secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0000077543-23-000192
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini appoints Gary Smalley President, to become CEO Jan 1, 2025; Ryan Soroka named CFO
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- Gary Smalley appointed President effective Nov 15, 2023; plans to succeed Ronald Tutor as CEO on Jan 1, 2025.
- Ronald Tutor to transition to Executive Chairman upon Smalley's CEO promotion.
- Ryan Soroka appointed SVP and CFO effective Nov 15, 2023, in addition to current CAO role.
- Smalley's base salary raised to $1.1M; target annual incentive increased to 125% of salary.
- Smalley receives deferred cash award valued at 124,379 shares, vesting in equal annual installments over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754323000192/0000077543-23-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754323000192/tpc-20231115.htm
  HTML page:      https://secwatch.observer/filing/0000077543-23-000192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer