SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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|Item 5.02||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
(d) On October 7, 2019, pursuant to the authority granted to the Board of Directors (the “Board”) of Quanta Services, Inc. (the “Company”) by the Bylaws of the Company, as amended and restated, the Board approved an increase in the size of the Board from nine to ten directors and, upon the recommendation of the Governance and Nominating Committee of the Board, appointed Martha B. Wyrsch to serve as a director, filling the new position. Ms. Wyrsch will serve as a director until the Company’s next annual meeting of stockholders or until her earlier resignation or removal or when a successor is duly elected and qualified. Ms. Wyrsch has not been appointed to any Board committees.
Ms. Wyrsch will be compensated according to the terms of the Company’s current non-employee director compensation program and will enter into the Company’s standard indemnification agreement for directors and officers. A description of the compensation program and the standard indemnification agreement are set forth in the Company’s definitive proxy statement for the 2019 annual meeting of stockholders, which was filed with the Securities and Exchange Commission on April 12, 2019. There are no arrangements or understandings between Ms. Wyrsch and any other person pursuant to which she was appointed as a director.
Ms. Wyrsch previously served as Executive Vice President and General Counsel of Sempra Energy from September 2013 until March 2019. Sempra Energy, primarily through certain of its operating subsidiaries, is a customer of the Company and accounted for approximately $154 million, or 1.4%, of the Company’s consolidated revenues for the fiscal year ended December 31, 2018 and approximately $72 million, or 1.3%, of Quanta’s consolidated revenues for the six months ended June 30, 2019. Other than the foregoing, there are no transactions in which Ms. Wyrsch has an interest that require disclosure under Item 404(a) of Regulation S-K.
|Item 7.01||Regulation FD Disclosure.|
On October 9, 2019, the Company issued a press release announcing the appointment of Ms. Wyrsch as a director of the Board. A copy of the press release is furnished herewith as Exhibit 99.1.
The information furnished in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
|Item 9.01||Financial Statements and Exhibits.|
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 11, 2019
Quanta Services, Inc.
Donald C. Wayne
Executive Vice President and General Counsel