Orion Group director Richard Daerr Jr. to retire at May 2024 annual meeting; board reduces to 7 members

Orion Group Holdings Inc

Richard Daerr, Jr. informed the board on March 21, 2024 he will not stand for re-election.
Retirement effective May 16, 2024; Daerr served 17 years on the board, 13 as Chairman.
Daerr’s departure is not due to any disagreement with the company.
Board size to decrease from eight to seven directors, six independent.
Daerr will continue as Class II director and Compensation Committee member until retirement.

item 5.02 item 7.01 item 9.01

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Departed

Richard Daerr Jr.

Director

ORN · Orion Group Holdings Inc

Effective: 2024-05-16
Filed: March 25, 2024, 7:59 PM ET

Mr. Richard Daerr, Jr. informed the Chairman of the Board of Orion on March 21, 2024 pursuant to Orion’s Amended and Restated Bylaws that Mr. Daerr does not intend to stand for re-election at the Company's next Annual General Meeting of Stockholders on May 16, 2024 (the “Annual Meeting”), but instead intends to retire from the Board effective at the conclusion of the Annual Meeting.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Daerr Jr. departed as Director at Orion Group Holdings Inc.

Action: retire
Role: Director

Exact text from the filing

Mr. Richard Daerr, Jr. informed the Chairman of the Board of Orion on March 21, 2024 pursuant to Orion’s Amended and Restated Bylaws that Mr. Daerr does not intend to stand for re-election at the Company's next Annual General Meeting of Stockholders on May 16, 2024 (the “Annual Meeting”), but instead intends to retire from the Board effective at the conclusion of the Annual Meeting.

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Source: SEC EDGAR

accession 0001402829-24-000018

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