Limbach Holdings, Inc. Files Definitive Proxy Statement

TL;DR

<b>Limbach Holdings, Inc. is pursuing a strategic transformation into a value-added building systems solutions provider to enhance profitability and shareholder returns.</b>

AI Summary

Limbach Holdings, Inc. (LMB) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. Limbach Holdings, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 23, 2024. The filing is related to the company's 2024 annual meeting. The company is transforming into a value-added building systems solutions firm. The strategy aims to partner with building owners providing critical services and requiring uninterrupted operations. The company seeks to earn higher margins and deliver greater returns to stockholders.

Why It Matters

For investors and stakeholders tracking Limbach Holdings, Inc., this filing contains several important signals. The company is actively shifting its business model to focus on higher-margin, less volatile markets by becoming a solutions provider rather than just a contractor. This strategic pivot aims to build stronger partnerships with clients who require continuous operations, positioning Limbach for more resilient and profitable growth.

Risk Assessment

Risk Level: low — Limbach Holdings, Inc. shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance and shareholder communication activities with no immediate financial or operational red flags.

Analyst Insight

Stockholders should review the proxy statement for details on upcoming annual meeting proposals, executive compensation, and the company's strategic direction.

Key Numbers

• 2023 — Fiscal Year (Year for which the CEO is sharing progress and accomplishments)
• 20140422 — Date of Name Change (Date when the company's name was changed from 1347 Capital Corp)

Key Players & Entities

• Limbach Holdings, Inc. (company) — Registrant and filer of the DEF 14A
• 2024 (date) — Year of the proxy statement and annual meeting
• April 23, 2024 (date) — Filing date of the DEF 14A
• 1934 Act (regulation) — Securities Exchange Act of 1934, under which the filing is made
• 14A (form) — Schedule 14A, Proxy Statement
• Pennsylvania (location) — State where the company's business address is located
• Warrendale (location) — City where the company's business address is located
• 15086 (postal_code) — ZIP code for the company's business address

FAQ

Industry Context

Limbach Holdings operates in the construction special trade contractors sector, focusing on building systems solutions.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for details on proposals to be voted on at the annual meeting.
2. Examine executive compensation disclosures to understand management incentives.
3. Assess the company's strategic transformation narrative for future growth potential.

Key Dates

• 2024-04-23: Filing of DEF 14A — Provides official notice of shareholder meeting agenda and company strategy

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement for an annual meeting, indicating ongoing corporate governance activities.

Key Financial Figures

• $4 million — For example, we invested approximately $4 million in portable air chillers and other rent
• $25,000 — ments, which are not expected to exceed $25,000 in total. What does it mean if I rece

Filing Documents

• a2024proxystatementdef14a.htm (DEF 14A) — 671KB
• cashincentive.jpg (GRAPHIC) — 22KB
• image.jpg (GRAPHIC) — 42KB
• limbachimage.jpg (GRAPHIC) — 35KB
• 0001628280-24-017440.txt (&nbsp;) — 803KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 26 PAY vs. PERFORMANCE 33

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 36 Delinquent Section 16(a) Reports 37 PROPOSAL 2 39 PROPOSAL 3 40 RELATED PERSON POLICY AND TRANSACTIONS 43 Related Person Transactions Policy and Procedures 43 Related Person Transactions 43 OTHER MATTERS 44 Householding of Proxy Materials 44 Electronic Access to Proxy Statement and Annual Report 44 Annex A - Reconciliation of Non-GAAP Financial Measures 45 1 Limbach Holdings, Inc. 797 Commonwealth Drive Warrendale, Pennsylvania 15086 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held on June 13, 2024 ------------------------------------- This Proxy Statement is being furnished to our stockholders of record as of the close of business on April 17, 2024 in connection with the solicitation by our Board of Directors of proxies for the 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held solely by remote communication in a virtual-only format on Thursday, June 13, 2024, at 230 p.m. EDT, or at any and all adjournments or postponements thereof, for the purposes stated in the Notice of Annual Meeting of Stockholders. The approximate date of mailing of this Proxy Statement and the enclosed form of proxy is April 23, 2024. Unless we state otherwise or the context otherwise requires, references in this proxy statement to "we," "our," "us," or the "Company" are to Limbach Holdings, Inc. a Delaware corporation. QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS AND VOTING Why am I receiving these materials We have sent you these proxy materials because our Board of Directors (our "Board") is soliciting your proxy to vote at the Annual Meeting, including at any adjournments or postponements of the meeting. You are invited to attend the virtual Annual Meeting to vote on the proposals described in this Proxy Statement. However, you do not need to attend the virtual meeting to vote your shares. Instead, you may simply complete, s

View Full Filing

View this DEF 14A filing on SEC EDGAR