MasTec Announces Board and Executive Changes
Ticker: MTZ · Form: 8-K · Filed: 2024-05-17T00:00:00.000Z
Sentiment: neutral
Topics: executive-changes, board-of-directors, officer-appointment, officer-resignation
Related Tickers: MTZ
TL;DR
MasTec shakes up leadership: Jose Mas joins board, Monte is new CAO, Hernandez exits.
AI Summary
MasTec, Inc. announced on May 14, 2024, a series of board and executive changes. These include the election of Jose R. Mas to the Board of Directors, the appointment of Victor G. Monte as Chief Accounting Officer, and the resignation of Albert M. Hernandez from his officer positions. The company also reported on matters submitted to a vote of security holders and filed financial statements and exhibits.
Why It Matters
Changes in board composition and executive leadership can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes, while common, can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- MasTec, Inc. (company) — Registrant
- Jose R. Mas (person) — Elected to Board of Directors
- Victor G. Monte (person) — Appointed Chief Accounting Officer
- Albert M. Hernandez (person) — Resigned from officer positions
- May 14, 2024 (date) — Date of earliest event reported
FAQ
Who has been elected to MasTec's Board of Directors?
Jose R. Mas has been elected to the Board of Directors.
Who has been appointed as the new Chief Accounting Officer?
Victor G. Monte has been appointed as the Chief Accounting Officer.
Which officer has resigned from their positions?
Albert M. Hernandez has resigned from his officer positions.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported is dated May 14, 2024.
What other items are reported in this 8-K filing besides executive changes?
The filing also reports on the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
Filing Stats: 1,311 words · 5 min read · ~4 pages · Grade level 13.2 · Accepted 2024-05-17 17:00:41
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 Par Value MTZ New York Stock Exchan
Filing Documents
- d783252d8k.htm (8-K) — 45KB
- 0001193125-24-141844.txt ( ) — 166KB
- mtz-20240514.xsd (EX-101.SCH) — 3KB
- mtz-20240514_lab.xml (EX-101.LAB) — 18KB
- mtz-20240514_pre.xml (EX-101.PRE) — 11KB
- d783252d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 MasTec, Inc.'s Amended and Restated 2013 Incentive Compensation Plan (incorporated by reference to Annex A to the Company's Definitive Proxy Statement, filed April 4, 2024). 10.2 MasTec, Inc.'s Amended and Restated 2011 Employee Stock Purchase Plan (incorporated by reference to Annex B to the Company's Definitive Proxy Statement, filed April 4, 2024). 104 The cover page of MasTec, Inc.'s Current Report on Form 8-K, formatted in Inline XBRL (included with the Exhibit 101 attachments). 3
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. MASTEC, INC. Date: May 17, 2024 By: /s/ Alberto de Cardenas Alberto de Cardenas Executive Vice President, General Counsel and Secretary 4