8-KLeadership ChangesMaterial AgreementsExhibits & Filings

EMCOR Group, Inc. 8-K Report, Material Agreement (Oct 27, 2014)

Filed October 27, 2014For Securities:EME

Summary

EMCOR Group, Inc. (EME) filed an 8-K on October 27, 2014, primarily announcing the election of Mr. John W. Altmeyer to its Board of Directors. This appointment, effective October 23, 2014, also includes a material definitive agreement concerning compensation for his role as a director. Specifically, Mr. Altmeyer was awarded 4,295 Restricted Stock Units (RSUs) under the Company's Director Award Program.

Key Highlights

  • 1John W. Altmeyer was elected to EMCOR Group's Board of Directors on October 23, 2014.
  • 2Mr. Altmeyer's election is accompanied by a material definitive agreement regarding his compensation.
  • 3He was awarded 4,295 Restricted Stock Units (RSUs) as part of the Company's Director Award Program.
  • 4The RSUs are subject to vesting provisions and will entitle Mr. Altmeyer to receive 4,295 shares of Common Stock on October 23, 2019.
  • 5The Board has not yet assigned Mr. Altmeyer to any specific committees.
  • 6His compensation as a director will follow the Company's established policy for non-employee directors.
  • 7The filing includes the Restricted Stock Unit Agreement (Exhibit 10.1) and a press release (Exhibit 99.1) announcing the director's election.

Frequently Asked Questions

John W. Altmeyer has been elected to the Board of Directors of EMCOR Group, Inc. His appointment is significant as it involves a material definitive agreement concerning his compensation as a director, indicating his formal integration into the company's governance structure.

Mr. Altmeyer has been awarded 4,295 Restricted Stock Units (RSUs) under EMCOR's Director Award Program. These RSUs are set to vest and provide him with 4,295 shares of Common Stock on October 23, 2019. He will also receive compensation in line with the company's standard policy for non-employee directors.

Restricted Stock Units (RSUs) are a form of equity compensation. In this context, the RSUs awarded to Mr. Altmeyer are designed to incentivize and reward his service as a director. They represent a future right to receive company stock, contingent upon meeting specified vesting conditions (in this case, time-based vesting until October 23, 2019).

As of the filing date (October 27, 2014), the Board of Directors had not yet determined which committees Mr. Altmeyer would be appointed to.