secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0000700923-23-000031
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MYR Group announces C&I COO succession: Waneka retiring, Egan promoted effective May 1
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- Jeff Waneka to retire as SVP and COO of C&I segment effective May 1, 2023; will advise up to 3 months.
- Don Egan appointed SVP and COO C&I effective May 1, promoted from Group VP C&I since Jan 2017.
- Egan's base salary set at $390,000; automatic annual renewal with non-compete and confidentiality covenants.
- Severance: 2x base + target bonus (3x within 1 year of change of control) plus COBRA for 24 months.
- Both Waneka and Egan have 32 years of service with MYR Group and its subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000031/0000700923-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000031/myrg-20230327.htm
  HTML page:      https://secwatch.observer/filing/0000700923-23-000031

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