UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of
The Securities Exchange
Act of 1934
Date of report (Date of earliest event reported) October 10, 2005
MASTEC, INC.
(Exact Name of Registrant as Specified in Its Charter)
Florida
(State or Other
Jurisdiction of Incorporation)
| 0-08106 | 65-0829355 | |
| (Commission File Number) | (IRS Employer Identification No.) |
800 S. Douglas Road,
12th Floor, Coral Gables, Florida 33134
(Address of Principal
Executive Offices) (Zip Code)
(305) 599-1800
(Registrant’s
Telephone Number, Including Area Code)
N/A
(Former Name or Former
Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| ITEM 5.02 | Departures of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. |
On October 10, 2005 the Board of Directors of MasTec, Inc (the “Company”) elected Ernst N. Csiszar, President and Chief Executive Officer of the Property Casualty Insurers Association of America, to fill a newly created board seat on the Company’s Board of Directors for a term ending on the date of the Company’s next Annual Meeting. A copy of the Company’s press release announcing Mr. Csiszar’s appointment is attached hereto as Exhibit 99.1.
There are no arrangements or understandings between Mr. Csiszar and any other person pursuant to which Mr. Csiszar was elected as a Director, other than the Company’s compensation arrangements and plans for non-employee Directors and the Company’s other policies and procedures which are generally applicable to Directors.
At the time of his election, Mr. Csiszar was not appointed to any committee of the Board of Directors, and there is no current expectation as to which committees Mr. Csiszar might ultimately be appointed to by the Board.
Since the beginning of the Company’s last fiscal year, the Company and its subsidiaries have not engaged in any transactions, and there are no proposed transactions, or series of similar transactions, in which Mr. Csiszar had a direct or indirect material interest.
| ITEM 9.01 | Financial Statements and Exhibits. |
| (a) Financial Statements of Businesses Acquired | Not applicable. | |
| (b) Pro Forma Financial Information | Not applicable. | |
| (c) Exhibits | The following exhibits are filed with this report: |
| Exhibit Number | Description |
|---|---|
| 99.1 | Press Release announcing Ernst N. Csiszar dated October 11, 2005 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, MasTec Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 14, 2005 | MASTEC, INC. BY: /S/ Michael G. Nearing —————————————— Michael G. Nearing General Counsel |
EXHIBIT INDEX
| Exhibit Number | Description |
|---|---|
| 99.1 | Press Release announcing Ernst N. Csiszar dated October 11, 2005 |
Contact:
J. Marc Lewis, Vice President-Investor Relations
305-406-1815
305-406-1886 fax
marc.lewis@mastec.com
For Immediate Release
Ernst N. Csiszar Joins MasTec Board
Coral Gables, FL (October 11, 2005)-- MasTec, Inc. (NYSE: MTZ) today announced that Mr. Ernst N. Csiszar has joined MasTec's Board of Directors.
Mr. Csiszar is president and chief executive officer of the Property Casualty Insurers Association of America, the property and casualty insurance industry’s principal trade association. Mr. Csiszar was previously a two-term Director of Insurance for the State of South Carolina and president of the National Association of Insurance Commissioners. Mr. Csiszar also served as the president and chief executive officer of Seibels Bruce Group, Inc. of Columbia, S.C., from 1995 to 1998. Previously, he was a visiting professor at the School of Business at the University of South Carolina and served as managing co-director of the European investment-banking firm Holborn Holdings Corporation in Geneva, Switzerland.
Mr. Csiszar earned a Bachelor of Arts degree in 1971 and a Bachelor of Laws degree in 1974 from the University of Windsor in Ontario, Canada.
“We are very pleased to have Ernie Csiszar join MasTec’s Board of Directors,” stated Jorge Mas, Chairman of the Board of MasTec. “As a successful businessman and an expert on property and casualty insurance matters, his input to MasTec’s Board and management team will be very beneficial to the Company.”
MasTec <www.mastec.com> is a leading communications, video, data, traffic and public utility infrastructure service provider. The Company designs, builds, installs, maintains, upgrades and monitors internal and external networks for leading companies and government entities.
This press release and any accompanying documents contain forward-looking statements, such as statements regarding MasTec’s future growth and profitability, growth strategy, and anticipated trends in the industries and economies in which MasTec operates. The words “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” “target,” “project” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on MasTec’s current expectations and are subject to a number of risks, uncertainties, and assumptions, including that our revenue and profits may differ from that projected, that we may be further impacted by slowdowns in our clients’ businesses or in the economy in general, that our reserves for receivables may be inadequate and that we may experience increased costs associated with realigning our business or may be unsuccessful in those efforts. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from results expressed or implied in any forward-looking statements made by MasTec in this press release. These and other risks are detailed in this press release and/or documents filed by MasTec with the Securities and Exchange Commission. MasTec does not undertake any obligation to revise these forward-looking statements to reflect future events or circumstances.