secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0001402829-22-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Group Holdings names Austin Shanfelter Interim CEO; Stauffer steps down
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- Mark R. Stauffer separated as President, CEO, and board member effective April 6, 2022; consulting through June 30 at $13,900/week.
- Austin J. Shanfelter, Board Chairman, appointed Interim CEO and Interim CFO; Richard L. Daerr, Jr. named Lead Independent Director.
- Company reaffirms FY2022 adjusted EBITDA guidance of mid-$30 million range.
- Board initiates search for permanent CEO via executive search firm.
- Stauffer receives cash severance per employment agreement plus accelerated equity vesting for awards through Aug 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282922000019/0001402829-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282922000019/orn-20220406x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-22-000019

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