THE GOLDFIELD CORPORATION (NYSEMKT:GV) 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 of Certain Officers.
appointed Greg Crutchfield, as President of Power Corporation of
America (PCA)>and Southeast Power Corporation, effective
January 1, 2017. Mr. Crutchfield joined PCA as Executive Vice
President earlier in 2016 and succeeds Robert L. Jones. Mr. Jones
was previously appointed interim President of PCA and Southeast
Power in June of 2016 and will continue as Vice President of PCA,
effective January 1, 2017. See Item 7.01 below.
will have the opportunity to earn a bonus award, which will be
calculated as 2.0% of the pre-tax earnings of PCA, subject to
adjustment for certain specified items, and will not be dependent
upon any other factors.
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Item 7.01
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Other Events.
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electrical construction executive promotions, including the
appointment of Greg Crutchfield as President of PCA and Southeast
Power. A copy of the press release is attached hereto and
incorporated by reference herein as Exhibit 99.1.
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Item 9.01
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Financial Statements and Exhibits.>>
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Exhibit
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Description of Exhibit
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99.1.
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Press release, dated January 3, 2017, announcing electrical
construction executive promotions. |
About THE GOLDFIELD CORPORATION (NYSEMKT:GV)
The Goldfield Corporation (Goldfield) is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The Company serves customers in the Southeast and mid-Atlantic regions of the United States, including Texas. It operates through electrical construction segment. The Company’s electrical construction business includes the construction of transmission lines, concrete foundations, distribution systems, fiber optic splicing, substations and other electrical services. Through the Company’s subsidiaries, Power Corporation of America (PCA), Southeast Power Corporation (Southeast Power), and C and C Power Line, Inc. (C&C), the Company is engaged in the construction and maintenance of electric utility facilities for electric utilities and industrial customers. THE GOLDFIELD CORPORATION (NYSEMKT:GV) Recent Trading Information
THE GOLDFIELD CORPORATION (NYSEMKT:GV) closed its last trading session up +0.05 at 5.70 with 1,603,604 shares trading hands.
