home · filing · 0001402829-22-000046
8-K filed August 18, 2022, 7:59 PM ET
ticker ORN
CIK 0001402829
leadership
confidence high
sentiment neutral
materiality 0.75
Orion Group names Travis J. Boone as President & CEO, effective Sept 12, 2022
Orion Group Holdings Inc
Austin J. Shanfelter to step down as Interim CEO, remain Executive Chairman.
Base salary $750,000; annual target bonus up to 100% of base; $200,000 stub bonus for H2 2022 if $25M EBITDA achieved and progress on credit facility.
Equity awards: $1.2M restricted stock (3-yr time vest) and $650K performance units (3-yr cliff, 75% ROIC/25% TSR).
Relocation support: temporary housing, two house-hunting trips, up to $50K moving expenses.
Severance terms: 1x base salary for non-CIC termination; 3x base salary + bonus + auto allowance for CIC-related termination.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2022-09-12
Filed August 18, 2022, 7:59 PM ET
The Company is pleased to announce that Mr. Travis J. Boone has accepted the Company’s offer of employment as President and Chief Executive Officer.
Effective 2022-09-12
Successor Travis J. Boone
Filed August 18, 2022, 7:59 PM ET
Effective September 12, 2022, Austin J. Shanfelter will step down as Interim CEO, and thereafter, shall continue to serve as Orion’s Executive Chairman.
Effective 2022-09-12
Filed August 18, 2022, 7:59 PM ET
Mr. Boone will also serve as a member of the Company’s Board of Directors.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Travis J. Boone was appointed as President and Chief Executive Officer at Orion Group Holdings Inc.
Action appointed
Role President and Chief Executive Officer
Exact text from the filing
The Company is pleased to announce that Mr. Travis J. Boone has accepted the Company’s offer of employment as President and Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Austin J. Shanfelter changed role as Interim CEO at Orion Group Holdings Inc.
Action step down
Role Interim CEO
Exact text from the filing
Effective September 12, 2022, Austin J. Shanfelter will step down as Interim CEO, and thereafter, shall continue to serve as Orion’s Executive Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Travis J. Boone was appointed as member of the Board of Directors at Orion Group Holdings Inc.
Action will also serve
Role member of the Board of Directors
Exact text from the filing
Mr. Boone will also serve as a member of the Company’s Board of Directors.
View on SEC.gov
Source: SEC EDGAR
accession 0001402829-22-000046
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