Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1199

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 1199
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 to the Board of Directors.

ITEM  2.    PROPERTIES

Our operations are conducted from different locations, primarily within the United States and Canada, including our corporate headquarters located in Coral Gables, Florida.  Substantially all of these properties, including our corporate headquarters, are leased facilities, none of which is material to our operations.  We believe that our existing facilities are adequate for our current and planned levels of operation.

ITEM  3.    LEGAL PROCEEDINGS

The information set forth in Note 14 - Commitments and Contingencies in the notes to the audited consolidated financial statements in Item 8 of this Form 10-K is incorporated by reference.

MasTec has elected to use a $1 million threshold for disclosing proceedings arising under federal, state or local environmental laws, which proceedings involve potential monetary sanctions, and in which a governmental authority is a party.  MasTec believes proceedings under this threshold are not material to its business and financial condition.

ITEM  4.    MINE SAFETY DISCLOSURES

The information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K is included in Exhibit 95.1 to this Annual Report on Form 10-K.

PART II

ITEM  5.    MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information 

Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “MTZ.”

Holders.  As of February 24, 2025, there were 1,640 holders of record of our common stock.  In calculating the number of shareholders, we consider clearing agencies and security position listings as one shareholder for each agency or listing.

Dividends.  We have historically not paid cash dividends and do not currently anticipate paying a cash dividend.  We intend to retain future earnings for reinvestment.  Our Board of Directors will make any future determination as to the payment of dividends at its discretion, and this determination will depend upon our operating results, financial condition and capital requirements, general business conditions and such other factors that the Board of Directors considers relevant.

Issuer Purchases of Equity Securities.  The Company’s share repurchase programs, under which it undertakes share repurchases for strategic purposes, including (i) when management