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 10, 2016

 

MYR GROUP INC.

(Exact name of registrant as specified in its charter)

 

Delaware 1-08325 36-3158643

(State or other jurisdiction

of incorporation)

(Commission

File Number)

 (I.R.S. Employer
Identification No.)
     

1701 Golf Road, Suite 3-1012

Rolling Meadows, IL

   60008
(Address of principal executive offices)   (ZIP Code)
         

 

Registrant’s telephone number, including area code: (847) 290-1891

 

None

(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)

 

x   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))

  

 

 

 

Item 8.01Other Events.

 

On February 10, 2016, MYR Group Inc. (“MYR”) issued a press release announcing that, following a review of MYR’s business and capital allocation, MYR’s Board of Directors (the “Board”) has authorized an increase in the size of its existing share repurchase program from $67.5 million to $142.5 million and has approved new financing strategies to support MYR’s equipment needs. In addition, MYR announced an update regarding the Company’s and the Board’s discussions with Engine Capital, L.P.

 

A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits.

 

99.1MYR Group Inc. Press Release, dated February 10, 2016

 

 

 

 

 

 

 

SIGNATURE

 

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.

 

    MYR GROUP INC.
         
Dated: February 10, 2016 By: /s/ Gerald B. Engen Jr.
      Name: Gerald B. Engen, Jr.
      Title: Senior Vice President, Chief
Legal Officer and Secretary

 

 

 

 

 

 

 

exhibit index

 

Exhibit No.   Description
99.1   MYR Group Inc. Press Release, dated February 10, 2016