other material
confidence high
sentiment neutral
materiality 0.30
Tutor Perini approves deferred comp plan; shareholders reelect all directors
TUTOR PERINI CORP
- New deferred compensation plan allows named executives to defer salary, bonuses, cash-settled RSUs and PSUs.
- Participants are 100% vested in elective deferrals; company may add discretionary contributions with vesting schedule.
- Distributions available in lump sum or installments upon separation, death, or unforeseeable emergency.
- Shareholders elected all 10 director nominees, including Ronald N. Tutor (38.9M votes for) and Gary G. Smalley (39.4M).
- Ratified Deloitte & Touche as auditor (44.9M for) and approved say-on-pay advisory vote (38.6M for).