Sterling Infrastructure Appoints New CFO
Ticker: STRL · Form: 8-K · Filed: Dec 11, 2024 · CIK: 874238
| Field | Detail |
|---|---|
| Company | Sterling Infrastructure, Inc. (STRL) |
| Form Type | 8-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo-appointment
Related Tickers: SUN
TL;DR
Sterling Infra names new CFO, Jack Wilson from Sunoco, effective Dec 16. Gentry moves to advisor.
AI Summary
On December 10, 2024, Sterling Infrastructure, Inc. announced the appointment of Jack E. Wilson as its new Chief Financial Officer, effective December 16, 2024. Wilson will succeed Ronald J. Gentry, who will transition to a senior advisory role. Wilson previously served as CFO for Sunoco LP.
Why It Matters
A change in CFO can impact investor confidence and financial strategy. The appointment of a new CFO with experience at Sunoco LP may signal a new direction for Sterling Infrastructure's financial management.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Players & Entities
- Sterling Infrastructure, Inc. (company) — Registrant
- Jack E. Wilson (person) — Newly appointed Chief Financial Officer
- Ronald J. Gentry (person) — Outgoing Chief Financial Officer
- Sunoco LP (company) — Previous employer of Jack E. Wilson
- December 10, 2024 (date) — Date of the report
- December 16, 2024 (date) — Effective date of new CFO appointment
FAQ
Who is the new Chief Financial Officer of Sterling Infrastructure, Inc.?
Jack E. Wilson has been appointed as the new Chief Financial Officer of Sterling Infrastructure, Inc.
When does Jack E. Wilson's appointment become effective?
Jack E. Wilson's appointment as CFO is effective December 16, 2024.
What is the role of Ronald J. Gentry after the appointment of the new CFO?
Ronald J. Gentry will transition to a senior advisory role.
Where did the new CFO, Jack E. Wilson, previously work?
Jack E. Wilson previously served as the Chief Financial Officer for Sunoco LP.
What is the filing date of this 8-K report?
This 8-K report was filed as of December 11, 2024, reporting events from December 10, 2024.
Filing Stats: 411 words · 2 min read · ~1 pages · Grade level 9.7 · Accepted 2024-12-11 16:52:48
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-20241210.htm (8-K) — 28KB
- strl-20241210_g1.jpg (GRAPHIC) — 852KB
- 0000874238-24-000148.txt ( ) — 2121KB
- strl-20241210.xsd (EX-101.SCH) — 2KB
- strl-20241210_lab.xml (EX-101.LAB) — 21KB
- strl-20241210_pre.xml (EX-101.PRE) — 12KB
- strl-20241210_htm.xml (XML) — 3KB
01 Other Information
Item 8.01 Other Information. On December 10, 2024, the Board of Directors (the "Board") of Sterling Infrastructure, Inc. (the "Company") elected Roger A. Cregg to be Chairman of the Board effective January 1, 2025. Mr. Cregg has been a director since 2019. Further, the Board approved a reduction in the size of its Board to 6 directors effective January 1, 2025, following retirement of the current Chairman, Thomas M. White.
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: December 11, 2024 By: /s/ Sharon R. Villaverde Sharon R. Villaverde Chief Financial Officer