Granite Construction Inc. Announces Retirement and Consulting Agreement for Former COO James Radich
Granite Construction Inc. has announced new compensation terms for its retiring Executive Vice President and Chief Operating Officer, James Radich, as detailed in a recent Form 8-K filing. Effective July 4, 2025, Radich will retire and enter into a severance agreement with the company. As part of this agreement, he will receive pay for any accrued but unpaid salary, vested benefits under the company's Annual Incentive Plan, and a payout under long-term incentive plan awards, pro-rated for his service. Additionally, he will receive a cash payment equivalent to 18 months of COBRA health care coverage for himself and his dependents. Radich will also receive a retirement gift valued at approximately $3,000. Furthermore, Radich has entered into a consulting agreement with Granite Construction, allowing him to provide consulting services at an hourly rate of $250 from his separation date through October 31, 2025, with the possibility of extension.
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