Primoris Services Corp. Announces Executive and Board Changes
Ticker: PRIM · Form: 8-K · Filed: Jan 8, 2025 · CIK: 1361538
| Field | Detail |
|---|---|
| Company | Primoris Services Corp (PRIM) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $560,000, $120,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Primoris execs and board shuffle announced Jan 7, 2025.
AI Summary
Primoris Services Corp. announced on January 7, 2025, changes in its executive team and board of directors. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Primoris Services Corp. (company) — Registrant
- January 7, 2025 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the executive and board changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', suggesting shifts in key leadership positions.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated January 7, 2025.
What is the state of incorporation for Primoris Services Corporation?
Primoris Services Corporation is incorporated in Delaware.
What is the SEC file number for Primoris Services Corporation?
The SEC file number for Primoris Services Corporation is 001-34145.
What is the primary business of Primoris Services Corp. according to the filing?
Primoris Services Corp. is primarily involved in Water, Sewer, Pipeline, Comm and Power Line Construction, with SIC code 1623.
Filing Stats: 938 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2025-01-08 16:34:57
Key Financial Figures
- $0.0001 — nge on which registered Common Stock , $0.0001 par value PRIM New York Stock Excha
- $560,000 — es for an initial annual base salary of $560,000 and a target cash bonus of 100% of his
- $120,000 — y, in which the amount involved exceeds $120,000 and in which Mr. Kinch had or will have
Filing Documents
- prim-20250107x8k.htm (8-K) — 110KB
- prim-20250107xex10.htm (EX-10) — 132KB
- prim-20250107xex99.htm (EX-99) — 11KB
- prim-20250107xex99001.jpg (GRAPHIC) — 10KB
- 0001361538-25-000005.txt ( ) — 419KB
- prim-20250107.xsd (EX-101.SCH) — 3KB
- prim-20250107_lab.xml (EX-101.LAB) — 16KB
- prim-20250107_pre.xml (EX-101.PRE) — 10KB
- prim-20250107x8k_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibits are filed herewith: Exhibit No. Description 10.1 Amended and Restated Employment Agreement dated January 7, 2025, by and among Primoris Services Corporation and Jeremy Kinch 99.1 Press Release dated January 7, 2025 104 Cover Page Interactive Data File (formatted as Inline XBRL and included in Exhibit 101) 2
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. PRIMORIS SERVICES CORPORATION Dated: January 8, 2025 By: /s/ Kenneth M. Dodgen Kenneth M. Dodgen Executive Vice President, Chief Financial Officer 3