CTRI 8-K
Centuri Holdings, Inc. (CTRI)
8-K
2026-03-20
For: 2026-03-20
View Original
Added on
April 12, 2026
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
Date of report (Date of earliest event reported): March 20, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | ||||
(623 ) 582-1235
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On March 20, 2026, the Board of Directors (the “Board”) of Centuri Holdings, Inc. (the “Company”) approved an increase in the size of the Board from eight to nine members and elected Mr. Steven E. Nielsen to fill the vacancy created by such increase, effective immediately.
Mr. Nielsen spent 31 years at Dycom Industries, Inc. (NYSE: DY) (“Dycom”), most recently as Chairman of the Board between 2000 and 2024, and President and Chief Executive Officer from March 1999 to 2024. While there he led Dycom through 25 years of transformational growth, scaling the business from under $200 million in revenue to more than $4.5 billion. He was also previously a director of SBA Communications Corporation (Nasdaq: SBAC). Mr. Nielsen received a Bachelor of Arts degree from Williams College in 1985.
At this time, Mr. Nielsen has not been appointed to serve on any committee of the Board. Mr. Nielsen will receive the same compensation that the other directors who are not employees of the Company receive for Board membership, as described in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on March 5, 2025.
There are no arrangements or understandings between Mr. Nielsen and any other persons, pursuant to which Mr. Nielsen was selected as a director of the Company, and there are no transactions between Mr. Nielsen and the Company that would be reportable under Item 404(a) of Regulation S-K.
As a result of the increase in the size of the Board from eight to nine members, the deadline for receipt of director nominations submitted pursuant to the Company’s Amended and Restated Bylaws (the “Bylaws”) for consideration at the Company’s 2026 Annual Meeting of Stockholders has been extended to the close of business on March 30, 2026, but only with respect to nominations for the new position created by the Board size increase. For information on how to submit any such director nomination, stockholders are urged to read the complete text of the advance notice and other provisions of the Bylaws and the section titled “Stockholder Proposals For The 2026 Annual Meeting” in the Company’s Proxy Statement for the 2025 Annual Meeting of Stockholders.
Item 7.01 | Regulation FD Disclosure. | ||||
On March 20, 2026, the Company issued a press release announcing the appointment of Steven E. Nielsen to the Board. A copy of the press release is furnished hereto as Exhibit 99.1.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits.
Exhibit No. | Description | ||||
99.1 | |||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
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.
| CENTURI HOLDINGS, INC. | ||||||||
| Date: March 20, 2026 | By: | /s/ Jason S. Wilcock | ||||||
| Jason S. Wilcock | ||||||||
| Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary | ||||||||
Exhibit 99.1
Centuri Appoints New Independent Director Steven Nielsen to Board of Directors
PHOENIX, March 20, 2025 -- Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the "Company"), a leading, North American utility and energy infrastructure services company, today announced that it has appointed specialty contracting services executive Steven Nielsen to its Board of Directors.
Mr. Nielsen served from 2000 to 2024 as Chairman and Chief Executive Officer of Dycom Industries, a leading provider of specialty contracting services to the telecommunications infrastructure industry. While at Dycom, he led the company through 25 years of transformational growth, scaling the business from under $200 million in revenue to more than $4.5 billion while overseeing a nationwide workforce and complex, multi-market operations.
“Steve has decades of successful leadership in specialty contracting services,” said Chris Krummel, Chair of the Centuri Board of Directors. “His vast experience paired with a reputation as a steady, insightful, and highly effective enterprise leader, make him a wonderful addition to the Board.”
“I’m pleased to join Centuri during this exciting chapter of Company growth,” said Mr. Nielsen. “I look forward to bringing my years of experience and insights to support the Company as it builds on its strong foundation to become a most trusted and high performing services provider in its sector.”
Mr. Nielsen joins as an independent director and will stand for election at Centuri’s 2026 Annual Meeting of Shareholders. With the appointment of Mr. Nielsen, the Centuri Board of Directors has expanded to nine members.
About Steven Nielsen
Mr. Nielsen spent 31 years at Dycom Industries, Inc. (NYSE: DY), most recently as Chairman of the Board between 2000 and 2024, and President and Chief Executive Officer from March 1999 to 2024. While there he led Dycom through 25 years of transformational growth, scaling the business from under $200 million in revenue to more than $4.5 billion. He was also previously a director of SBA Communications Corporation (Nasdaq: SBAC). Mr. Nielsen received a Bachelor of Arts degree from Williams College in 1985.
About Centuri
Centuri Holdings, Inc. is a strategic utility and energy infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as “will,” “predict,” “continue,” “forecast,” “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “may” and “assume,” as well as variations of such words and similar expressions referring to the future.
The specific forward-looking statements made herein include (without limitation) statements regarding our ability to deliver increasing value for all our shareholders and the 2026 Centuri Annual Meeting of Shareholders. A number of important risks, uncertainties and other factors affecting the business and financial results of Centuri could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions and those detailed from time to time in Centuri’s reports filed with the Securities and Exchange Commission (the “SEC”), including Item 1A. Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri’s filings filed from time to time with the SEC. The statements in this press release are (i) made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise, and (ii) based on assumptions and assessments made by our management in light of their experience and perceptions of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Except to the extent required by applicable law, Centuri does not assume any obligation to update or revise the forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise. You are cautioned not to place undue reliance on these forward-looking statements.
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Source: Centuri Holdings, Inc.