IES Holdings Appoints New Directors, Adjusts Executive Pay
Ticker: IESC · Form: 8-K · Filed: Sep 26, 2024 · CIK: 1048268
| Field | Detail |
|---|---|
| Company | Ies Holdings, INC. (IESC) |
| Form Type | 8-K |
| Filed Date | Sep 26, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: IESC
TL;DR
IES Holdings adds 2 directors and revises exec pay. New faces, new terms.
AI Summary
IES Holdings, Inc. announced on September 23, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael E. Vance and David L. Miller, to its Board of Directors. Additionally, the company entered into new employment agreements with its named executive officers, including its CEO, Steven R. Johnson, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- IES Holdings, Inc. (company) — Filing company
- Michael E. Vance (person) — Newly elected director
- David L. Miller (person) — Newly elected director
- Steven R. Johnson (person) — CEO of IES Holdings, Inc.
- September 23, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to the IES Holdings, Inc. Board?
Michael E. Vance and David L. Miller were elected as new directors to the Board of Directors of IES Holdings, Inc.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing is September 23, 2024.
What specific items are covered in this 8-K filing?
This 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
What is the principal executive office address for IES Holdings, Inc.?
The principal executive office address for IES Holdings, Inc. is 2 Riverway, Suite 1730, Houston, Texas 77056.
What is the SIC code for IES Holdings, Inc.?
The Standard Industrial Classification (SIC) code for IES Holdings, Inc. is 1731, which corresponds to Electrical Work.
Filing Stats: 835 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2024-09-26 08:03:32
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share IESC NASDAQ Global Market
Filing Documents
- iesc-20240923.htm (8-K) — 33KB
- exhibit991pressrelease-dir.htm (EX-99.1) — 10KB
- ies_holdingxlogosimple.jpg (GRAPHIC) — 100KB
- iesc-20240923_g1.jpg (GRAPHIC) — 100KB
- 0001048268-24-000118.txt ( ) — 553KB
- iesc-20240923.xsd (EX-101.SCH) — 2KB
- iesc-20240923_def.xml (EX-101.DEF) — 15KB
- iesc-20240923_lab.xml (EX-101.LAB) — 25KB
- iesc-20240923_pre.xml (EX-101.PRE) — 15KB
- iesc-20240923_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On September 26, 2024, the Company issued a press release announcing Mr. Fouts' appointment. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K. The information set forth in this Item 7.01, including Exhibit 99.1, which is furnished herewith and relates to this Item 7.01, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section nor shall such information be deemed incorporated by reference into any filing of the Company under the Exchange Act or the Securities Act of 1933, as amended.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 — Press release dated September 26 , 202 4 . 104 — Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. IES HOLDINGS, INC. Date: September 26, 2024 By: /s/ Mary K. Newman Name: Mary K. Newman Title: General Counsel and Corporate Secretary