Summary
Quanta Services, Inc. (PWR) announced a change to its Board of Directors through an 8-K filing on July 14, 2021. The Board has been expanded from nine to ten members with the election of Holli C. Ladhani, effective July 13, 2021. Ms. Ladhani will serve as a director until the next annual meeting of stockholders. Her appointment is intended to strengthen the board's governance and strategic oversight.
Key Highlights
- 1Board Size Increased: The company expanded its Board of Directors from nine to ten members.
- 2New Director Appointed: Holli C. Ladhani was elected as a new director.
- 3Director's Tenure: Ms. Ladhani will serve until the company's next annual meeting of stockholders.
- 4No Committee Appointments: Ms. Ladhani has not yet been appointed to any board committees.
- 5Standard Compensation: She will be compensated under the company's existing non-employee director compensation program.
- 6Standard Indemnification: Ms. Ladhani will enter into the company's standard indemnification agreement for directors.
- 7No Conflicts or Special Arrangements: There are no undisclosed arrangements or transactions requiring disclosure under Item 404(a) of Regulation S-K related to her appointment.