Centuri Holdings Reports Director Changes and Officer Compensation
Ticker: CTRI · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1981599
| Field | Detail |
|---|---|
| Company | Centuri Holdings, Inc. (CTRI) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $21.00, $329.3 million, $54.4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, director-change
TL;DR
Centuri Holdings shakes up the board and adjusts exec pay.
AI Summary
Centuri Holdings, Inc. reported on April 17, 2024, regarding the departure of a director and the election of new directors. The company also announced compensatory arrangements for certain officers. Specific details on the individuals involved and the financial implications of these arrangements were not fully disclosed in this initial filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and changes in officer compensation can indicate internal shifts or strategic realignments that may carry inherent risks.
Key Players & Entities
- Centuri Holdings, Inc. (company) — Registrant
- April 17, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Phoenix, Arizona (location) — Principal executive offices
FAQ
Who is the departing director from Centuri Holdings, Inc.?
The filing indicates the departure of a director but does not name the individual in the provided text.
When did the reported events occur?
The earliest event reported occurred on April 17, 2024.
What are the main items reported in this 8-K filing?
The filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements for certain officers.
What is the state of incorporation for Centuri Holdings, Inc.?
Centuri Holdings, Inc. is incorporated in Delaware.
Where are Centuri Holdings, Inc.'s principal executive offices located?
The principal executive offices are located at 19820 North 7th Avenue, Suite 120, Phoenix, Arizona, 85027.
Filing Stats: 1,027 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-04-22 16:27:54
Key Financial Figures
- $0.01 — e on which registered Common Stock, $0.01 par value per share CTRI New York S
- $21.00 — at an initial public offering price of $21.00 per share (the IPO Per Share Price). Th
- $329.3 million — able by the Company, were approximately $329.3 million. The Company intends to use the net pro
- $54.4 million — nt Private Placement were approximately $54.4 million. Item5.02 Departure of Directors or C
Filing Documents
- d820483d8k.htm (8-K) — 21KB
- 0001193125-24-104909.txt ( ) — 22KB
SIGNATURES
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 hereunto duly authorized. CENTURI HOLDINGS, INC. Dated: April 22, 2024 By: /s/ Gregory A. Izenstark Name: Gregory A. Izenstark Title: Executive Vice President and Chief Financial Officer