8-K

Limbach Holdings, Inc. (LMB)

8-K 2026-01-05 For: 2026-01-01
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Added on April 07, 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): January 1, 2026

LIMBACH HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-36541 46-5399422
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

797 Commonwealth Drive, Warrendale, Pennsylvania 15086

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (412) 359-2100

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
Common stock, $0.0001 par value LMB The Nasdaq Stock Market LLC

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  ☐

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.  ¨

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Terence P. Dugan as an Independent Director

Effective as of January 1, 2026 and upon the recommendation of Limbach Holdings, Inc.’s (the “Company”) Nominating and Corporate Governance Committee, the Company’s Board of Directors (the “Board”) unanimously appointed Terence P. Dugan to serve as a director of the Company, to fill a newly created seat on the Board.

Mr. Dugan will join the Board as a Class A director, such being the class of directors whose terms expire at the Company’s 2026 annual meeting of stockholders. The Board has determined that Mr. Dugan is independent under the applicable listing standards of the Nasdaq Stock Market LLC and has been appointed to the Compensation Committee of the Board. Mr. Dugan will receive compensation for service as a non-employee director consistent with the compensation arrangements applicable to the Company’s other non-employee directors. See Item 8.01 below.

There are no arrangements or understandings between Mr. Dugan and any other person pursuant to which he was elected as a director. There are also no transactions involving Mr. Dugan and the Company that are required to be reported under Item 404 (a) of Regulation S-K.

Item 7.01 Regulation FD Disclosure.

A copy of the press release announcing the appointment of Mr. Dugan to the Board is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

The information furnished under this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or under the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to this Item 7.01 of this Current Report on Form 8-K.

Item 8.01 Other Events.

Effective January 1, 2026 and upon the recommendation of the Company’s Compensation Committee, the Board approved the following changes to the compensation program for the Company’s non-employee directors:

•increased annual cash retainer for non-employee directors from $60,000 to $75,000;

•increased annual cash retainer for the chairman of the Board to $80,000; and

•increased the cash value of the annual equity award granted to non-employee directors from $85,000 to $120,000.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description
99.1 Press Release dated January 5, 2026
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURE

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.

LIMBACH HOLDINGS, INC.
By: /s/ Jayme L. Brooks
Name: Jayme L. Brooks
Title: Executive Vice President and Chief Financial Officer

Dated: January 5, 2026

limbach-pressreleasenewb

EXHIBIT 99.1 1 FOR IMMEDIATE RELEASE Limbach Announces Appointment of New Independent Director Former Trane senior executive brings four decades of leadership from a global HVAC leader to Limbach’s board WARRENDALE, PA. – January 5, 2026– Limbach Holdings, Inc. (NASDAQ: LMB) (“Limbach” or the “Company”), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced the appointment of Terry Dugan to the Company’s Board of Directors (the “Board”), effective January 1, 2026. Mr. Dugan will serve as a director and on the Board’s Compensation Committee. Mr. Dugan brings more than four decades of operating, strategic, and transaction experience in the HVAC and building systems solutions industry, directly aligned with the Company’s current focus on profitable growth, cash flow generation, and long-term shareholder value creation. Throughout his career, he has served a broad national customer base including mission critical building owners, MEP contractors, and construction engineers, providing him with a deep understanding of the end-markets that drive sustainable demand and recurring revenue. Mr. Dugan held senior leadership roles at Trane Technologies plc (“Trane”) and its predecessor, Ingersoll Rand, where he led commercial and strategic initiatives serving owner direct customers across North America. Most recently, he served as Vice President and North America Commercial Business Leader, as well as Vice President of Business Development for M&A. In these roles, he was directly responsible for driving organic growth, evaluating and executing strategic acquisitions, and strengthening Trane’s competitive positioning, contributing to sustained revenue expansion and margin improvement. From 2018 to 2024, Mr. Dugan served on the Joint Venture board of Mitsubishi Electric Trane HVAC U.S. as Ingersoll Rand’s and Trane Technologies’ Lead Director, and was a member of its compensation committee, where he helped align executive incentives with performance and profitability. Today, Mr. Dugan advises small and mid-sized HVAC businesses on growth strategy, operational execution, and value creation, and consults with private equity firms and investment banking advisors focused on HVAC manufacturing, mechanical systems, and building services. Insight into both operating excellence and capital allocation makes him particularly well-suited to support the Company’s strategic priorities and enhance shareholder returns. Mr. Dugan holds a bachelor’s degree in mechanical engineering from Vanderbilt University and an MBA from the Ross School of Business at the University of Michigan. “We are pleased to welcome Terry Dugan to Limbach’s Board,” said Joshua S. Horowitz, Chairman of the Board of Limbach Holdings. “Terry’s career at Trane reflects a disciplined, execution-focused approach to growth. He has led businesses through periods of sustained organic growth, margin expansion, and strategic M&A, all while serving mission-critical building owners and operators. We believe Terry will be an important part of the Limbach team as we continue to strengthen the Company’s foundation and position Limbach for durable value creation.” With this appointment, the Board is increased from six to seven members. About Limbach Limbach is a building systems solutions firm that partners with building owners and facilities managers who have mission critical mechanical (heating, ventilation and air conditioning), electrical and plumbing infrastructure. We strive to be an indispensable


2 partner to our customers by providing services that are essential to the operation of their businesses. We work with building owners primarily in six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment. We have approximately 1,700 team members in 21 offices across the eastern United States. Our team members uniquely combine engineering expertise with field installation skills to provide custom solutions that leverage our full life-cycle capabilities, which allows us to address both the operational and capital project needs of our customers. Forward-Looking Statements We make forward-looking statements in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events. These statements may be preceded by, followed by or include the words “may,” “might,” “will,” “will likely result,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target,” “goal,” or similar expressions. These forward-looking statements are based on information available to us as of the date they were made and involve a number of risks and uncertainties which may cause them to turn out to be wrong. There may be additional risks that we consider immaterial or which are unknown. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Please refer to our most recent annual report on Form 10-K, as well as our subsequent filings on Form 10-Q and Form 8-K, which are available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this press release. Investor Relations Financial Profiles, Inc. Lisa Fortuna LMB@finprofiles.com