Tutor Perini Corporation filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders
$TPC
General Bldg Contractors - Nonresidential Bldgs
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 20, 2026
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Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
(e) On May 20, 2026, the Compensation Committee of the Board of Directors of Tutor Perini Corporation (the “Company”) unanimously approved the Tutor Perini Corporation Deferred Compensation Plan (the “Plan”). The Plan is intended to be an unfunded arrangement for eligible employees who are part of a select group of management or highly compensated employees of the Company and its subsidiaries within the meaning of ERISA and is intended to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended.
Under the Plan, eligible employees designated by the Company, including the Company’s named executive officers, may participate in the Plan to defer receipt of their cash compensation, including a percentage of their salaries, annual and long-term incentive bonuses, cash-settled restricted stock units and cash-settled performance stock units.
Elective deferrals of cash compensation are credited to a bookkeeping account established in the name of the participant. A participant is always 100% vested in their elective cash deferrals and any earnings thereon. The Company may make discretionary contributions to the Plan for selected participants and may subject such contributions to a vesting schedule.
Participant accounts will be credited with an investment return determined as if each account were invested in various investment alternatives made available by the Plan administrator and elected by the participant. The Company may set aside assets to fund its obligations under the Plan in a limited (“rabbi”) trust, subject to the claims of the Company’s creditors in the event of the Company’s bankruptcy or insolvency.
Participants may elect to receive distributions of their accounts: (i) while still in the service of the Company, in either a lump sum or in two to five annual installments, in each case beginning no earlier than two years after such amounts were earned; (ii) upon a separation from service prior to reaching retirement eligibility (which is age 60 with at least seven years of cumulative service), in a lump sum paid no earlier than six months after separation from service; or (iii) upon a separation from service on or after reaching retirement eligibility, in either a lump sum or in two to 10 annual installments, in each case beginning no earlier than six months after separation from service. In addition, a participant’s account balance will be distributed within 30 days following the participant’s death, without regard to any participant election. A participant may also request a distribution from the Plan due to an unforeseeable emergency, subject to the approval of the Plan administrator.
The foregoing summary of the Plan does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Plan, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2026, and is incorporated herein by this reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Company’s shareholders voted on three proposals as described in the Proxy Statement, and cast their votes as set forth below.
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Proposal 1: Election of Directors
The Company's shareholders elected each of the following 10 nominees for director to serve until the Company's 2027 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified. The final voting results for the election of directors were as follows:
| Elected Directors | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||||||||||||||
| Ronald N. Tutor | 38,926,119 | 917,257 | 23,857 | 5,960,026 | ||||||||||||||||||||||
| Gary G. Smalley | 39,410,176 | 436,392 | 20,665 | 5,960,026 | ||||||||||||||||||||||
| Peter Arkley | 38,956,354 | 891,377 | 19,502 | 5,960,026 | ||||||||||||||||||||||
| Jigisha Desai | 36,091,008 | 3,755,431 | 20,794 | 5,960,026 | ||||||||||||||||||||||
| Sidney J. Feltenstein | 39,169,454 | 675,126 | 22,653 | 5,960,026 | ||||||||||||||||||||||
| Robert C. Lieber | 39,067,451 | 775,638 | 24,144 | 5,960,026 | ||||||||||||||||||||||
| Dennis D. Oklak | 39,483,643 | 359,446 | 24,144 | 5,960,026 | ||||||||||||||||||||||
| Raymond R. Oneglia | 38,220,426 | 1,622,382 | 24,425 | 5,960,026 | ||||||||||||||||||||||
| Dale Anne Reiss | 38,815,159 | 1,028,579 | 23,495 | 5,960,026 | ||||||||||||||||||||||
| Shahrokh (“Rock”) Shah | 39,522,340 | 318,864 | 26,029 | 5,960,026 | ||||||||||||||||||||||
Proposal 2: Ratification of Appointment of Independent Auditor
The Company's shareholders ratified the appointment of Deloitte & Touche LLP, an independent registered public accounting firm, as independent auditors of the Company for the year ending December 31, 2026. The final voting results on this proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 44,877,918 | 937,200 | 12,141 | 0 | |||||||||||||||||
Proposal 3: Approval of the Compensation of the Company’s Named Executive Officers on an Advisory (Non-binding) Basis
The Company’s shareholders cast their votes with respect to the approval of the compensation of the Company's named executive officers on an advisory (non-binding) basis. The final voting results on this proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 38,631,812 | 952,357 | 283,064 | 5,960,026 | |||||||||||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| TUTOR PERINI CORPORATION | |||||||||||
| Date: | May 26, 2026 | By: | /s/ Ifigenia Protopappas | ||||||||
Ifigenia Protopappas | |||||||||||
| Corporate Secretary | |||||||||||
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