Tutor Perini shareholders reject advisory pay vote; approve incentive plan expansion
At the May 15, 2025 annual meeting, shareholders elected all 10 director nominees, ratified Deloitte & Touche LLP as auditor, and approved an amended and restated Omnibus Incentive Plan that adds 2,000,000 shares and extends the plan's term to April 10, 2030. Shareholders did not approve executive pay in the non-binding advisory vote, with 28,316,141 votes against and 12,992,948 for, a result that signals opposition to current executive compensation and that the expanded plan will govern future awards.
Key points
- Advisory vote on named executive officer pay failed: 12,992,948 for, 28,316,141 against, 1,114,264 abstentions.
- Incentive plan approved with 40,675,747 for and 1,634,483 against; it adds 2,000,000 shares and extends the term from April 10, 2028 to April 10, 2030.
- Directors Robert C. Lieber (29,977,868 for, 12,334,057 against) and Dennis D. Oklak (29,036,644 for, 13,375,750 against) received the lowest support among nominees, though both were elected.
- Deloitte & Touche LLP ratified as auditor for 2025 with 46,295,959 for and 694,995 against.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 16, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.