Company: MTZ
Filing Date: 2025-02-28
Form Type: S-3ASR
Source: 0001193125-25-042499
Chunk: 12

Company: MASTEC INC
Filing Date: 2025-02-28
Form: S-3ASR
Chunk 12
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 we would have the power to indemnify them against such liabilities. Florida Anti-Takeover Statute As a Florida corporation, we are subject to certain anti-takeover provisions that apply to public corporations under Florida law. Pursuant to Section 607.0901 of the Florida Business Corporation Act, or the Florida Act, a publicly held Florida corporation may not engage in a broad range of business combinations or other extraordinary corporate transactions with an interested shareholder for a period of three years following the time that such shareholder became an interested shareholder unless (A) prior to the time that such shareholder became an interested shareholder, the board of directors approved the affiliated transaction or the transaction which resulted in the shareholder becoming an interested shareholder, (B) upon consummation of the transaction which resulted in the shareholder becoming an interested shareholder, the interested shareholder owned at least 85% of the voting shares of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the voting shares outstanding, but not the outstanding voting shares owned by the interested shareholder, those shares owned by persons who are directors and also officers and by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer or (C) at or subsequent to the time that such shareholder became an interested shareholder, the affiliated transaction is approved by the board of directors and authorized at an annual or special meeting of shareholders, and not by written consent, by the affirmative vote of at least two-thirdsof the voting shares of the corporation (excluding shares held by the interested shareholder), unless:

| • |     | the transaction is approved by a majority of disinterested directors; |

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| • |     | the corporation has not had more than 300 shareholders of record at any time during the three years preceding the 
 announcement date of any such business combination;                                                               |

| • |     | the interested shareholder has beneficially owned at least 80% of the corporation’s outstanding voting 
 shares for at least three years, preceding the announcement date of any such business combination;     |

| • |     | the interested shareholder is the beneficial owner of at least 90% of the outstanding voting shares of the                                             
 corporation, exclusive of shares acquired directly from the corporation in a transaction not approved by a majority of the disinterested directors; or |

| • |     | the consideration paid to the holders of the corporation’s voting stock is at least equal to certain fair 
 price criteria and certain other requirements are