BLACK HILLS CORPORATION (NYSE:TPC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements for Certain Officers
Control Agreements (Agreements) with each of its senior executive
officers, David R. Emery, Linden R. Evans, Richard W. Kinzley,
Brian G. Iverson, Robert A. Myers and Scott A. Buchholz. The new
Agreements replace the Change in Control Agreements dated
November 15, 2013, that expired on November 15, 2016. The new
Agreements are substantially the same as the prior agreements
with a new three-year term expiring November 15, 2019.
Chief Executive Officer, provides for a payment equal to 2.99
times the officers base salary and annual incentive target if
there is a Change in Control. The Agreement entered into with
each of the other senior executive officers provides for a
payment equal to two (2) times the officers base salary plus
annual incentive target if there is a Change in Control. The
specific benefits and the definition of a Change in Control are
fully described in the form of Agreements. Mr. Emerys Agreement
is attached as exhibit 10.1 and the form of Agreement for the
other senior executive officers is attached as Exhibit 10.2 to
this Current Report on Form 8-K are incorporated herein by
reference.
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(a)
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Exhibits
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10.1
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Change in Control Agreement dated November 15, 2016
between Black Hills Corporation and David R. Emery |
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10.2
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Form of Change in Control Agreement dated November 15,
2016 between Black Hills Corporation and its Non-CEO Senior Executive Officers |
About BLACK HILLS CORPORATION (NYSE:TPC)
Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure. The civil contracting services include construction and rehabilitation of highways, bridges and mass-transit systems. The Building segment provides services to a range of building markets for private and public works customers, including the residential, hospitality and gaming, transportation, healthcare, commercial and government offices, education, biotech, pharmaceutical and industrial markets. The Specialty Contractors segment specializes in electrical, mechanical, plumbing and fire protection systems. It also offers a range of civil and building construction projects in the industrial and commercial markets. BLACK HILLS CORPORATION (NYSE:TPC) Recent Trading Information
BLACK HILLS CORPORATION (NYSE:TPC) closed its last trading session down -2.60 at 26.20 with 1,982,612 shares trading hands.
