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United States

Primoris Services Corp (PRIM.O)

PRIM.O on Nasdaq

24.84USD
23 Feb 2017
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Summary

Name Age Since Current Position

Brian Pratt

64 2015 Chairman of the Board

David King

63 2015 President, Chief Executive Officer, Director

Peter Moerbeek

68 2009 Chief Financial Officer, Executive Vice President, Director

Thomas McCormick

54 2016 Chief Operating Officer

John Perisich

51 2016 Executive Vice President, General Counsel

Stephen Cook

66 2010 Lead Independent Director

Peter Brown

72 2009 Independent Director

John Schauerman

57 2016 Independent Director

Robert Tintsman

69 2009 Independent Director

Thomas Tucker

73 2008 Independent Director

Biographies

Name Description

Brian Pratt

Mr. Brian Pratt is Chairman of the Board of the Company. He has been a Director and Chairman since July 2008. He served as President and Chief Executive Officer from July 2008 through July 31, 2015. He also holds the non-employee position of Senior Strategic Advisor. Since 1983, he served as the President, Chief Executive Officer and Chairman of the Board of Primoris and its predecessor, ARB, Inc., a California corporation. Prior to July 2008, Mr. Pratt was the majority owner of Primoris. Mr. Pratt has over 35 years of hands-on operations and management experience in the construction industry. Mr. Pratt completed four years of courses in Civil Engineering at California Polytechnic College in Pomona, California. Mr. Pratt has an intimate knowledge of company business, employees, culture, competitors and the effect on company business of various government policies. We believe that his long history and experience with Primoris, his significant ownership position in the Company and his in-depth knowledge of the construction industry demonstrate that Mr. Pratt is well qualified to serve on the Board.

David King

Mr. David L. King is President, Chief Executive Officer, Director of the Company., since August 1, 2015. Mr. King directs strategy, establishes goals and oversees company operation. Prior to that, Mr. King was Executive Vice President, Chief Operating Officer since March 2014. Prior to joining Primoris, Mr. King spent several years at CB&I, most recently as President of Lummus Engineered Products. From 2010 to 2013 he was President of CB&I Project Engineering & Construction based in The Hague, Netherlands responsible for P&L operations worldwide. From 2009 to 2010 he was Group Vice President for Downstream Operations for CB&I Lummus located in The Woodlands, Texas. Mr. King also managed and helped establish the Global Services Group for CB&I in 2008 to 2009. He has extensive EPF&C industry experience in energy-related projects, LNG, offshore, pipelines, refining, petrochemicals, gas processing, oil sands, synthesis gas and gas-to-liquids. Mr. King received his bachelor’s degree in Mechanical Engineering from Texas Tech University, an MBA from the University of Texas, Tyler, and an Advanced Executive Management Degree from Insead University in Fontainebleau, France.

Peter Moerbeek

Mr. Peter J. Moerbeek serves as Chief Financial Officer, Executive Vice President, Director of Primoris Services Corporation. He has served as one of our Directors since July 2008. Previously, he served as Chief Executive Officer of a private-equity funded company engaged in the acquisition and operation of water and wastewater utilities. As a founder of the company from June 2006 to February 2007, he was involved in raising equity capital for the company. From August 1995 to June 2006, Mr. Moerbeek held several positions with publicly traded Southwest Water Company, including a Director from 2001 to 2006; President and Chief Operating Officer from 2004 to 2006; President of the Services Group from 1997 to 2006; Secretary from 1995 to 2004; and Chief Financial Officer from 1995 to 2002. From 1989 to 2005, Mr. Moerbeek was the Chief Financial and Operations Officer for publicly-traded Pico Products, Inc. Mr. Moerbeek received a B.S. in Electrical Engineering in 1969 and a MBA in 1971 from the University of Washington.

Thomas McCormick

Mr. Thomas E. McCormick is Chief Operating Officer of the Company. He has extensive Engineering & Construction industry experience in projects for many energy-related end markets, including pipelines, refining, petrochemicals, gas processing, LNG, oil sands and industrial gases. He comes to Primoris from a large, publicly traded E&C company where he held a variety of executive positions. Since February 2007, he has served as President for Oil & Gas, Senior Vice President — Gas Processing & Oil Sands, Global Vice President — Downstream Operations, and Vice President Operations. Prior to 2007, Mr. McCormick worked for more than 17 years at BE&K Engineering on a variety of heavy civil projects. Mr. McCormick has a Bachelor of Science degree in Civil Engineering from Florida State University and an Advanced Executive Management Degree from Insead University in Fontainebleau, France.

John Perisich

Mr. John M. Perisich serves as Executive Vice President, General Counsel of Primoris Services Corporation. He previously served as Senior Vice President and General Counsel from February 2006 and prior to that, was Vice President and General Counsel of Primoris. Mr. Perisich joined ARB in 1995. Prior to joining ARB, Mr. Perisich practiced law at Klein, Wegis, a full service law firm based in Bakersfield, California. He received a B.A. degree from UCLA in 1987, and a J.D. from the University of Santa Clara in 1991.

Stephen Cook

Mr. Stephen C. Cook serves as Lead Independent Director of Primoris Services Corporation. He has served as one of the Directors since July 2008 and in May 2010 was appointed by the Board as Lead Director of the Company. Since 1990 he has served as President and principal stockholder of Fieldstone Partners, a Houston, Texas-based investment banking firm, focused primarily on corporate merger and acquisition advisory services. He has over 30 years of experience in the investment banking business, including 10 years with Rotan Mosle, Inc., a Texas-based regional investment firm and underwriter where he served as co-head of the corporate finance department and as a director of the firm. Mr. Cook received an A.B. in Economics from Princeton University and an MBA from Harvard Business School.

Peter Brown

Mr. Peter Cummins Brown, CPA, serves as an Independent Director of Primoris Services Corporation. He has served from 1974 to 2005 as President at Brown Armstrong Accountancy Corporation, a regional provider of tax, audit, consulting and business services headquartered in Bakersfield, California and is a retired partner. Mr. Brown received a B.S. in Accounting from the University of Arizona. He is a member of the American Institute of Certified Public Accountants, the California Society of Certified Public Accountants and the Colorado Society of Certified Public Accountants.

John Schauerman

Mr. John P. Schauerman has been appointed as Independent Director of the Company effective November 15, 2016. Mr. Schauerman was a board member and executive officer of Primoris from July 2008, when Primoris became a publicly listed company through a merger with Rhapsody Acquisition Corp., to May 2013. His executive positions included Executive Vice President of Corporate Development from February 2009 to May 2013, when he was responsible for developing and integrating Primoris' overall strategic plan, including the evaluation and structuring of new business opportunities and acquisitions and Chief Financial Officer from February 2008 to February 2009. He also served as a director of ARB, Inc. ("ARB") a predecessor entity from 1993, when he joined ARB as a Senior Vice President, to July 2008. Prior to 1993, he served as a Senior Vice President of Wedbush Morgan Securities, Inc., a regional investment bank focused on financing activities for middle market companies (now Wedbush Securities, Inc.). Mr. Schauerman currently serves on the boards of directors of MYR Group, since March 2016; Harmony Merger Corp. since March 2015; and Wedbush Securities, Inc. since August 2014. Mr. Schauerman is also a member of the Dean's Executive Board of the UCLA School of Engineering. Mr. Schauerman holds an M.B.A. in Finance from Columbia University, New York, and a B.S. in Electrical Engineering from UCLA.

Robert Tintsman

Mr. Robert A. Tintsman serves as an Independent Director of Primoris Services Corporation. He was appointed a Director on December 18, 2009. Mr. Tinstman was the former president of Tinstman and Associates, LLC. From 1974 to 1999, Mr. Tinstman was employed by Morrison Knudsen and served as its President/Chief Executive Officer for the period 1995 to 1999. Mr. Tinstman was the Executive Chairman of James Construction Group from 2002 to 2007. Mr. Tinstman is a registered Professional Engineer in the state of Idaho. He graduated from University of Wisconsin, Platteville, with a B.S., Mining Engineering in 1968.

Thomas Tucker

Mr. Thomas E. Tucker serves as an Independent Director of Primoris Services Corporation. He is currently Chairman of Pennhill Land Company, a real estate development and investment company, where he has worked since he founded the company in 1983. He served as a board member of RSI Holding Corporation, a privately held national manufacturer of cabinets for homes, from 2002 to November 2008. Prior to that, he served as an advisory board member of ORCO Block Company, a Southern California manufacturer of block products, and Gemini Investors, a Boston based Investment Capital firm. Mr. Tucker also serves as a board member of the Segerstrom Center for the Arts in Orange County, California. Mr. Tucker received a B.S. in Business from the University of Southern California.

Basic Compensation

Name Fiscal Year Total

Brian Pratt

906,733

David King

1,170,460

Peter Moerbeek

863,613

Thomas McCormick

--

John Perisich

759,438

Stephen Cook

178,334

Peter Brown

183,334

John Schauerman

244,699

Robert Tintsman

178,334

Thomas Tucker

178,334
As Of  30 Dec 2015