Orion Group notifies EVP & General Counsel Peter Buchler of non-renewal; retirement effective Jan 1, 2024 or later

Orion Group Holdings Inc

Peter R. Buchler's employment agreement expires Sep 30, 2023; Company elects not to renew.
He will remain employed until later of Jan 1, 2024 or 30 days after new General Counsel starts.
Receives 12 months severance, 2023 NEO bonus eligibility, and continued equity vesting for one year post-retention date.
Outstanding stock options exercisable through earlier of 10th anniversary of grant or first anniversary of retention date.
Restricted period under employment agreement ends on first anniversary of retention date.

item 5.02 item 9.01

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Departed

Peter R. Buchler

Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary

ORN · Orion Group Holdings Inc

Effective: 2024-01-01
Filed: August 4, 2023, 7:59 PM ET

Mr. Buchler will retire from the Company effective upon the later of January 1, 2024, or thirty days after the first day of employment of a new General Counsel

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Peter R. Buchler departed as Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary at Orion Group Holdings Inc.

Action: retire
Role: Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary

Exact text from the filing

Mr. Buchler will retire from the Company effective upon the later of January 1, 2024, or thirty days after the first day of employment of a new General Counsel

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Orion Group Holdings Inc filing history →

Source: SEC EDGAR

accession 0001402829-23-000046

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