Primoris Services Corporation
Primoris Services Corp Approves Compensation Terms for New CEO and COO
Summary
On March 21, 2025, Primoris Services Corp's Board approved compensation terms for Interim President and CEO David King and COO Jeremy Kinch. King's compensation includes an annual base salary of $950,000, RSUs valued at $1,250,000, and a discretionary bonus up to 120% of his salary. Kinch's compensation includes an annual base salary of $600,000, LTIP awards of $1,000,000, and a bonus target of 100% of his salary. These terms are outlined in offer letters and Kinch's existing employment agreement.
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About Primoris Services Corporation
Primoris Services Corporation is a prominent player within the construction and infrastructure sector, primarily serving the North American markets. The company focuses on delivering a broad range of specialized services including engineering, procurement, construction, and maintenance. Its operations span multiple industries such as power, petrochemical, water, and telecommunications, providing essential infrastructure solutions crucial for societal development and economic growth. Primoris plays a vital role in supporting large-scale projects for private and public sector clients, addressing the increasing demand for sustainable and efficient infrastructure. Founded in 1960 and headquartered in Dallas, Texas, the corporation is recognized for its capacity to manage complex construction projects through innovation and strategic execution. In the financial market, Primoris Services Corporation is regarded as a significant entity within the industrial sector, contributing to infrastructure modernization and fostering technological advancements across its platform, thus ensuring reliable service delivery and robust client satisfaction.
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