Tutor Perini Corporation Adopts Deferred Compensation Plan and Reports 2026 Annual Meeting Results

Tutor Perini Corporation filed an 8-K on May 20, 2026, reporting two key developments. First, the Compensation Committee approved a new Deferred Compensation Plan allowing eligible employees, including named executive officers, to defer cash compensation including salaries, bonuses, and stock units. The plan is designed to comply with ERISA and Section 409A requirements, with distributions available under various scenarios including separation from service, retirement, death, or unforeseeable emergencies. Second, the company reported results from its 2026 Annual Meeting of Shareholders. All ten director nominees were elected, with Ronald N. Tutor receiving the most votes against (917,257). Shareholders ratified the appointment of Deloitte & Touche LLP as independent auditors for 2026 and approved, on an advisory basis, the compensation of named executive officers. The deferred compensation plan will be filed as an exhibit to the company's Q2 2026 10-Q report.