---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-22-000046"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2022-08-18T23:59:59+00:00"
generated_at: "2026-06-23T22:46:27.127624+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Group names Travis J. Boone as President & CEO, effective Sept 12, 2022

## Summary
- 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.

## SEC filing metadata
- accession: 0001402829-22-000046
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2022-08-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000046/0001402829-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000046/orn-20220815x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-22-000046
- JSON: https://secwatch.observer/filing/0001402829-22-000046.json
- Plain text: https://secwatch.observer/filing/0001402829-22-000046.txt

## Key facts
- Executive change
  Travis J. Boone was appointed as President and Chief Executive Officer at Orion Group Holdings Inc.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000046/0001402829-22-000046-index.htm
- Executive change
  Austin J. Shanfelter changed role as Interim CEO at Orion Group Holdings Inc.
  - Action: step down
  - Role: Interim CEO
  source text: Effective September 12, 2022, Austin J. Shanfelter will step down as Interim CEO, and thereafter, shall continue to serve as Orion’s Executive Chairman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000046/0001402829-22-000046-index.htm
- Executive change
  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
  source text: Mr. Boone will also serve as a member of the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000046/0001402829-22-000046-index.htm

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