Tutor Perini director Sid Feltenstein to resign from board effective October 30, 2026
Sid Feltenstein, the board designee of Ronald N. Tutor, told Tutor Perini on October 7, 2026 that he will resign from the board effective October 30, 2026. The resignation follows Mr. Tutor's affiliated trusts selling company stock, which dropped his beneficial ownership below the 11.25% threshold needed to keep a designated seat. The company expects the board to shrink in size after his departure.
Key points
- Sid Feltenstein resigns from the Board effective October 30, 2026, notice given October 7, 2026
- Resignation triggered by Ronald N. Tutor's beneficial ownership falling below 11.25% after recent stock sales by affiliated trusts
- Under the 2008 Shareholders Agreement, Mr. Tutor could designate one board member while holding at least 11.25%
- The Board expects to reduce its size following the resignation
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing 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 October 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.