---
schema_version: "secwatch.filing_event.v1"
accession: "0001718227-22-000096"
form_type: "8-K"
ticker: "ROAD"
cik: "0001718227"
company_name: "Construction Partners, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:35:45.768482+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Construction Partners grants PSU awards to CEO (15,905 target) and three SVPs; updates bylaws

## Summary
- CEO Fred J. (Jule) Smith III receives 15,905 target PSUs under new LTIP-B award.
- Three SVPs receive target PSUs: Harper 8,362, Flowers 8,017, Armstrong 7,758.
- PSU vesting tied to revenue growth (50%) and average Adjusted EBITDA margin (50%) over 3-year period.
- Relative TSR vs Russell 2000 can adjust vested PSUs by ±15%.
- Board adopts amended bylaws updating meeting formats, proxy rules, and stockholder proposal requirements.

## SEC filing metadata
- accession: 0001718227-22-000096
- form_type: 8-K
- ticker: ROAD
- cik: 0001718227
- company_name: Construction Partners, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718227/000171822722000096/0001718227-22-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718227/000171822722000096/road-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001718227-22-000096
- JSON: https://secwatch.observer/filing/0001718227-22-000096.json
- Plain text: https://secwatch.observer/filing/0001718227-22-000096.txt

## Key facts
- Governance Changes
  Construction Partners, Inc.: Amended and restated bylaws effective immediately, with changes including hybrid meetings, updated DGCL provisions, enhanced stockholder nomination and proposal procedures, removal of annual officer election requirement, and other updates (effective 2022-11-03).
  - Change: bylaw amendment
  - Effective: 2022-11-03
  source text: On November 3, 2022, the Board adopted amended and restated by-laws of the Company (the by-laws, as so amended and restated, the “Amended and Restated By-Laws”), effective immediately. The Amended and Restated By-Laws, among other things: • clarify that meetings of stockholders may be held in a hybrid in-person and virtual format; • modify the provisions relating to adjournment procedures and lists of stockholders entitled to vote at stockholder meetings, in each case, to reflect recent amendments to the Delaware General Corporation Law, as amended (the “DGCL”); • clarify the parameters for proxies in connection with stockholder meetings; • clarify that written consents of the Board may be documented, signed and delivered in any manner permitted by Section 116 of the DGCL; • enhance procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of stockholder proposals (other than proposals to be included in the Company’s proxy
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718227/000171822722000096/0001718227-22-000096-index.htm

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