SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 15, 2019
Infrastructure and Energy Alternatives, Inc.
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction
(Commission File Number)
6325 Digital Way
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code: (765) 828-2580
(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 (see General Instruction A.2. below):
¨ 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))
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 x
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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 15, 2019, the Company appointed Michael Stoecker as its Chief Operating Officer for an initial three-year term. Mr. Stoecker, age 55, brings extensive experience in petro-chemical, tunnel, mining, heavy civil, commercial, environmental and power delivery sectors where he has spent the last 11 years serving in various executive roles for Kenny Construction Company, a wholly owned subsidiary of Granite Construction Incorporates (NYSE:GVA); he served as President the last four years. Mr. Stoecker graduated from Iowa State University with a B.S. degree in Construction Engineering and has a J.D. degree from Saint Louis University. He does not have a family relationship with any member of the Company's board of directors or any executive officer of the Company. The Company and Mr. Stoecker intend to execute an employment agreement to address Mr. Stoecker's benefits and compensation at a later date.
Item 9.01 Financial Statements and Exhibits
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.
Dated: April 16, 2019
INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC.
/s/ Andrew D. Layman
Name: Andrew D. Layman
Title: Chief Financial Officer
INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. APPOINTS VETERAN INDUSTRY LEADER MICHAEL STOECKER AS CHIEF OPERATING OFFICER
Indianapolis, IN - April 16, 2019 - Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced the appointment of Michael Stoecker as the Company’s first Chief Operating Officer, effective April 15, 2019.
Mr. Stoecker will bring nearly 35 years of construction industry leadership and operations experience to IEA. His responsibilities will include the oversight of the Company’s ongoing construction opportunities and the integration of its acquisitions.
Mr. Stoecker’s appointment helps strengthen IEA’s executive management team following a transformational year in 2018, during which the company became a much larger and more diversified engineering and construction services company. With the acquisitions of American Civil Constructors, Saiia, William Charles Construction and Ragnar Benson Construction, IEA gained licenses to operate across all 50 states and grew its workforce to more
than 2,600 employees.
“Given our substantially greater scale, broader geographic reach and more extensive pipeline of new business opportunities, appointing a COO is a timely and strategic next step in executing our growth strategy,” said JP Roehm, IEA’s Chief Executive Officer. “We conducted an extensive search for a proven leader and industry expert who would embrace our culture and could make an immediate positive impact. I’m confident Mike will do just that. I look forward to working with Mike as we profitably grow IEA.”
Mr. Stoecker’s experience spans the petro-chemical, tunnel, mining, heavy civil, commercial, environmental and power delivery sectors. He spent the past 11 years serving in various executive roles for Kenny Construction Company, a wholly owned subsidiary of Granite Construction Incorporated (NYSE:GVA); he served as President the last four years. Prior to Kenny Construction, he spent seven years in various operations and executive roles with Alberici Group, Inc., where his responsibilities included executive oversight of four subsidiaries.
Mr. Stoecker graduated from Iowa State University with a B.S. degree in Construction Engineering and has a J.D. degree from Saint Louis University.
IEA is a leading infrastructure construction company with specialized energy and heavy civil expertise. Headquartered in Indianapolis, Indiana, with operations throughout the country, IEA’s service offering spans the entire construction process. The company offers a full spectrum of delivery models including full engineering, procurement, and construction, turnkey, design-build, balance of plant, and subcontracting services. IEA is one of three Tier 1 wind energy contractors in the United States and has completed more than 200 wind and solar projects across North America. In the heavy civil space, IEA offers a number of specialty services including environmental remediation, industrial maintenance, specialty transportation infrastructure and other site development for public and private projects. For more information, please visit IEA’s website at www.iea.net or follow IEA on Facebook, LinkedIn and Twitter for the latest company news and events.
Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipate,” “expect,” “could,” “may,” “intend,” “plan” and “believe,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ
materially from actual future events or results. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release. For a full description of the risks and uncertainties which could cause actual results to differ from our forward-looking statements, please refer to IEA’s periodic filings with the Securities & Exchange Commission including those described as “Risk Factors” in IEA’s 10-K filed on March 14, 2019. IEA does not undertake any obligation to update forward-looking statements whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Financial Profiles, Inc.
Larry Clark, Senior Vice President