Pavecon Holding Co. Inc., Pavecon Ltd. Co., and Pavecon Public Works, LP v. Marty Murphy

CourtCourt of Appeals of Texas
DecidedMay 6, 2022
Docket05-20-00438-CV
StatusPublished

This text of Pavecon Holding Co. Inc., Pavecon Ltd. Co., and Pavecon Public Works, LP v. Marty Murphy (Pavecon Holding Co. Inc., Pavecon Ltd. Co., and Pavecon Public Works, LP v. Marty Murphy) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pavecon Holding Co. Inc., Pavecon Ltd. Co., and Pavecon Public Works, LP v. Marty Murphy, (Tex. Ct. App. 2022).

Opinion

AFFIRMED and Opinion Filed May 6, 2022

In the Court of Appeals Fifth District of Texas at Dallas No. 05-20-00438-CV

PAVECON HOLDING CO. INC., PAVECON LTD. CO., AND PAVECON PUBLIC WORKS, LP, Appellant V. MARTY MURPHY, Appellee

On Appeal from the 192nd Judicial District Court Dallas County, Texas Trial Court Cause No. DC-17-10592

MEMORANDUM OPINION Before Justices Myers, Partida-Kipness, and Carlyle Opinion by Justice Carlyle After a jury trial, the trial court entered judgment in favor of Marty Murphy

on his breach of contract claim against Pavecon Holding Co. Inc., Pavecon Ltd. Co.,

and Pavecon Public Works, LP (collectively, “Pavecon”1). Pavecon appeals, and we

affirm in this memorandum opinion. See TEX. R. APP. P. 47.4.

Marty Murphy began working for Pavecon and its predecessor entities in

2012, under an employment agreement he negotiated with C. David Walker—the

1 For convenience and ease of understanding, we refer to the appellants collectively as Pavecon throughout this opinion, even if a particular action may have been attributable to only one of the appellants, unless the distinction is relevant to our analysis. chief executive officer and controlling shareholder of Pavecon Holding. The

agreement, which provided that Mr. Murphy would be a “Division President,” stated

that in addition to his salary, Mr. Murphy would receive a year-end bonus of eight

percent of “Pavecon’s DFW Division’s” pre-tax net profit and two percent of the

pre-tax profit for “all Divisions . . . divided by the number of operating Divisions.”

Mr. Murphy would also receive a “Stock Equity Bonus” consisting of “Pavecon

stock awarded annually based on 10% Equity in Dallas/Fort Worth Division.” The

agreement further provided that, if Pavecon started a “Public Works Division in

DFW, Pavecon stock will be awarded annually based on 25% Equity in the new

Division.” Mr. Walker signed the agreement as “President, Pavecon, Ltd.,” and he

confirmed in a separate email that “[n]ot stated in the agreement” was a promise that

Mr. Murphy would also receive a yearly cash bonus of ten percent of the pre-tax net

profit for the “Public Works Division.”

With respect to the stock-equity bonuses, Mr. Walker testified he explained to

Mr. Murphy that Pavecon would take the agreed equity percentages, multiply them

by the profits of the respective divisions, give Mr. Murphy a portion of those

amounts in cash to cover taxes, and use the remaining portion to purchase shares of

Pavecon Holding stock, with the number of shares dependent on how much could

be purchased at the stock’s year-end book value.

Working under this arrangement, Mr. Murphy succeeded in expanding the

Pavecon business, and Pavecon started its Public Works Division shortly after his

–2– hire. That division grew rapidly, to the point where it eventually became necessary

to bring someone in to help ease the burden on Mr. Murphy, who was being spread

thin running both the DFW and Public Works divisions. To that end, Pavecon hired

Dean Dumke in February 2015 to run the Public Works Division. To facilitate Mr.

Dumke’s hire, Mr. Murphy agreed to reduce his cash and stock-equity bonuses in

the Public Works Division each by five percent. Thus, as of early 2015, it is

undisputed that the parties modified Mr. Murphy’s employment agreement to reflect

a reduction in his cash and stock-equity bonuses in the Public Works Division.

Around that time, in early 2015, Mr. Walker restructured the Pavecon

organization, primarily because he was concerned about his stock position being

diluted by the various stock-equity bonuses granted to Pavecon’s division presidents.

He decided to transition the organization to a model where division presidents would

be given partnership or membership interests in newly formed Pavecon entities, with

“profit sharing” taking the place of stock bonuses.

According to Mr. Walker, “everybody’s percentages were the same. It was just

moving from a corporation where we issued stock to a partnership bonus share --

bonus sharing plan basically. But the same percentages, nothing changed.” Mr.

Walker testified that division presidents were told at a March 2015 meeting that

Pavecon was “going to do away with Pavecon Holding Company as a vehicle that

owned the company and we were going to move to a partnership. We were going to

buy back your shares. Actually, we had to offer to buy back those shares,” but

–3– “everybody understood that we were closing out of the -- stock business and out of

Pavecon Holding.” He reiterated, however, that “everybody’s percentage remained

the same.” Going forward, Pavecon would calculate equity bonuses, distribute a

portion of those bonuses in cash to cover taxes, and keep track of the remaining

balances in capital accounts maintained by the reorganized entities for each division

president. Mr. Walker explained that this was “a better deal for everybody,” because

“you didn’t have to worry about another division losing money, dragging down your

value. What you got was what -- was yours in your account.”

At that March 2015 meeting, Pavecon presented division presidents with

binders containing various agreements related to the reorganization. Mr. Murphy’s

binder included: (1) a Limited Liability Company Agreement of Pavecon Ltd. Co.;

(2) a Second Amended and Restated Agreement of Limited Partnership of Pavecon

Public Works LP; (3) a First Amended and Restated Profit/Loss Sharing Agreement

of Pavecon Ltd. Co.; (4) a Profit/Loss Sharing Agreement of Pavecon Public Works

LP; and (5) a Stock Purchase Agreement (SPA).

When asked whether Pavecon told its division presidents, including Mr.

Murphy, that they had to sign the agreements, Mr. Walker testified Pavecon told them

“they needed to seek counsel” and that “this is where we’re going.” He said Pavecon

“tried to lay out everything and be as fair as we could.” Nevertheless, Mr. Murphy

recalled that Pavecon’s lawyer, Mr. Crutcher, came into the meeting, “handed

everybody books,” and told them, “this is the reorganization. Things really aren’t

–4– going to change. This is more about Mr. Walker’s . . . depletion of

percentages. . . . But it’s not affecting anything else. Here’s your books. Need you to

review them and sign them, get them back to us.”

When Mr. Murphy reviewed the reorganization agreements, he noticed

Pavecon had inserted a non-compete provision that was not part of his original

employment agreement. That made him uncomfortable, he said, because he had been

working in the paving industry all of his adult life, it was all he knew, and it’s how

he fed his family. He also objected to some of the agreements’ other terms, most of

which he said he could not understand. According to Mr. Murphy, he told Pavecon

he would not sign the agreements, and he expressed his concerns directly to Mr.

Walker, who reassured him that he would “make sure that we negotiate this so it’s

fair for both parties.”

Mr. Murphy continued working for Pavecon for several years without signing

the bulk of the reorganization agreements. Although there was conflicting testimony

about Pavecon’s efforts to get Mr. Murphy to sign the other agreements during that

period, Mr. Murphy testified that Pavecon’s primary concern was obtaining his

signature on the SPA. Despite operating under the new entities beginning in January

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Willis v. Donnelly
199 S.W.3d 262 (Texas Supreme Court, 2006)
Intec Systems, Inc. v. Lowrey
230 S.W.3d 913 (Court of Appeals of Texas, 2007)
Horizon/CMS Healthcare Corporation v. Auld
34 S.W.3d 887 (Texas Supreme Court, 2000)
Hathaway v. General Mills, Inc.
711 S.W.2d 227 (Texas Supreme Court, 1986)
Dow Chemical Co. v. Francis
46 S.W.3d 237 (Texas Supreme Court, 2001)
Jackson v. Fontaine's Clinics, Inc.
499 S.W.2d 87 (Texas Supreme Court, 1973)
Victoria Bank & Trust Co. v. Brady
811 S.W.2d 931 (Texas Supreme Court, 1991)
City of Keller v. Wilson
168 S.W.3d 802 (Texas Supreme Court, 2005)
Solar Applications Engineering, Inc. v. T.A. Operating Corp.
327 S.W.3d 104 (Texas Supreme Court, 2010)
Associated Indemnity Corp. v. CAT Contracting, Inc.
964 S.W.2d 276 (Texas Supreme Court, 1998)
Metrocon Construction Co. v. Gregory Construction Co.
663 S.W.2d 460 (Court of Appeals of Texas, 1983)
Tricentrol Oil Trading, Inc. v. Annesley
809 S.W.2d 218 (Texas Supreme Court, 1991)
Arthur Andersen & Co. v. Perry Equipment Corp.
945 S.W.2d 812 (Texas Supreme Court, 1997)
Bos v. Smith
556 S.W.3d 293 (Texas Supreme Court, 2018)

Cite This Page — Counsel Stack

Bluebook (online)
Pavecon Holding Co. Inc., Pavecon Ltd. Co., and Pavecon Public Works, LP v. Marty Murphy, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pavecon-holding-co-inc-pavecon-ltd-co-and-pavecon-public-works-lp-v-texapp-2022.