Form 8-K · Current Report · Filed 2024-05-17
MasTec Inc. Shareholders Approve Compensation Plans at Annual Meeting
On May 14, 2024, MasTec Inc. shareholders approved the company's Amended and Restated 2013 Incentive Compensation Plan and the Amended and Restated 2011 Employee Stock Purchase Plan at the 2024 Annual Meeting of Shareholders. The Restated 2013 ICP increases the total number of shares available for issuance by 1,200,000, extending its term to May 14, 2034. The Restated 2011 ESPP increases the total number of shares available for issuance by 1,000,000, extending its term to May 14, 2034.
- Filer
- Mastec Inc. MTZ · NYSE
- Filed
- Accession
- 0001193125-24-141844
- CIK
- 0000015615
- Signal
- Low impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Submission of Matters to a Vote of Security Holders
Financial Statements and Exhibits
Market reaction
Close before filing
$106.45
Next session
+2.3%
Since filing
+147.2%
Latest close
$263.10
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MTZ reporting the same item, with the next session's move:
About Mastec Inc.
Mastec Inc. is a comprehensive infrastructure construction company that operates primarily within the energy and communication sectors. Specializing in the engineering, building, installation, maintenance, and upgrading of infrastructure, Mastec plays a critical role in facilitating the development and functionality of modern energy and communication networks. The company is prominently engaged in activities related to the construction of oil and gas pipelines, electrical transmission systems, renewable energy facilities, and wireless and wireline communication systems. Mastec’s services are essential for utility companies, government agencies, and businesses seeking to expand or maintain their infrastructure capabilities. By providing these key services, Mastec helps to improve the reliability, efficiency, and connectivity of infrastructure networks, underpinning economic growth and technological advancement. This makes Mastec an important player in the ongoing development of essential services and infrastructure in the North American market.
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