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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
NOVEMBER 30, 2001
Date of Report
QUANTA SERVICES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
001-13831 74-2851603
Commission File No. IRS Employer Identification No.
1360 POST OAK BLVD.
SUITE 2100
HOUSTON, TEXAS 77056
(Address of principal executive offices)
Registrant's telephone number, including area code:
(713) 629-7600
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ITEM 5. OTHER EVENTS.
On or about November 29, 2001, UtiliCorp United Inc. delivered to Quanta
Services, Inc. a Complaint that UtiliCorp filed in the Court of Chancery in the
State of Delaware in and for New Castle County and Amendment No. 19 to its
Schedule 13D.
In its Complaint filed in Delaware, UtiliCorp alleges defects in the notice
of recent meetings of Quanta's board of directors. To date, UtiliCorp has not
identified with specificity the nature of the alleged defects to Quanta. In any
event, Quanta's Chief Executive Officer intends to notice a meeting of the board
of directors for Saturday, December 1, 2001 to consider responses to UtiliCorp's
recent actions.
In its Schedule 13D, UtiliCorp made statements regarding Quanta's
requirements with respect to the volume and type of services to be provided by
Quanta to UtiliCorp pursuant to the strategic alliance between the companies.
Quanta's discussions with UtiliCorp regarding strengthening the strategic
alliance were based on numerous factors, including Quanta's understanding of
UtiliCorp's ongoing construction and maintenance needs and its previous business
dealings with UtiliCorp. Quanta looks forward to working with UtiliCorp to
develop mutually beneficial enhancements to the strategic alliance.
UtiliCorp contends in its Schedule 13D that Quanta required implementation
of certain "golden parachute" arrangements in connection with the corporate
restructuring being considered. Quanta and UtiliCorp discussed the importance
of ensuring the continued service of key field supervisors and management
following an accounting consolidation. Quanta shared with UtiliCorp its belief
that retention payments to 125-150 personnel over a three- to five-year period
would be an appropriate method of addressing retention issues, to which
UtiliCorp did not object.
SIGNATURES
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.
Date: NOVEMBER 30, 2001 QUANTA SERVICES, INC.
By: /s/ Dana A. Gordon
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Name: Dana A. Gordon
Title: Vice President - General Counsel