MYR GROUP Reports Executive Changes, Compensation Arrangements
Ticker: MYRG · Form: 8-K · Filed: Jan 25, 2024 · CIK: 700923
| Field | Detail |
|---|---|
| Company | Myr Group INC. (MYRG) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $450,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, governance
TL;DR
**MYR GROUP filed an 8-K on Jan 25, 2024, indicating executive changes and new compensation plans.**
AI Summary
MYR GROUP INC. filed an 8-K on January 25, 2024, to report an event related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. This filing indicates that there have been changes in the company's leadership or executive compensation, which could signal strategic shifts or new incentives for management. For investors, this matters because changes in executive compensation or leadership can impact future company performance and governance, potentially affecting stock valuation.
Why It Matters
Changes in executive leadership or compensation can signal strategic shifts, new performance incentives, or potential governance issues, all of which can influence investor confidence and the company's future direction.
Risk Assessment
Risk Level: medium — Changes in executive compensation or leadership can introduce uncertainty regarding future company strategy and performance, warranting a medium risk assessment.
Analyst Insight
Investors should monitor subsequent filings or press releases from MYR GROUP INC. for specific details regarding the executive changes and compensatory arrangements mentioned, as these will provide clarity on potential strategic shifts or performance incentives.
Key Numbers
- $0.01 — par value per share (This is the par value of MYR GROUP INC.'s Common Stock, as stated in the filing.)
Key Players & Entities
- MYR GROUP INC. (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — State of Incorporation for MYR GROUP INC.
- 1-08325 (dollar_amount) — Commission File Number
- 36-3158643 (dollar_amount) — I.R.S. Employer Identification No.
- 12121 Grant Street, Suite 610 Thornton, CO 80241 (company) — Address of principal executive offices
- 303-286-8000 (dollar_amount) — Registrant’s telephone number
- Common Stock, $0.01 par value (company) — Title of each class of securities registered
- MYRG (company) — Trading Symbol(s)
- The Nasdaq Stock Market, LLC (Nasdaq Global Market) (company) — Name of each exchange on which registered
FAQ
What specific items were reported in this 8-K filing by MYR GROUP INC. on January 25, 2024?
The 8-K filing by MYR GROUP INC. on January 25, 2024, reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
What is the trading symbol and the exchange where MYR GROUP INC.'s common stock is registered?
MYR GROUP INC.'s common stock trades under the symbol MYRG and is registered on The Nasdaq Stock Market, LLC (Nasdaq Global Market).
What is the state of incorporation for MYR GROUP INC.?
MYR GROUP INC. is incorporated in Delaware, as stated in the filing.
What is the business address and phone number of MYR GROUP INC.?
The business address for MYR GROUP INC. is 12121 Grant Street, Suite 610, Thornton, CO 80241, and their telephone number is (303) 286-8000.
What is the par value of MYR GROUP INC.'s Common Stock?
The Common Stock of MYR GROUP INC. has a par value of $0.01, as indicated in the filing.
Filing Stats: 1,130 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2024-01-25 16:07:56
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value MYRG The Nasdaq Stock Market,
- $450,000 — be eligible to receive a base salary of $450,000 per year and is expected to be eligible
Filing Documents
- myrg-20240125.htm (8-K) — 32KB
- myrg-2024125x8kxexx991.htm (EX-99.1) — 9KB
- logo.jpg (GRAPHIC) — 3KB
- 0000700923-24-000002.txt ( ) — 178KB
- myrg-20240125.xsd (EX-101.SCH) — 2KB
- myrg-20240125_lab.xml (EX-101.LAB) — 24KB
- myrg-20240125_pre.xml (EX-101.PRE) — 13KB
- myrg-20240125_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) The following exhibit is being furnished with this Current Report on Form 8-K. 99.1 MYR Group Inc. Press Release, dated January 25, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) -2- SIGNATURE 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. MYR GROUP INC. Dated: January 25, 2024 By: /s/ WILLIAM F. FRY Name: William F. Fry Title: Vice President, Chief Legal Officer and Secretary -3-