UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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. |
On March 31, 2023, MasTec, Inc. (the “Company”) entered into an amended and restated employment agreement with George Pita (the “Pita Agreement”), which is effective as of April 1, 2023 (the “Effective Date”), relating to Mr. Pita’s continued provision of services to the Company following his previously reported retirement from his position as the Company’s Executive Vice President and Chief Financial Officer. The Pita Agreement amended and restated in its entirety Mr. Pita’s previous agreement with the Company, dated January 23, 2014, as amended on March 31, 2014 (the “Prior Agreement”). The Pita Agreement provides that Mr. Pita will be paid an annual base salary of $400,000 but that he will not be entitled to participate in the Company’s bonus plan for senior management, receive equity awards, nor be eligible for an annual performance bonus. All currently outstanding equity awards granted to Mr. Pita will continue to be subject to the terms and conditions set forth under the applicable award documents and the Company’s equity incentive plans, as in effect and as they may be amended from time to time. The Pita Agreement also contains confidentiality, non-competition and non-solicitation provisions, which are substantially identical to those contained in the Prior Agreement, except that the non- competition and non-solicitation provisions have been extended to the later of one year following Mr. Pita’s employment termination date and March 10, 2026.
The foregoing description of the Pita Agreement is only a summary and is qualified in its entirety by reference to the full text of the Pita Agreement, which will be filed as an exhibit to the Company’s next quarterly report on Form 10-Q.
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SIGNATURES
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.
| MASTEC, INC. | ||||||
| Date: March 31, 2023 | By: | /s/ Alberto de Cardenas | ||||
| Alberto de Cardenas | ||||||
| Executive Vice President, General Counsel and Secretary | ||||||
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