secwatch.observer — SEC 8-K summary
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Issuer:     DYCOM INDUSTRIES INC (DY)
CIK:        0000067215
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0000947871-24-000794
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dycom appoints Kevin Wetherington as EVP & COO; Peyovich steps down as COO
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- Kevin M. Wetherington appointed EVP and COO, effective October 7, 2024.
- Wetherington previously Chief HSE, Security & Quality Officer at Baker Hughes.
- Employment agreement: $725K base salary, 90% target bonus, $1M equity sign-on grant.
- Daniel S. Peyovich steps down as COO but remains President; to become CEO Nov 30, 2024.
- Three-year term with automatic one-year renewals; two-year severance for termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67215/000094787124000794/0000947871-24-000794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67215/000094787124000794/ss3949877_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-24-000794

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer