Quanta Services, Inc. Files Definitive Proxy Statement for 2024 Annual Meeting

Ticker: PWR · Form: DEF 14A · Filed: 2024-04-12T00:00:00.000Z

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, DEF 14A, Quanta Services, Stockholder Voting

TL;DR

<b>Quanta Services, Inc. has filed its Definitive Proxy Statement for the upcoming Annual Meeting of Stockholders on May 24, 2024.</b>

AI Summary

QUANTA SERVICES, INC. (PWR) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Quanta Services, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 12, 2024. The filing pertains to the Annual Meeting of Stockholders scheduled for May 24, 2024. The company's principal executive offices are located at 2727 North Loop West, Houston, TX 77008. The fiscal year end for Quanta Services, Inc. is December 31st. The filing is made under the Securities Exchange Act of 1934.

Why It Matters

For investors and stakeholders tracking QUANTA SERVICES, INC., this filing contains several important signals. This filing provides stockholders with essential information regarding the upcoming annual meeting, including details on voting procedures and matters to be presented. As a DEF 14A filing, it signifies the final version of the proxy materials being distributed to shareholders for their consideration and voting.

Risk Assessment

Risk Level: low — QUANTA SERVICES, INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational news.

Analyst Insight

Stockholders should review the proxy statement to understand the proposals and exercise their voting rights at the upcoming annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did QUANTA SERVICES, INC. file this DEF 14A?

QUANTA SERVICES, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 12, 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 QUANTA SERVICES, INC. (PWR).

Where can I read the original DEF 14A filing from QUANTA SERVICES, 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 QUANTA SERVICES, INC..

What are the key takeaways from QUANTA SERVICES, INC.'s DEF 14A?

QUANTA SERVICES, INC. filed this DEF 14A on April 12, 2024. Key takeaways: Quanta Services, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 12, 2024.. The filing pertains to the Annual Meeting of Stockholders scheduled for May 24, 2024.. The company's principal executive offices are located at 2727 North Loop West, Houston, TX 77008..

Is QUANTA SERVICES, INC. a risky investment based on this filing?

Based on this DEF 14A, QUANTA SERVICES, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational news.

What should investors do after reading QUANTA SERVICES, INC.'s DEF 14A?

Stockholders should review the proxy statement to understand the proposals and exercise their voting rights at the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does QUANTA SERVICES, INC. compare to its industry peers?

Quanta Services, Inc. operates in the electrical work industry, providing specialized contracting services.

Are there regulatory concerns for QUANTA SERVICES, INC.?

The filing is made in accordance with regulations set forth by the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

Industry Context

Quanta Services, Inc. operates in the electrical work industry, providing specialized contracting services.

Regulatory Implications

The filing is made in accordance with regulations set forth by the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

  1. Review the full DEF 14A filing for details on director nominations, executive compensation, and any other proposals.
  2. Ensure voting instructions are understood and submitted by the deadline for the May 24, 2024 Annual Meeting.
  3. Note the company's principal executive offices and fiscal year end for context.

Key Dates

Year-Over-Year Comparison

This is a standard DEF 14A filing for the annual meeting, providing updated information for the current year's shareholder vote.

Filing Stats: 4,267 words · 17 min read · ~14 pages · Grade level 16.2 · Accepted 2024-04-12 06:46:21

Filing Documents

Executive Compensation Decisions for 2023

Executive Compensation Decisions for 2023 38 Stock Ownership Guidelines 51 Pledging, Hedging and Other Transactions in Quanta Securities 51 Clawback Policies 52 Employment Agreements 52 Indemnification Agreements 53 Risk Considerations in Our Compensation Program 53 Compensation Process 54 Impact of Regulatory Requirements on Our Executive Compensation Decisions 55 Conclusion 56

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 57 2023 Compensation Tables 57 Nonqualified Deferred Compensation in 2023 63 Potential Payments upon Termination or Change in Control 65 Estimated Potential Payments 68 Equity Compensation Plan Information 70 Chief Executive Officer Pay Ratio 71 Pay Versus Performance 72 ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION 75 Proposal 2: Advisory Vote to Approve Executive Compensation 75 INDEPENDENT AUDITOR 77 Proposal 3: Ratification of the Appointment of Independent Registered Public Accounting Firm 77 Audit Committee Report 78 Audit Fees 79 AMENDMENT TO QUANTA'S RESTATED CERTIFICATE OF INCORPORATION 80 Proposal 4: Approval of an Amendment to Quanta's Restated Certificate of Incorporation 80

SECURITY OWNERSHIP

SECURITY OWNERSHIP 82

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 82

Security Ownership of Management

Security Ownership of Management 83 Employee, Officer and Director Hedging 84 CERTAIN TRANSACTIONS 85 Related Party Transactions 85 Review of Related Party Transactions 86 Delinquent Section 16(a) Reports 86 GENERAL INFORMATION 87 Questions and Answers About the Annual Meeting 87 Stockholder Proposals and Nominations of Directors for the 2025 Annual Meeting 91 ADDITIONAL INFORMATION 93 Other Matters 93 APPENDIX A – RECONCILIATION OF NON-GAAP FINANCIAL MEASURES A-1 APPENDIX B – AMENDMENT TO QUANTA'S RESTATED CERTIFICATE OF INCORPORATION B-1 1 Table of Contents QUANTA BOARD OF DIRECTORS Proposal 1: Election of Directors The Board of Directors unanimously recommends a vote FOR the election of each of the director nominees. The Board currently consists of eleven directors, whose current terms of office all expire at the Annual Meeting. In accordance with the Board's ordinary course succession planning process, David McClanahan, currently Chairman of our Board, and Margaret Shannon, currently a member of the Board, have chosen not to stand, and have not been nominated, for re-election at the Annual Meeting. Having considered the size, structure and composition of the Board, as well as the strategic direction of the Company and the Board's responsibility for oversight of risks facing the Company, as based on the recommendation of the Governance and Nominating Committee, the Board approved the nomination of Warner L. Baxter and Jo-ann dePass Olsovsky for election at the Annual Meeting, so that the Board shall thereafter continue to consist of eleven directors until otherwise determined in accordance with Quanta's bylaws. Additionally, following the Annual Meeting, the Board intends to retain its current independent non-executive chairman leadership structure and appoint a new non-executive, independent Chairman of the Board to replace Mr. McClanahan. The Board proposes that the following eleven nominees be ele

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