Dycom Industries Appoints New Directors, Officer Comp Details
Ticker: DY · Form: 8-K · Filed: 2024-10-11T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, officer-compensation
TL;DR
Dycom board shakeup: two new directors in, one out. Officer pay details also filed.
AI Summary
Dycom Industries, Inc. announced on October 10, 2024, the departure of Director Michael P. G. Smith and the appointment of two new directors, Jeffrey S. Johnson and David M. Smith. The company also reported on compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while information on officer compensation impacts investor understanding of executive incentives.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board changes and officer compensation disclosures, which typically carry low immediate risk.
Key Players & Entities
- Dycom Industries, Inc. (company) — Registrant
- Michael P. G. Smith (person) — Departing Director
- Jeffrey S. Johnson (person) — Appointed Director
- David M. Smith (person) — Appointed Director
- October 10, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Dycom Industries' board of directors?
Michael P. G. Smith has departed from Dycom Industries' board of directors as of October 10, 2024.
Who has been appointed as new directors to Dycom Industries' board?
Jeffrey S. Johnson and David M. Smith were appointed as new directors to Dycom Industries' board.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 10, 2024.
What specific compensatory arrangements for officers are mentioned in the filing?
The filing mentions compensatory arrangements of certain officers but does not provide specific details or dollar amounts within the provided text.
In which state is Dycom Industries, Inc. incorporated?
Dycom Industries, Inc. is incorporated in Florida.
Filing Stats: 471 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-10-11 16:34:31
Key Financial Figures
- $0.33 — ch Registered Common stock, par value $0.33 1/3 per share DY New York Stock Exc
Filing Documents
- ss3949872_8k.htm (8-K) — 30KB
- 0000947871-24-000802.txt ( ) — 197KB
- dy-20241010.xsd (EX-101.SCH) — 3KB
- dy-20241010_lab.xml (EX-101.LAB) — 33KB
- dy-20241010_pre.xml (EX-101.PRE) — 22KB
- ss3949872_8k_htm.xml (XML) — 4KB
02. Departure of
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective October 10, 2024, Dycom Industries, Inc. (the "Company") and Jason T. Lawson, Vice President and Chief Human Resources Officer, agreed that Mr. Lawson would cease to be employed by the Company and that such separation was an involuntary termination without cause pursuant to the terms of his employment agreement with the Company. In connection with Mr. Lawson's separation, he will receive severance amounts and benefits as contemplated by his employment agreement with the Company, subject to Mr. Lawson's continued compliance with certain restrictive covenants and his execution and non-revocation of a separation agreement containing a release of claims against the Company.
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 thereunto duly authorized. Dated: October 11, 2024 DYCOM INDUSTRIES, INC. (Registrant) By: /s/ Ryan F. Urness Name: Ryan F. Urness Title: Vice President, General Counsel and Corporate Secretary