NV5 Global, Inc. (NVEE) filed on May 13 8-K

NV5 Global, Inc. (NASDAQ:NVEE) Logo

NV5 Global, Inc. files 8-K in a filing on May 13.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 13, 2019, NV5 Global, Inc. (the ‘Company’) announced that, effective June 6, 2019, Edward Codispoti will become the Company’s Chief Financial Officer and principal financial officer, succeeding Michael Rama. Mr. Codispoti will become an employee of the Company effective June 6, 2019.

Mr. Codispoti, age 48, previously served as Chief Financial Officer of Ilumno Holdings, Ltd. since May 2017 and as CFO of JetSmarter, Inc. from October 2016 to March 2017. He served in various capacities for TradeStation Group, Inc. including CFO from June 2011 to August 2016, Chief Accounting Officer from February 2010 to June 2011 and Corporate Controller and Vice President of Accounting from September 2007 to May 2011. Mr. Codispoti began his career at Arthur Andersen, LLP. He is a Certified Public Accountant and a Member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. Mr. Codispoti earned his Bachelor of Accounting and Master of Accounting degrees from Florida International University.

Under the terms of an offer letter that Mr. Codispoti entered into in connection with his hiring as Chief Financial Officer of the Company, his base salary will be $310,000 and he is eligible to participate in the Company’s discretionary performance bonus plan under the Company’s 2011 Equity Incentive Plan (the ‘2011 Plan’), up to 100% of his annual base salary, which in the case of 2019 will be pro-rated. In addition, the offer letter provides that Mr. Codispoti will receive, under the 2011 Plan, an initial grant of 1,000 shares of restricted stock, which will vest in full on the third anniversary of such grant date.

There are no other arrangements or understandings between Mr. Codispoti and any other persons pursuant to which he was selected as the Company’s Chief Financial Officer. Additionally, there are no transactions involving the Company and Mr. Codispoti that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The stock decreased 3.70% or $2.83 during the last trading session, reaching $73.63. About 201,054 shares traded or 42.36% up from the average. NV5 Global, Inc. (NASDAQ:NVEE) has risen 72.79% since May 13, 2018 and is uptrending. It has outperformed by 68.42% the S&P500.

NV5 Global, Inc. provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. The company has market cap of $925.17 million. It operates through two divisions, Infrastructure; and Building, Technology & Sciences. It has a 31.24 P/E ratio. The firm offers site selection and planning, design, water resources, transportation, structural engineering, land development, surveying, power delivery, building code compliance, and other services; and construction materials testing and engineering, geotechnical engineering and consulting, and forensic consulting services.

Investors sentiment decreased to 0.92 in 2018 Q4. Its down 0.77, from 1.69 in 2018Q3. It dropped, as 17 investors sold NV5 Global, Inc. shares while 48 reduced holdings. 24 funds opened positions while 36 raised stakes. 7.54 million shares or 3.58% more from 7.28 million shares in 2018Q3 were reported.
Perritt Incorporated owns 7,000 shares for 0.16% of their portfolio. Alps Advsr Inc has invested 0% of its portfolio in NV5 Global, Inc. (NASDAQ:NVEE). Campbell Newman Asset Mngmt Inc has 11,198 shares for 0.12% of their portfolio. Group has 6,173 shares for 0% of their portfolio. 217 are owned by Dorsey Wright & Assocs. First Natl Bank Of Hutchinson holds 0.38% of its portfolio in NV5 Global, Inc. (NASDAQ:NVEE) for 9,077 shares. Victory Capital Management holds 0% in NV5 Global, Inc. (NASDAQ:NVEE) or 3,770 shares. The Illinois-based Northern Corporation has invested 0% in NV5 Global, Inc. (NASDAQ:NVEE). Utd Capital Advisers Limited Co holds 0% of its portfolio in NV5 Global, Inc. (NASDAQ:NVEE) for 10,029 shares. First Advisors Lp holds 0.01% or 60,090 shares. Metropolitan Life Insurance holds 3,144 shares or 0% of its portfolio. Jpmorgan Chase Com holds 0% of its portfolio in NV5 Global, Inc. (NASDAQ:NVEE) for 29,753 shares. 7,835 are held by Engineers Gate Manager Ltd Partnership. Moreover, Renaissance Group Limited Liability Co has 0.02% invested in NV5 Global, Inc. (NASDAQ:NVEE). Cambridge Rech Advisors Inc stated it has 0% in NV5 Global, Inc. (NASDAQ:NVEE).

Since November 15, 2018, it had 1 insider buy, and 3 insider sales for $1.79 million activity. On Wednesday, December 12 ALFORD DONALD C sold $452,126 worth of NV5 Global, Inc. (NASDAQ:NVEE) or 7,000 shares. $729,426 worth of NV5 Global, Inc. (NASDAQ:NVEE) shares were sold by Hockman Alexander A.. WRIGHT DICKERSON had sold 10,000 shares worth $728,679 on Monday, December 3.

NV5 Global, Inc. (NASDAQ:NVEE) Ratings Coverage

Among 2 analysts covering NV5 Holdings (NASDAQ:NVEE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. NV5 Holdings had 4 analyst reports since November 26, 2018 according to SRatingsIntel. The stock of NV5 Global, Inc. (NASDAQ:NVEE) earned “Buy” rating by Maxim Group on Monday, November 26. The firm earned “Buy” rating on Friday, March 8 by Maxim Group. Roth Capital maintained NV5 Global, Inc. (NASDAQ:NVEE) rating on Friday, March 8. Roth Capital has “Buy” rating and $90 target.

More notable recent NV5 Global, Inc. (NASDAQ:NVEE) news were published by: Finance.Yahoo.com which released: “Where NV5 Global, Inc. (NASDAQ:NVEE) Stands In Terms Of Earnings Growth Against Its Industry – Yahoo Finance” on April 30, 2019, also Streetinsider.com with their article: “NV5 Global (NVEE) Names Edward Codispoti as CFO – StreetInsider.com” published on May 13, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been More Bullish On NV5 Holdings Inc (NVEE) – Yahoo Finance” on May 05, 2019. More interesting news about NV5 Global, Inc. (NASDAQ:NVEE) were released by: Nasdaq.com and their article: “NV5 Holdings (NVEE) Q1 Earnings and Revenues Surpass Estimates – Nasdaq” published on May 08, 2019 as well as Nasdaq.com‘s news article titled: “NV5 Holdings (NVEE) Earnings Expected to Grow: Should You Buy? – Nasdaq” with publication date: May 01, 2019.

NV5 Global, Inc. (NASDAQ:NVEE) Institutional Positions Chart

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