MasTec Inc. Announces 2024 Annual Meeting of Shareholders on May 14

Ticker: MTZ · Form: DEF 14A · Filed: 2024-04-04T00:00:00.000Z

Sentiment: neutral

Topics: MasTec, Annual Meeting, Proxy Statement, Executive Compensation, Director Election

TL;DR

<b>MasTec, Inc. is holding its 2024 Annual Meeting of Shareholders on May 14, 2024, to vote on director elections, auditor ratification, executive compensation, and incentive plans.</b>

AI Summary

MASTEC INC (MTZ) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. MasTec, Inc. will hold its 2024 Annual Meeting of Shareholders on May 14, 2024. Shareholders will vote on the election of Jose R. Mas and Javier Palomarez as Class II directors. The appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2024 will be ratified. Shareholders will vote on a non-binding resolution regarding executive compensation. Approval of the MasTec, Inc. Amended and Restated 2013 Incentive Compensation Plan and the 2011 Employee Stock Purchase Plan are also on the agenda.

Why It Matters

For investors and stakeholders tracking MASTEC INC, this filing contains several important signals. The meeting will determine the composition of the board of directors and ratify the choice of auditor, impacting corporate governance and financial oversight. Shareholder votes on executive compensation and incentive plans directly influence the company's ability to attract and retain talent, and align employee interests with shareholder value.

Risk Assessment

Risk Level: low — MASTEC INC shows low risk based on this filing. This filing is a routine proxy statement for an annual shareholder meeting and does not contain new financial performance data or strategic shifts that would indicate significant risk.

Analyst Insight

Review the proposals for director elections and executive compensation to understand potential shifts in corporate governance and management incentives.

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Key Players & Entities

FAQ

When did MASTEC INC file this DEF 14A?

MASTEC INC filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by MASTEC INC (MTZ).

Where can I read the original DEF 14A filing from MASTEC INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by MASTEC INC.

What are the key takeaways from MASTEC INC's DEF 14A?

MASTEC INC filed this DEF 14A on April 4, 2024. Key takeaways: MasTec, Inc. will hold its 2024 Annual Meeting of Shareholders on May 14, 2024.. Shareholders will vote on the election of Jose R. Mas and Javier Palomarez as Class II directors.. The appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2024 will be ratified..

Is MASTEC INC a risky investment based on this filing?

Based on this DEF 14A, MASTEC INC presents a relatively low-risk profile. This filing is a routine proxy statement for an annual shareholder meeting and does not contain new financial performance data or strategic shifts that would indicate significant risk.

What should investors do after reading MASTEC INC's DEF 14A?

Review the proposals for director elections and executive compensation to understand potential shifts in corporate governance and management incentives. The overall sentiment from this filing is neutral.

Key Dates

Filing Stats: 4,513 words · 18 min read · ~15 pages · Grade level 13.9 · Accepted 2024-04-04 16:33:15

Key Financial Figures

Filing Documents

Security Ownership

Security Ownership 77 Certain Relationships and Related Party Transactions 81 Review and Approval of Related Person Transactions 81 Related Party Transactions 81 Questions and Answers About Our Annual Meeting 83 Other Business 88 Householding 89 4 TABLE OF CONTENTS Summary Proxy Information To assist you in reviewing our 2023 performance and voting your shares, we would like to call your attention to key elements of our 2024 proxy statement and our 2023 annual report to shareholders. The following is only a summary. For more complete information about these topics, please review the complete proxy statement and our 2023 annual report to shareholders. PROXY STATEMENT SUMMARY The following summary provides highlights contained in this proxy statement. You should carefully read and consider the information contained in the proxy statement as this summary does not contain all information you should consider before voting. AVAILABILITY OF PROXY MATERIALS We began mailing the Notice of Internet Availability of Proxy Materials on or about April 4, 2024, to shareholders of record at the close of business on March 11, 2024. INFORMATION ABOUT THE ANNUAL MEETING OF SHAREHOLDERS Date: Tuesday May 14, 2024 Time: 9:30 a.m., local time Place: www.virtualshareholdermeeting.com/MTZ2024. ITEMS OF BUSINESS Election of Jose R. Mas and Javier Palomarez as Class II directors to serve until the 2027 Annual Meeting of Shareholders. Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the 2024 fiscal year. Approval of a non-binding advisory resolution regarding the compensation of our named executive officers ("NEOs"), Approval of the MasTec, Inc. Amended and Restated 2013 Incentive Compensation Plan, which we refer to as the Restated 2013 ICP. The Restated 2013 ICP is an amendment and restatement of the existing MasTec, Inc. Amended and Restated 2013 Incentive Compensation Plan,

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