MYR Group Inc. Files 8-K
Ticker: MYRG · Form: 8-K · Filed: May 6, 2024 · CIK: 700923
| Field | Detail |
|---|---|
| Company | Myr Group INC. (MYRG) |
| Form Type | 8-K |
| Filed Date | May 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $75.0 million, $72.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: filing, sec, corporate-update
Related Tickers: MYRG
TL;DR
MYR Group filed an 8-K, likely containing routine updates or exhibits.
AI Summary
MYR Group Inc. filed an 8-K on May 6, 2024, reporting other events and financial statements/exhibits. The filing does not detail specific transactions or financial figures but serves as a notification of these items.
Why It Matters
This filing indicates that MYR Group Inc. is providing updates or submitting required documentation to the SEC, which could contain important operational or financial information for investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K notification and does not appear to disclose any new material risks or significant negative events.
Key Players & Entities
- MYR GROUP INC. (company) — Registrant
- 0000700923 (company) — Central Index Key
- 1623 (company) — Standard Industrial Classification Code
- 363158643 (company) — IRS Number
- DE (company) — State of Incorporation
- 12121 Grant Street, Suite 610 Thornton, CO 80241 (company) — Business Address
- 3032868000 (company) — Business Phone
- MYR GROUP INC. (company) — Former Company Name
- 19960417 (company) — Date of Name Change
- MYERS L E CO GROUP (company) — Former Company Name
FAQ
What is the primary purpose of this 8-K filing for MYR Group Inc.?
The primary purpose is to report 'Other Events' and 'Financial Statements and Exhibits' as of May 6, 2024.
When was this 8-K filing submitted?
The filing was submitted on May 6, 2024.
What is MYR Group Inc.'s principal executive office address?
The principal executive offices are located at 12121 Grant Street, Suite 610, Thornton, CO 80241.
What is MYR Group Inc.'s IRS Employer Identification Number?
The IRS Employer Identification Number is 36-3158643.
Has MYR Group Inc. had previous names?
Yes, the company was formerly known as MYR GROUP INC. (name change effective April 17, 1996) and prior to that, MYERS L E CO GROUP (name change effective July 3, 1992).
Filing Stats: 648 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-05-06 16:05:21
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value MYRG The Nasdaq Stock Market,
- $75.0 million — pany to repurchase, in aggregate, up to $75.0 million of its outstanding shares of common sto
- $72.5 million — . As of March 31, 2024, the Company had $72.5 million of remaining availability to repurchase
Filing Documents
- myrg-20240506.htm (8-K) — 27KB
- myrg-2024056x8kxexx991srp.htm (EX-99.1) — 10KB
- logo.jpg (GRAPHIC) — 3KB
- 0000700923-24-000034.txt ( ) — 170KB
- myrg-20240506.xsd (EX-101.SCH) — 2KB
- myrg-20240506_lab.xml (EX-101.LAB) — 22KB
- myrg-20240506_pre.xml (EX-101.PRE) — 13KB
- myrg-20240506_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On May 6, 2024, MYR Group, Inc. (the "Company") issued a press release announcing its new share repurchase program ("Repurchase Program"). The Repurchase Program was authorized by the Company's Board of Directors and will be effective on May 9, 2024. The Repurchase Program authorizes the Company to repurchase, in aggregate, up to $75.0 million of its outstanding shares of common stock from time to time on the open market or in privately negotiated transactions, based on market and business conditions, applicable contractual and legal requirements and other factors in accordance with applicable federal securities laws. The Repurchase Program will expire on November 8, 2024, or when the authorized funds are exhausted, whichever is earlier. The Company is not obligated to acquire any specific amount of common stock, and the Company's Board of Directors may modify or terminate the Repurchase Program at any time at its sole discretion without notice. The Company intends to fund the Repurchase Program from cash on hand and through borrowings under its credit facility. The Company's prior $75.0 million repurchase program commenced on November 9, 2023 (the "Prior Repurchase Program") and is scheduled to expire on May 8, 2024. As of March 31, 2024, the Company had $72.5 million of remaining availability to repurchase shares of the Company's common stock under the Prior Repurchase Program. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
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 May 6, 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: May 6, 2024 By: /s/ WILLIAM F. FRY Name: William F. Fry Title: Senior Vice President, Chief Legal Officer and Secretary -3-