Tutor Perini signs separation pact with former EVP Civil Group Smithson

TUTOR PERINI CORP

Severance of $1.05M (14 months salary) paid in equal monthly installments over seven months.
Additional cash payment of $900,000 equal to 2024 target annual bonus, paid with other executives' bonuses.
COBRA premium reimbursement for medical, dental, vision for up to 18 months for Smithson and eligible dependents.
Agreement dated July 25, 2024, following Smithson's departure as EVP Civil Group on June 21, 2024.
Smithson provided general release of claims and agreed to continue restrictive covenants.

item 5.02

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Departed

Michael F. Smithson

Executive Vice President, Civil Group

TPC · TUTOR PERINI CORP

Effective: 2024-06-21
Filed: July 26, 2024, 7:59 PM ET

Tutor Perini Corporation (the “Company”) and Michael F. Smithson, the Company’s former Executive Vice President, Civil Group, have entered into a Separation Agreement, dated July 25, 2024 (the “Separation Agreement”) in connection with Mr. Smithson’s previously disclosed departure from the Company on June 21, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael F. Smithson departed as Executive Vice President, Civil Group at TUTOR PERINI CORP.

Action: departure
Role: Executive Vice President, Civil Group

Exact text from the filing

Tutor Perini Corporation (the “Company”) and Michael F. Smithson, the Company’s former Executive Vice President, Civil Group, have entered into a Separation Agreement, dated July 25, 2024 (the “Separation Agreement”) in connection with Mr. Smithson’s previously disclosed departure from the Company on June 21, 2024.

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Source: SEC EDGAR

accession 0000077543-24-000185

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