ITEM 5.04 Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans.
On August 22, 2025, MasTec, Inc. (the “Company”) received the notification described under Section 101(i)(2)(E) of the Employment Retirement Income Security Act of 1974 regarding a blackout period for the MasTec, Inc. 401(k) Retirement Plan (the “401(k) plan”). The 401(k) plan is transitioning recordkeeper services from Bank of America/Merrill Lynch to Schwab Retirement Plan Services, Inc., effective October 1, 2025. As a result of this transition, there will be a blackout period (the “Blackout Period”) during which 401(k) plan participants and beneficiaries will be temporarily unable to obtain a loan or a distribution from the 401(k) plan, contribute rollovers or submit loan checks, change existing investment elections or contribution rates or request a fund transfer, including with respect to shares of common stock, $0.10 par value per share, of the Company (“MasTec Common Stock”), as applicable. The Blackout Period is expected to begin at 4:00 pm Eastern Time on Monday, September 22, 2025 and end during the week of October 19, 2025.
On August 26, 2025, the Company sent a notice (the “Blackout Notice”) to its directors and executive officers pursuant to Section 306(a) of the Sarbanes-Oxley Act of 2002 and Section 104 of Regulation BTR under the Securities Exchange Act of 1934, as amended. The Blackout Notice informed directors and executive officers that during the Blackout Period, they will be prohibited from, directly or indirectly purchasing, selling or otherwise acquiring or transferring any MasTec Common Stock acquired in connection with their service or employment as a director or executive officer of the Company.
A copy of the Blackout Notice is attached as Exhibit 99.1. During the Blackout Period and for a period of two years after the ending date of the Blackout Period, shareholders or other interested parties may obtain, without charge, information about the actual beginning and ending dates of the Blackout Period by contacting the Company’s 401(k) plan Administrator by telephone at (305) 599-1800 or by mail at c/o 401(k) Plan Administrator, MasTec, Inc., 800 S. Douglas Road, 12th Floor, Coral Gables, Florida 33134.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
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Description |
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99.1 |
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Notice to Directors and Executive Officers dated August 26, 2025 |
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104 |
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The cover page of MasTec, Inc.’s Current Report on Form 8-K, formatted in Inline XBRL (included with the Exhibit 101 attachments). |