8-K
filed May 19, 2023, 7:59 PM ET
ticker TPC
CIK 0000077543
other material
confidence high
sentiment negative
materiality 0.15
Tutor Perini shareholders vote against executive compensation; 27.2M votes against
TUTOR PERINI CORP
- Say-on-pay proposal failed: 11.8M for, 27.2M against, 7.2M broker non-votes.
- Directors Arkley, Horodniceanu, Klein, Lieber, Oneglia each received >20M votes withheld.
- Auditor Deloitte ratified with 45.5M for, 644k against.
- Shareholders voted for annual say-on-pay frequency; 35.8M for one year.
- 10 directors elected despite substantial withhold votes; board diversity still present.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TUTOR PERINI CORP shareholders approved Election of Directors at the 2023-05-17 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Proposal 1: Election of Directors The Company's shareholders elected each of the following 10 nominees for director to serve a one-year term expiring at the Company's 2024 Annual Meeting of Shareholders.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TUTOR PERINI CORP shareholders approved Ratification of Appointment of Auditors at the 2023-05-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Proposal 2: Ratification of Appointment of Auditors The Company's shareholders ratified the selection of Deloitte & Touche LLP, independent registered public accountants, as auditors of the Company for the year ending December 31, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TUTOR PERINI CORP shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-05-17 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Proposal 4: Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation The Company’s shareholders cast their votes with respect to the advisory vote on the frequency of future advisory votes on executive compensation as set forth below: One Year Two Years Three Years Abstentions Broker Non-Votes 35,771,659 43,786 3,120,044 145,681 7,209,749
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TUTOR PERINI CORP shareholders rejected Approval on an Advisory (Non-binding) Basis of the Compensation Paid to the Company’s Named Executive Officers at the 2023-05-17 meeting.
- Proposal
- say on pay
- Outcome
- failed
- Meeting
- 2023-05-17
Exact text from the filing
Proposal 3: Approval on an Advisory (Non-binding) Basis of the Compensation Paid to the Company’s Named Executive Officers The Company’s shareholders cast their votes with respect to the approval on an advisory (non-binding) basis of the compensation paid to the Company's named executive officers as set forth below:
View on SEC.gov
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