Form 8-K - Current report

0000067215false00000672152024-11-302024-11-30

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): November 30, 2024

DYCOM INDUSTRIES, INC.

(Exact name of Registrant as specified in its charter)

Florida

001-10613

59-1277135

(State or other jurisdiction of incorporation)

(Commission file number)

(I.R.S. employer identification no.)

11780 U.S. Highway One, Suite 600

Palm Beach Gardens,

FL

33408

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: [phone]

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-4c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common stock, par value $0.33 1/3 per share

DY

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐    Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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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.

As previously disclosed, effective November 30, 2024, Daniel S. Peyovich, 49, succeeded Steven E. Nielsen as the Chief Executive Officer of Dycom Industries, Inc. (the “Company”), following Mr. Nielsen’s retirement as the Company’s Chief Executive Officer and Chair of the Board of Directors (the “Board”). Mr. Peyovich previously served as the Company’s Executive Vice President and Chief Operating Officer since January 2021 and has served as the Company’s President since June 2024. Also as previously disclosed, Richard K. Sykes, a member of the Board since 2018, succeeded Mr. Nielsen as the Company’s Chair of the Board effective on November 30, 2024. On November 30, 2024, the Company announced the election of Mr. Peyovich to its Board effective immediately.

Prior to joining the Company, Mr. Peyovich was employed from 2014 to 2021 as the President of the Northwest Division for Balfour Beatty Construction (“Balfour Beatty”), a leading international infrastructure group engaged in the development, building and maintenance of complex infrastructure, such as transportation, power and utility systems and commercial buildings. Mr. Peyovich also served in multiple leadership roles for 21 years at Balfour Beatty, including as the President of the Washington State Division from 2012 to 2014. Mr. Peyovich holds a bachelor’s degree in construction management from the University of Washington.

Mr. Peyovich’s election to the Board is for a term extending until the Company’s Annual Meeting of Shareholders in calendar year 2025. Mr. Peyovich will not receive any additional compensation for serving as a member of the Board. Mr. Peyovich entered into an employment agreement with the Company as President and Chief Executive Officer, as disclosed in the Company’s current report on Form 8-K, dated June 17, 2024. Mr. Peyovich has also been appointed to the Executive Committee of the Board.

Mr. Peyovich is not a party to any arrangement or understanding regarding his election as a director. Mr. Peyovich is not a party to any transaction with the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K and does not have any family relationship with any of the Company’s executive officers or directors.

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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 thereunto duly authorized.

 

 

Dated: December 2, 2024

DYCOM INDUSTRIES, INC. (Registrant)
By:			/s/ Ryan F. Urness
Name:			Ryan F. Urness
Title:			Vice President, General Counsel and Corporate Secretary

Document and Entity Information Document	Nov. 30, 2024
Document and Entity Information [Abstract]
Entity Central Index Key	0000067215
Title of 12(b) Security	Common stock, par value $0.33 1/3 per share
Entity Registrant Name	DYCOM INDUSTRIES, INC.
Entity Incorporation, State or Country Code	FL
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Document Type	8-K
Document Period End Date	Nov. 30, 2024
City Area Code	561
Local Phone Number	627-7171
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Entity File Number	001-10613
Entity Tax Identification Number	59-1277135
Entity Address, Address Line One	11780 U.S. Highway One, Suite 600
Entity Address, City or Town	Palm Beach Gardens,
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33408
Trading Symbol	DY
Security Exchange Name	NYSE
Amendment Flag	false

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