MasTec (MTZ) Ownership Update Filed
Ticker: MTZ · Form: SC 13D/A · Filed: 2024-09-10T00:00:00.000Z
Sentiment: neutral
Topics: ownership-change, sec-filing, 13d-amendment
Related Tickers: MTZ
TL;DR
Jose Mas group updated their MasTec (MTZ) 13D filing on 9/10/24 - ownership change.
AI Summary
On September 10, 2024, Jose Ramon Mas, through various entities including JORGE MAS IRREVOCABLE FAMILY TRUST and MAS EQUITY PARTNERS III, LLC, filed an amendment (No. 3) to their Schedule 13D regarding MasTec, Inc. (MTZ). The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt.
Why It Matters
This filing signals a potential shift in control or significant stake changes for MasTec, Inc., which could influence its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or indicate substantial investor influence, warranting close monitoring.
Key Players & Entities
- Jose Ramon Mas (person) — Filing party and beneficial owner
- MasTec, Inc. (company) — Subject company
- JORGE MAS IRREVOCABLE FAMILY TRUST (company) — Group member filing
- MAS EQUITY PARTNERS III, LLC (company) — Group member filing
- Jose Ramon Mas Holdings I, LLC (company) — Group member filing
- Jose Ramon Mas Holdings, LLC (company) — Group member filing
- Jose Ramon Mas Irrevocable Family Trust (company) — Group member filing
- Mas Family Foundation Inc. (company) — Group member filing
FAQ
What specific changes in beneficial ownership are detailed in Amendment No. 3 to the Schedule 13D?
The provided excerpt does not detail the specific changes in beneficial ownership, only that an amendment was filed on September 10, 2024.
Who are the primary filing parties for this Schedule 13D/A amendment?
The primary filing parties are Jose Ramon Mas and various entities associated with him, including JORGE MAS IRREVOCABLE FAMILY TRUST, JOSE RAMON MAS HOLDINGS I, LLC, JOSE RAMON MAS HOLDINGS, LLC, JOSE RAMON MAS IRREVOCABLE FAMILY TRUST, MAS EQUITY PARTNERS III, LLC, and MAS FAMILY FOUNDATION INC.
What is the CUSIP number for MasTec, Inc. common stock mentioned in the filing?
The CUSIP number for MasTec, Inc. common stock is 576323109.
When was the previous name 'BURNUP & SIMS INC' for MasTec, Inc. changed?
The date of the name change from 'BURNUP & SIMS INC' to MasTec, Inc. was July 3, 1992.
What is the business address and phone number for MasTec, Inc. as listed in the filing?
The business address is 800 S. Douglas Road, 12th Floor, Coral Gables, FL 33134, and the business phone number is (305) 599-1800.
Filing Stats: 2,546 words · 10 min read · ~8 pages · Grade level 12.1 · Accepted 2024-09-10 16:37:56
Key Financial Figures
- $97.3535 — luation Price) is less than or equal to $97.3535 (the Tranche 1 Floor Price) or $78.5147
- $78.5147 — $97.3535 (the Tranche 1 Floor Price) or $78.5147 (the Tranche 2 Floor Price, and each of
- $127.6413 — respectively, but less than or equal to $127.6413 (the Tranche 1 Cap Price) or $136.9646
- $136.9646 — $127.6413 (the Tranche 1 Cap Price) or $136.9646 (the Tranche 2 Cap Price, and each of t
Filing Documents
- d863670dsc13da.htm (SC 13D/A) — 122KB
- d863670dex991.htm (EX-99.1) — 92KB
- 0001193125-24-216656.txt ( ) — 216KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. EXECUTED as of this 10th day of September, 2024. /s/ Jose Mas Name: Jose Mas JOSE RAMON MAS HOLDINGS I, LLC By: Jose Ramon Mas Holdings, LLC By: /s/ Jose Mas Name: Jose Mas Title: Manager JOSE RAMON MAS HOLDINGS, LLC By: /s/ Jose Mas Name: Jose Mas Title: Manager JOSE RAMON MAS IRREVOCABLE FAMILY TRUST By: /s/ Jorge Mas Name: Jorge Mas Title: Trustee JORGE MAS IRREVOCABLE FAMILY TRUST By: /s/ Jose Mas Name: Jose Mas Title: Trustee MAS EQUITY PARTNERS III, LLC By: /s/ Jose Mas Name: Jose Mas Title: Member MAS FAMILY FOUNDATION INC. By: /s/ Jose Mas Name: Jose Mas Title: Secretary EXHIBIT INDEX Exhibit Number Description 99.1 Variable Share Forward Transaction Amendment No. 2 Agreement dated August 16, 2024 by and between Jose Ramon Mas and Bank of America, N.A.