ORION GROUP HOLDINGS, INC. (NYSE:ORN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective June 5, 2018, Orion Group Holdings, Inc. (“the Company”) along with Mark R. Stauffer, President, Chief Executive Officer, Peter R. Buchler, Executive Vice President, Chief Administrative Officer and General Counsel of the Company, and Christopher J. DeAlmeida, Executive Vice President and Chief Financial Officer of the Company entered into an amendment (the “Amendment”) to the employment agreement (the “Agreement”) between the Company, which was originally effective on January 1, 2015. The amendments include the following material provisions for each named executive officer:
Mark R. Stauffer
The Second Amendment added a provision for the issuance and delivery by the Company of a written notice of non-renewal of the Agreement, provides for automatic renewal in the absence of such notice, and changes the Term of the Agreement to one year, but contained no other material changes.
Peter R. Buchler
The Second Amendment added a provision for the issuance and delivery by the Company of a written notice of non-renewal of the Agreement, provides for automatic renewal in the absence of such notice, and changes the Term of the Agreement to one year, but contained no other material changes.
Christopher J. DeAlmeida
The Third Amendment added a provision for the issuance and delivery by the Company of a written notice of non-renewal of the Agreement, provides for automatic renewal in the absence of such notice, and changes the Term of the Agreement to one year, but contained no other material changes.
The foregoing descriptions of the Amendments are summaries only and are qualified in their entirety by reference to the terms of the respective documents, which are filed as exhibits to, and incorporated by reference into, this Form 8-K.
Orion Group Holdings Inc ExhibitEX-10.1 2 a101staufferemploymentag….To view the full exhibit click here
About ORION GROUP HOLDINGS, INC. (NYSE:ORN)
Orion Group Holdings, Inc., formerly Orion Marine Group, Inc., is engaged in the heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers. Its heavy civil marine construction and project management services include new construction, dredging, repair and maintenance, and other related specialty services. The Company provides its heavy civil marine construction services on, over and under the water in the continental United States, Alaska, Canada and the Caribbean Basin. It provides heavy civil marine construction services through projects that are obtained primarily through a competitive bid or contract process.
