leadership
confidence high
sentiment neutral
materiality 0.40
Tutor Perini Director Sid Feltenstein to Resign Oct. 30 After Tutor Ownership Falls Below 11.25%
TUTOR PERINI CORP
- Sidney (Sid) Feltenstein, Ronald N. Tutor's Board designee, will resign from Tutor Perini's Board effective October 30, 2026, after 13 years of service.
- The resignation follows sales of Company common stock by Tutor-affiliated trusts that cut Ronald N. Tutor's beneficial ownership below 11.25%.
- Under the April 2, 2008 Shareholders Agreement, Tutor could designate one director while beneficially owning at least 11.25% of Tutor Perini common stock.
- CEO Gary Smalley praised Feltenstein's 13 years of Board service, and the filing says the Board is expected to reduce its size after the resignation.