Fluor Appoints New CFO, David L. Turner
Ticker: FLR · Form: 8-K · Filed: Dec 3, 2024
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Fluor names David L. Turner as new CFO, starting Dec 2nd. He's getting $600k salary + $1.5M in stock.
AI Summary
Fluor Corporation announced on November 29, 2024, the appointment of David L. Turner as Executive Vice President and Chief Financial Officer, effective December 2, 2024. Turner will receive an annual base salary of $600,000 and is eligible for a discretionary annual bonus. He will also be granted restricted stock units valued at $1,500,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $600,000 — Annual Base Salary (For new CFO David L. Turner)
- $1,500,000 — Restricted Stock Units Value (Granted to new CFO David L. Turner, vesting over three years)
Key Players & Entities
- Fluor Corporation (company) — Registrant
- David L. Turner (person) — Appointed Executive Vice President and Chief Financial Officer
- $600,000 (dollar_amount) — Annual base salary for David L. Turner
- $1,500,000 (dollar_amount) — Value of restricted stock units granted to David L. Turner
- November 29, 2024 (date) — Date of Report
- December 2, 2024 (date) — Effective date for David L. Turner's appointment
FAQ
Who has been appointed as the new Executive Vice President and Chief Financial Officer of Fluor Corporation?
David L. Turner has been appointed as the new Executive Vice President and Chief Financial Officer of Fluor Corporation.
When is David L. Turner's appointment as CFO effective?
David L. Turner's appointment as CFO is effective December 2, 2024.
What is David L. Turner's annual base salary?
David L. Turner's annual base salary is $600,000.
What is the value of the restricted stock units granted to David L. Turner?
David L. Turner has been granted restricted stock units valued at $1,500,000.
Over what period will David L. Turner's restricted stock units vest?
David L. Turner's restricted stock units will vest over three years.
Filing Stats: 693 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-12-03 16:41:05
Filing Documents
- flr-20241129.htm (8-K) — 33KB
- ex99112032024.htm (EX-99.1) — 10KB
- image_0a.jpg (GRAPHIC) — 754KB
- 0001628280-24-049777.txt ( ) — 1201KB
- flr-20241129.xsd (EX-101.SCH) — 2KB
- flr-20241129_lab.xml (EX-101.LAB) — 21KB
- flr-20241129_pre.xml (EX-101.PRE) — 13KB
- flr-20241129_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. A copy of the Corporation's press release regarding the foregoing matters is furnished as Exhibit 99.1 hereto.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release issued by Fluor Corporation on December 2, 2024. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 2
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. Date: December 3, 2024 FLUOR CORPORATION By: /s/ Kevin B. Hammonds Kevin B. Hammonds Executive Vice President, Chief Legal Officer 3