Current Report Filing (8-k)
February 22 2022 - 4:47PM
Edgar (US Regulatory)
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2022-02-22
2022-02-22
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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):
February 22, 2022
TETRA TECH, INC.
(Exact name of registrant as specified in
its charter)
Delaware |
|
0-19655 |
|
95-4148514 |
(State or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification Number) |
3475 East Foothill Boulevard, Pasadena,
California 91107
(Address of principal executive office,
including zip code)
(626) 351-4664
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed
since last report)
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-4(c))
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, $0.01 par value |
|
TTEK |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company 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.
¨
| Item 5.02. | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. |
On February 22, 2022, Tetra
Tech, Inc. (the “Company”) announced that Prashant Gandhi has been appointed to the Board of Directors of the Company (the
“Board”), effective May 1, 2022, to serve until the next Annual Meeting of Stockholders or until his successor has been duly
chosen and qualified. Mr. Gandhi will fill a newly-created vacancy on the Board, and the Board will consists of eight members,
including Mr. Gandhi, at that time. He will serve as a member of the Compensation Committee and Nominating and Corporate Governance
Committee.
Mr. Gandhi has served
as the Chief Business Officer of Melio Payments since 2021. Prior to that, he was Managing Director at JP Morgan Chase, overseeing the
digital systems and management of all money movement products used by retail and small business customers, from 2017 to 2021. From 2000
to 2016, Mr. Gandhi served as a Partner and then Chief Operating Officer of the Digital Practice at McKinsey & Company. He is currently
a member of the Advisory Board at University of Minnesota’s School of Information & Decision Sciences. Mr. Gandhi received his
MBA in Finance and Entrepreneurship at the University of Chicago’s Booth School of Business. His technical degrees are in Chemical
Engineering, with a Bachelor’s degree from the Indian Institute of Technology Delhi, and a Master of Science degree from Kansas
State University.
Mr. Gandhi will receive compensation
for his service as a non-employee director in accordance with the Company’s non-employee director compensation program. Under this
program, Mr. Gandhi will receive (1) an annual retainer of $100,000, pro-rated for that portion of the 2022 fiscal year during which he
serves as a director of the Company; (2) $2,000 for each meeting attended, when the number of Board meetings during the year has exceeded
eight; and (3) an annual long-term equity award with a grant date fair value of $150,000, consisting sixty percent of performance stock
units and forty percent of restricted stock units, each pro-rated for the portion of time that he is expected to serve as a director of
the Company before the next annual award.
On February 22, 2022, the
Company issued a press release announcing the matter described in Item 5.02. A copy of the press release is attached as Exhibit 99.1 and
is incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
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
hereunto duly authorized.
|
TETRA TECH, INC. |
|
|
|
Date: February 22, 2022 |
By: |
/s/ Dan L. Batrack |
|
|
Dan L. Batrack |
|
|
Chairman and Chief Executive Officer |
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