Sterling shareholders OK doubling stock plan shares to 5.3M; all board nominees elected

STERLING INFRASTRUCTURE, INC.

Increase of 1.9M shares from 3.4M to 5.3M under the 2018 Stock Incentive Plan approved.
Plan term extended to May 9, 2034; minimum vesting exception shares increased to 265,000.
All eight director nominees elected; Patton and Wilson each received >1.98M votes against.
Advisory vote on named executive officer compensation passed with 23.2M for, 557k against.
Ratification of Grant Thornton as independent auditor for 2024 passed (26.3M for, 870k against).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

STERLING INFRASTRUCTURE, INC. shareholders approved Adoption of the Second Amended and Restated 2018 Stock Incentive Plan at the 2024-05-09 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-05-09

Exact text from the filing

Proposal No. 4 : Adoption of the Second Amended and Restated 2018 Stock Incentive Plan. For Against Abstain Broker Non-Votes 22,665,181 1,150,152 44,556 3,293,074

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

STERLING INFRASTRUCTURE, INC. shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2024-05-09 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-05-09

Exact text from the filing

Proposal No. 2 : Approval, on an advisory basis, of the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Votes 23,233,436 557,252 69,201 3,293,074

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

STERLING INFRASTRUCTURE, INC. shareholders approved Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2024 at the 2024-05-09 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-09

Exact text from the filing

Proposal No. 3 : Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2024. For Against Abstain 26,263,039 870,074 19,850

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

STERLING INFRASTRUCTURE, INC. shareholders approved Election of each of the eight director nominees: William T. Bosway, Roger A. Cregg, Joseph A. Cutillo, Julie A. Dill, Dana C. O'Brien, Charles R. Patton, Thomas M. White, Dwayne A. Wilson at the 2024-05-09 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-09

Exact text from the filing

Bosway 23,166,710 676,914 16,265 3,293,074 Roger A. Cregg 23,710,808 132,730 16,351 3,293,074 Joseph A.

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STERLING INFRASTRUCTURE, INC. filing history →

Source: SEC EDGAR

accession 0000874238-24-000088

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