Primoris Services (PRIM) Proxy filing summary

Executive summary

• Achieved record revenue ($7.6B), net income ($274.9M, up 52%), and backlog ($11.9B) in 2025, with strong cash flow and reduced long-term debt by nearly $330M.

• Utilities and Energy segments saw double-digit revenue growth, driven by renewables and power delivery demand.

• Safety performance remained strong, with a TRIR of 0.53, well below industry average.

• Board transitions included the retirement of a long-serving director and appointment of a new CEO.

Voting matters and shareholder proposals

• Shareholders will vote on: election of eight directors, advisory approval of executive compensation, and ratification of Baker Tilly US, LLP as independent auditor.

• Board recommends voting FOR all proposals.

• Proposals for the 2027 annual meeting must be submitted by November 20, 2026.

Board of directors and corporate governance

• Board consists of 88% independent directors, with an average tenure of 5.1 years and 75% diversity.

• Separate Chairman and CEO roles reinstated in November 2025.

• All committees are chaired by independent directors; annual board and committee evaluations are conducted.

• No poison pill, anti-hedging policy in place, and stock ownership guidelines for directors and officers.