FLUOR CORPORATION - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Fluor Corporation on February 4, 2016. The report discloses a specific corporate governance event regarding the appointment of a senior officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive compensation and appointment details.
Material Changes and Executive Appointment
On February 4, 2016, the Board of Directors appointed Mr. Robin K. Chopra as Senior Vice President and Controller, effective March 1, 2016. In this capacity, Mr. Chopra will serve as the Corporation's principal accounting officer. He has been with the company since 1991 and previously served as Vice President and Controller for Commercial Operations and the Asia Pacific region, as well as Vice President of Internal Audit.
Compensation and Outlook
Mr. Chopra's compensation package for 2016 includes:
- Annual base salary: $400,000
- Annual incentive program target: 55% of base salary
- Long-term incentive program awards: $390,000 (valued on grant date)
The filing does not contain guidance, outlook, risk factors, or contingencies beyond the standard disclosure of the appointment.
Investor Verification Checklist
- Verify the effective date of Mr. Chopra's new role (March 1, 2016).
- Review the definitive proxy statement dated March 9, 2015, for broader executive compensation program details.
- Check the Form 8-K filed on February 9, 2016, for further details on the executive compensation program.