Orion Marine Group, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Orion Marine Group, Inc. on August 19, 2014, reporting events occurring on August 14 and August 18, 2014. The filing addresses executive leadership changes within the company.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to executive compensation.
Material Changes
The primary material change reported is the appointment of James L. Rose to the position of Executive Vice President and Chief Operating Officer, effective August 14, 2014. Mr. Rose, who has been with the company since 2005, was previously serving as Executive Vice President - Operations.
Management Commentary and Compensation
Contemporaneous with his promotion, Mr. Rose's annual base salary was set at $400,000. He also receives a car allowance of $1,050 per month and remains eligible for bonus and compensatory plans as determined by the Compensation Committee. His existing employment agreement remains in effect.
Key Facts for Investor Verification
- James L. Rose was appointed Executive Vice President and Chief Operating Officer on August 14, 2014.
- Mr. Rose's new annual base salary is $400,000.
- Mr. Rose has over 27 years of industry experience and has been with Orion Marine Group since 2005.
- The filing contains no financial results or guidance for the reporting period.