secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000077543-24-000185
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini signs separation pact with former EVP Civil Group Smithson
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754324000185/0000077543-24-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754324000185/tpc-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000077543-24-000185

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