to the approval of the compensation of the Company's named executive officers on an advisory (non-binding) basis. The final voting results on this proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 12,992,948 | 28,316,141 | 1,114,264 | 4,600,848 | |||||||||||||||||
Proposal 4: Approval of the Amended and Restated Tutor Perini Corporation Omnibus Incentive Plan
The Company’s shareholders approved the Amended and Restated Plan. The final voting results on this proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 40,675,747 | 1,634,483 | 113,123 | 4,600,848 | |||||||||||||||||
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SIGNATURES
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 undersigned thereunto duly authorized.
| TUTOR PERINI CORPORATION | |||||||||||
| Date: | May 16, 2025 | By: | /s/ Ifigenia Protopappas | ||||||||
Ifigenia Protopappas | |||||||||||
| Corporate Secretary | |||||||||||
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