Sterling Infrastructure Appoints New CFO

TL;DR

Sterling Infra names Kevin Hale new CFO, starting Nov 18. Big stock grant incoming.

AI Summary

Sterling Infrastructure, Inc. announced on November 14, 2024, the appointment of Kevin M. Hale as Chief Financial Officer, effective November 18, 2024. Hale will receive an annual base salary of $375,000 and will be eligible for a discretionary annual bonus. He will also receive a grant of 50,000 restricted stock units, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $375,000 — CFO Annual Base Salary (Represents the guaranteed compensation for the new Chief Financial Officer.)
• 50,000 — Restricted Stock Units (Awarded to the new CFO, indicating a long-term incentive and alignment with company performance.)

Key Players & Entities

• Sterling Infrastructure, Inc. (company) — Registrant
• Kevin M. Hale (person) — Appointed Chief Financial Officer
• $375,000 (dollar_amount) — Annual base salary for new CFO
• November 14, 2024 (date) — Date of the report
• November 18, 2024 (date) — Effective date for new CFO
• 50,000 (dollar_amount) — Restricted stock units granted to new CFO

FAQ

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-20241114.htm (8-K) — 33KB
• a20241115ex991pressrelease.htm (EX-99.1) — 7KB
• sterlinginfrainclogo_4ca.jpg (GRAPHIC) — 852KB
• strl-20241114_g1.jpg (GRAPHIC) — 852KB
• 0000874238-24-000146.txt ( ) — 3271KB
• strl-20241114.xsd (EX-101.SCH) — 2KB
• strl-20241114_lab.xml (EX-101.LAB) — 21KB
• strl-20241114_pre.xml (EX-101.PRE) — 12KB
• strl-20241114_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On November 15, 2024, the Company issued a press release announcing Mr. White's retirement as director, a copy of which is furnished as Exhibit 99.1 hereto and incorporated into this Item 7.01 by reference. The information provided in this Item 7.01 shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered "filed" under the Exchange Act, nor shall it be incorporated by reference in any filing made by the Company pursuant to the Exchange Act or the Securities Act, other than to the extent that such filing incorporates by reference any or all of such information by express reference thereto.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release, dated November 15, 2024 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: November 15, 2024 By: /s/ Sharon R. Villaverde Sharon R. Villaverde Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR