Granite Construction Inc. Files Definitive Proxy Statement

Ticker: GVA · Form: DEF 14A · Filed: Apr 25, 2024 · CIK: 861459

Sentiment: neutral

Topics: proxy statement, DEF 14A, Granite Construction, corporate governance, shareholder information

TL;DR

<b>Granite Construction Inc. has filed its definitive proxy statement for the fiscal year 2023.</b>

AI Summary

GRANITE CONSTRUCTION INC (GVA) filed a Proxy Statement (DEF 14A) with the SEC on April 25, 2024. Granite Construction Inc. filed a Definitive Proxy Statement on April 25, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 585 West Beach St, Watsonville, CA 95076. The filing is made under the Securities Exchange Act of 1934. No filing fee was required for this statement.

Why It Matters

For investors and stakeholders tracking GRANITE CONSTRUCTION INC, this filing contains several important signals. This filing is a routine requirement for publicly traded companies, providing shareholders with information regarding the company's governance and upcoming shareholder meetings. Shareholders can review this document to understand executive compensation, director nominations, and other important corporate matters before voting.

Risk Assessment

Risk Level: low — GRANITE CONSTRUCTION INC shows low risk based on this filing. The filing is a standard DEF 14A proxy statement, which is a routine disclosure and does not contain new financial or operational information that would inherently increase risk.

Analyst Insight

Shareholders should review the proxy statement for details on executive compensation and director nominations ahead of any shareholder votes.

Key Numbers

Key Players & Entities

FAQ

When did GRANITE CONSTRUCTION INC file this DEF 14A?

GRANITE CONSTRUCTION INC filed this Proxy Statement (DEF 14A) with the SEC on April 25, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by GRANITE CONSTRUCTION INC (GVA).

Where can I read the original DEF 14A filing from GRANITE CONSTRUCTION INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by GRANITE CONSTRUCTION INC.

What are the key takeaways from GRANITE CONSTRUCTION INC's DEF 14A?

GRANITE CONSTRUCTION INC filed this DEF 14A on April 25, 2024. Key takeaways: Granite Construction Inc. filed a Definitive Proxy Statement on April 25, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 585 West Beach St, Watsonville, CA 95076..

Is GRANITE CONSTRUCTION INC a risky investment based on this filing?

Based on this DEF 14A, GRANITE CONSTRUCTION INC presents a relatively low-risk profile. The filing is a standard DEF 14A proxy statement, which is a routine disclosure and does not contain new financial or operational information that would inherently increase risk.

What should investors do after reading GRANITE CONSTRUCTION INC's DEF 14A?

Shareholders should review the proxy statement for details on executive compensation and director nominations ahead of any shareholder votes. The overall sentiment from this filing is neutral.

How does GRANITE CONSTRUCTION INC compare to its industry peers?

Granite Construction Inc. operates in the heavy construction sector, primarily focusing on infrastructure and construction services.

Are there regulatory concerns for GRANITE CONSTRUCTION INC?

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

Industry Context

Granite Construction Inc. operates in the heavy construction sector, primarily focusing on infrastructure and construction services.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

What Investors Should Do

  1. Review the proxy statement for details on director nominees and their qualifications.
  2. Examine the executive compensation disclosures to understand pay structures and performance metrics.
  3. Note any shareholder proposals or management recommendations for voting.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure and does not represent a change from previous filings in terms of new financial data or operational updates.

Filing Stats: 4,564 words · 18 min read · ~15 pages · Grade level 12.3 · Accepted 2024-04-25 16:43:45

Filing Documents

Executive Compensation Tables

Executive Compensation Tables 42 Potential Payments Upon Termination or Change-in-Control 46 Director Compensation 48 Stock Ownership 48 Cash and Equity Compensation Policy 48 Director Compensation Table 49 Pay Ratio Disclosure 50 Pay versus Performance 51 Equity Compensation Plan Information 55 PROPOSAL 4 : RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 56 INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS 57 Principal Accountant Fees and Services 57 Audit/Compliance Committee Pre-Approval Policies and Procedures 57 PROPOSAL 5: SHAREHOLDER PROPOSAL REGARDING A REPORT ON THE I-80 SOUTH QUARRY PROJECT 57 REPORT OF THE AUDIT/COMPLIANCE COMMITTEE 59 TRANSACTIONS WITH RELATED PERSONS 60 STOCK OWNERSHIP OF BENEFICIAL OWNERS AND CERTAIN MANAGEMENT 62 ii TABLE OF CONTENTS PAGE VOTING INFORMATION 64 Who Pays for This Solicitation? 64 Who Can Vote? 64 How Do I Vote and What Is the Deadline for Voting My Shares? 64 What Is the Voting Requirement To Approve the Proposals? 64 How Are Votes Counted? 65 After I Vote by Proxy Can I Change or Revoke My Proxy? 66 Can I Vote at the Annual Meeting Instead of Voting by Proxy? 66 What Constitutes a Quorum? 66 Who Supervises the Voting at the Meeting? 66 How Can I Find Out the Voting Results? 66 PARTICIPATING IN THE 202 4 ANNUAL MEETING OF SHAREHOLDERS 67 SHAREHOLDER PROPOSALS TO BE PRESENTED AT THE 202 5 ANNUAL MEETING OF SHAREHOLDERS 68 HOUSEHOLDING 69 FORM 10-K 70 OTHER MATTERS 71 A PPENDIX A: GRANITE CONSTRUCTION INCORPORATED 2024 EQUITY INCENTIVE PLAN 72 iii GRANITE CONSTRUCTION INCORPORATED 585 West Beach Street Watsonville, California 95076 PROXY STATEMENT As more fully described in the Notice of Internet Availability of Proxy Materials, Granite Construction Incorporated, a Delaware corporation (referred to herein as "we," "us," "our," "Granite" or the "Company"), on behalf of its Board of Directors (referred to

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on Read The Filing