secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2025-10-07T23:59:59+00:00
Accession:  0001361538-25-000035
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primoris appoints Koti Vadlamudi as President and CEO effective Nov 10, 2025
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- Vadlamudi succeeds Interim CEO David King, who remains Chairman of the Board.
- Vadlamudi receives $1M base salary, 120% target bonus, and $3M annual equity target.
- Sign-on awards include $900k in restricted stock units (3-year vest) and $1.05M cash bonus (repayable if terminated within 1 year).
- Severance for termination without cause: 200% base salary plus pro-rata bonus and 1 year of COBRA premiums.
- Vadlamudi joins from Jacobs Solutions, where he was EVP of Operations with 30 years of experience.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153825000035/0001361538-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153825000035/prim-20251006x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-25-000035

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