Centuri Holdings Elects New Directors, Approves Equity Incentive Plan
Ticker: CTRI · Form: 8-K · Filed: Nov 21, 2024 · CIK: 1981599
| Field | Detail |
|---|---|
| Company | Centuri Holdings, Inc. (CTRI) |
| Form Type | 8-K |
| Filed Date | Nov 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
TL;DR
Centuri Holdings adds 2 directors, OKs new stock plan for execs.
AI Summary
Centuri Holdings, Inc. announced on November 18, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. McGovern and David E. Schanzer, to its board. Additionally, the compensation committee approved a new equity incentive plan for certain officers, including the grant of restricted stock units (RSUs) to key executives.
Why It Matters
The election of new directors and the approval of an equity incentive plan can signal strategic shifts and management's commitment to retaining and motivating key personnel, potentially impacting future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which typically carry low inherent risk.
Key Players & Entities
- Centuri Holdings, Inc. (company) — Registrant
- Michael J. McGovern (person) — Newly Elected Director
- David E. Schanzer (person) — Newly Elected Director
- November 18, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to Centuri Holdings, Inc.'s board?
Michael J. McGovern and David E. Schanzer were elected as new directors.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported was on November 18, 2024.
What is the state of incorporation for Centuri Holdings, Inc.?
Centuri Holdings, Inc. is incorporated in Delaware.
What is the business address of Centuri Holdings, Inc.?
The business address is 19820 North 7th Avenue, Suite 120, Phoenix, Arizona 85027.
Filing Stats: 651 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-11-21 16:05:54
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 per share par value CTRI New York S
Filing Documents
- d858744d8k.htm (8-K) — 23KB
- 0001193125-24-263394.txt ( ) — 142KB
- ctri-20241118.xsd (EX-101.SCH) — 3KB
- ctri-20241118_lab.xml (EX-101.LAB) — 18KB
- ctri-20241118_pre.xml (EX-101.PRE) — 11KB
- d858744d8k_htm.xml (XML) — 4KB
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. Date: November 21, 2024 By: /s/ Gregory A. Izenstark Gregory A. Izenstark Executive Vice President and Chief Financial Officer