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AI English summary of an SEC filing — figures as filed

Comfort Systems USA logoComfort Systems USA FIX

The company said its board appointed Gaurav Kapoor as a director effective August 1, 2024, based on the recommendation of the Nominating, Governance and Sustainability Committee, and that the appointment was made on July 16, 2024. He will also join the Audit Committee effective on the same date.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its board appointed Gaurav Kapoor as a director effective August 1, 2024, based on the recommendation of the Nominating, Governance and Sustainability Committee, and that the appointment was made on July 16, 2024. He will also join the Audit Committee effective on the same date.

  2. The company said Kapoor will be paid in the same way as its other non-employee directors. The package consists of an annual retainer of $80,000, additional fees for serving as a committee chair or Board chair, and an annual award of fully vested common stock with a maximum grant-date fair market value of $160,000.

  3. The company said Kapoor will enter into its standard director indemnification agreement. It also said there are no arrangements or understandings tied to his appointment and that he is not a party to any transaction reportable under Item 404(a) of Regulation S-K.

  4. The company said in a press release dated July 19, 2024 that Kapoor, 46, is Chief Financial & Operations Officer at AECOM. It said he spent 15 years at Ernst & Young LLP before joining AECOM in May 2015, where he served as an audit partner.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Gaurav Kapoor Appointed to Board

The company said its board appointed Gaurav Kapoor as a director effective August 1, 2024, based on the recommendation of the Nominating, Governance and Sustainability Committee, and that the appointment was made on July 16, 2024. He will also join the Audit Committee effective on the same date.

Source · Based on the filing body and exhibits

Non-Employee Director Compensation

The company said Kapoor will be paid in the same way as its other non-employee directors. The package consists of an annual retainer of $80,000, additional fees for serving as a committee chair or Board chair, and an annual award of fully vested common stock with a maximum grant-date fair market value of $160,000.

Source · Based on the filing body and exhibits

Appointment Arrangements and Transaction Disclosure

The company said Kapoor will enter into its standard director indemnification agreement. It also said there are no arrangements or understandings tied to his appointment and that he is not a party to any transaction reportable under Item 404(a) of Regulation S-K.

Source · Based on the filing body and exhibits

Kapoor's Background and Press Release

The company said in a press release dated July 19, 2024 that Kapoor, 46, is Chief Financial & Operations Officer at AECOM. It said he spent 15 years at Ernst & Young LLP before joining AECOM in May 2015, where he served as an audit partner.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.