---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-24-000185"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T16:05:00.958085+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini signs separation pact with former EVP Civil Group Smithson

## Summary
- 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.

## SEC filing metadata
- accession: 0000077543-24-000185
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2024-07-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754324000185/0000077543-24-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754324000185/tpc-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-24-000185
- JSON: https://secwatch.observer/filing/0000077543-24-000185.json
- Plain text: https://secwatch.observer/filing/0000077543-24-000185.txt

## Key facts
- Executive change
  Michael F. Smithson departed as Executive Vice President, Civil Group at TUTOR PERINI CORP.
  - Action: departure
  - Role: Executive Vice President, Civil Group
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754324000185/0000077543-24-000185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.