Primoris COO John F. Moreno Jr. departs; separation includes $1.55M payment

Primoris Services Corp

John F. Moreno, Jr. no longer serves as Chief Operating Officer effective May 22, 2023; separation is mutual.
Mr. Moreno to receive $1,550,000 total consideration, partly via accelerated vesting of March 2023 RSUs, balance in cash.
All other unvested RSUs and PSUs forfeited; non-compete released; non-disparagement and non-solicitation obligations apply.

item 5.02 item 9.01

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Departed

John F. Moreno, Jr.

Chief Operating Officer

PRIM · Primoris Services Corp

Effective: 2023-05-22
Filed: May 26, 2023, 7:59 PM ET

On May 22, 2023, Primoris Services Corporation, a Delaware corporation (“Primoris, the “Company”) and John F. Moreno, Jr., reached a mutual agreement of employment separation, pursuant to which Mr. Moreno will no longer serve as Chief Operating Officer of Primoris effective as of May 22, 2023.

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Executive change SEC 8-K Item 5.02 confidence 1.0

John F. Moreno, Jr. departed as Chief Operating Officer at Primoris Services Corp.

Action: mutually agreed to separate
Role: Chief Operating Officer

Exact text from the filing

On May 22, 2023, Primoris Services Corporation, a Delaware corporation (“Primoris, the “Company”) and John F. Moreno, Jr., reached a mutual agreement of employment separation, pursuant to which Mr. Moreno will no longer serve as Chief Operating Officer of Primoris effective as of May 22, 2023.

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Primoris Services Corp filing history →

Source: SEC EDGAR

accession 0001361538-23-000022

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