---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-180353"
form_type: "8-K/A"
ticker: "CTRI"
cik: "0001981599"
company_name: "Centuri Holdings, Inc."
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:17:55.222272+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Centuri discloses interim CEO Caudill's $275K/month fee, 26,315 RSUs; Fehrman forfeits equity, repays $2M bonus

## Summary
- Paul J. Caudill appointed interim President & CEO effective July 31, 2024; $275,000 monthly consulting fee.
- Caudill receives 26,315 time-based RSUs ($500,000 value) vesting one year from July 1, 2024.
- Initial term of six months; may extend monthly if successor not appointed.
- Former CEO William J. Fehrman forfeits all unvested RSUs and repays $2 million signing bonus upon resignation.

## SEC filing metadata
- accession: 0001193125-24-180353
- form_type: 8-K/A
- ticker: CTRI
- cik: 0001981599
- company_name: Centuri Holdings, Inc.
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981599/000119312524180353/0001193125-24-180353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981599/000119312524180353/d873144d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-180353
- JSON: https://secwatch.observer/filing/0001193125-24-180353.json
- Plain text: https://secwatch.observer/filing/0001193125-24-180353.txt

## Key facts
- Executive change
  Paul J. Caudill was appointed as interim President and Chief Executive Officer at Centuri Holdings, Inc..
  - Action: appointed
  - Role: interim President and Chief Executive Officer
  source text: In connection with Mr. Caudill’s appointment as interim Chief Executive Officer, on July 16, 2024, the Company entered into a consulting agreement (the “Consulting Agreement”) with Mr. Caudill.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000119312524180353/0001193125-24-180353-index.htm
- Executive change
  William J. Fehrman resigned as President and Chief Executive Officer at Centuri Holdings, Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: As previously disclosed in the Initial Form 8-K, in connection with his resignation as President and Chief Executive Officer of the Company, Mr. Fehrman will forfeit all of his unvested restricted stock units and cash incentive awards and repay the $2.0 million signing bonus paid to him upon commencement of his employment with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000119312524180353/0001193125-24-180353-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.