Sterling Infrastructure Reports Director Changes & Officer Compensation
Ticker: STRL · Form: 8-K · Filed: May 9, 2024 · CIK: 874238
| Field | Detail |
|---|---|
| Company | Sterling Infrastructure, Inc. (STRL) |
| Form Type | 8-K |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, board-of-directors
Related Tickers: STRL
TL;DR
Sterling Infra board shakeup, exec pay changes, and shareholder votes filed.
AI Summary
Sterling Infrastructure, Inc. filed an 8-K on May 9, 2024, reporting on several key events. These include the departure of a director, the election of new directors, and updates to compensatory arrangements for certain officers. The filing also covers the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and administrative matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- STERLING INFRASTRUCTURE, INC. (company) — Registrant
- May 9, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the board of directors at Sterling Infrastructure, Inc.?
The filing indicates the departure of a director, but the specific name is not provided in the provided text.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported is dated May 9, 2024.
What are the main categories of information covered in this 8-K filing?
The filing covers the departure of directors, election of directors, compensatory arrangements of officers, submission of matters to a vote of security holders, and financial statements and exhibits.
What is the state of incorporation for Sterling Infrastructure, Inc.?
Sterling Infrastructure, Inc. is incorporated in Delaware.
What is the SEC file number for Sterling Infrastructure, Inc.?
The SEC file number for Sterling Infrastructure, Inc. is 001-31993.
Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 9.8 · Accepted 2024-05-09 16:19:43
Key Financial Figures
- $0.01 — ection 12(b) of the Act: Common Stock, $0.01 par value per share STRL The NASDAQ Sto
Filing Documents
- strl-20240509.htm (8-K) — 65KB
- strl-20240509_g1.jpg (GRAPHIC) — 852KB
- 0000874238-24-000088.txt ( ) — 2163KB
- strl-20240509.xsd (EX-101.SCH) — 2KB
- strl-20240509_lab.xml (EX-101.LAB) — 21KB
- strl-20240509_pre.xml (EX-101.PRE) — 12KB
- strl-20240509_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, the Company's stockholders (1) elected each of William T. Bosway, Roger A. Cregg, Joseph A. Cutillo, Julie A. Dill, Dana C. O'Brien, Charles R. Patton, Thomas M. White and Dwayne A. Wilson to serve as directors of the Company, each until the next annual meeting or the election of his or her successor; (2) approved, on an advisory basis, the compensation of the Company's named executive officers; (3) ratified the appointment of Grant Thornton, LLP as the Company's independent registered public accounting firm for 2024, and (4) approved the second amended and restated 2018 Stock Incentive Plan. Of the 31,152,222 shares of the Company's common stock outstanding as of the record date, 27,152,963 shares were represented in person or by proxy at the Annual Meeting. The independent inspector of elections reported the final vote of stockholders as follows: Proposal No. 1 : Election of each of the eight director nominees. Name For Against Abstain Broker Non-Votes William T. Bosway 23,166,710 676,914 16,265 3,293,074 Roger A. Cregg 23,710,808 132,730 16,351 3,293,074 Joseph A. Cutillo 23,777,719 65,886 16,284 3,293,074 Julie A. Dill 23,771,757 77,634 10,498 3,293,074 Dana C. O'Brien 23,152,103 696,572 11,214 3,293,074 Charles R. Patton 21,861,715 1,981,866 16,308 3,293,074 Thomas M. White 23,705,319 138,015 16,555 3,293,074 Dwayne A. Wilson 21,769,528 2,073,997 16,364 3,293,074 Proposal No. 2 : Approval, on an advisory basis, of the compensation of the Company's named executive officers. For Against Abstain Broker Non-Votes 23,233,436 557,252 69,201 3,293,074 Proposal No. 3 : Ratification of the appointment of Grant Thornton, LLP as the Company's independent registered public accounting firm for 2024. For Against Abstain 26,263,039 870,074 19,850 Proposal No. 4 : Adoption of the Second Amended and Restated 2018 Stock Incentive Plan. For Against Abstain
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Sterling Infrastructure, Inc. Second Amended and Restated 2018 Stock Incentive Plan (incorporated by reference to Sterling Infrastructure, Inc.'s Registration Statement on Form S-8 filed on May 9, 2024 (SEC File No. 1-31993)). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. STERLING INFRASTRUCTURE, INC. Date: May 9, 2024 By: /s/ Ronald A. Ballschmiede Ronald A. Ballschmiede Chief Financial Officer