secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001104659-22-104351
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limbach authorizes $2M share repurchase and completes $7.8M sale-leaseback of Pontiac facility
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- Board authorizes repurchase of up to $2.0M of common stock through Sept 29, 2023; may use open market, private deals, or 10b5-1 plans.
- Sale-leaseback of Pontiac, MI facility for aggregate $7.8M ($5.4M purchase price + $2.4M tenant improvement allowances).
- Lease term 25 years with two five-year renewal options; initial annual base rent $499,730, subject to annual increases.
- One-time termination option after 15th lease year with ~$1.7M fee; Limbach Facility Services LLC guarantees lease obligations.
- Second amendment to Wintrust credit agreement permits share repurchases under the program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000110465922104351/0001104659-22-104351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000110465922104351/tm2226648d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-104351

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