secwatch.observer — SEC 8-K summary
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Issuer:     Construction Partners, Inc. (ROAD)
CIK:        0001718227
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001718227-22-000096
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718227/000171822722000096/0001718227-22-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718227/000171822722000096/road-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001718227-22-000096

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer