Energy News / Shareholders Foundation, Inc.

Tutor Perini Corp (NYSE:TPC) Investor Notice: Lawsuit over Coming Vote on Incentive Plan Filed

Via: ReleaseWire

Updated 11:45 AM CDT, Mon, April 30,2018

A lawsuit was filed by an investor in Tutor Perini Corp (NYSE:TPC) shares and NYSE:TPC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 04/30/2018 -- The Shareholders Foundation announces that an investor in shares of Tutor Perini Corp (NYSE:TPC) filed a lawsuit against an upcoming for on an incentive plan

Investors, who purchased shares of Tutor Perini Corp (NYSE:TPC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On April 13, 2018 Tutor Perini Corp filed the 2018 proxy statement that presented four management proposals.

The plaintiff filed a lawsuit over an upcoming vote on an incentive plan that would allow Tutor Perini Corp to make 2.2 million shares available under the proposal for future grants.

The plaintiff alleges that Tutor Perini Corp failed to provide federally required information to its shareholders ahead of the vote.

Tutor Perini Corp (NYSE:TPC) reported that its annual Total Revenue declined from over $4.97 billion in 2016 to over $4.75 billion in 2017 and that its Net Income increased from $85.82 million in 2016 to $148.38 million in 2017.

Shares of Tutor Perini Corp (NYSE:TPC) declined from $32.70 per share in April 2017 to as low as $20.20 per share in March 2018.

On April 27, 2018, NYSE: TPC shares closed at $21.40 per share.

Those who purchased shares of Tutor Perini Corp (NYSE:TPC), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/tutor-perini-corp-nysetpc-investor-notice-lawsuit-over-coming-vote-on-incentive-plan-filed-970325.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com