8-K
filed January 17, 2023, 6:59 PM ET
ticker LMB
CIK 0001606163
leadership
confidence high
sentiment neutral
materiality 0.60
CEO Charlie Bacon to step down; COO Michael McCann appointed CEO effective March 29, 2023
Limbach Holdings, Inc.
- Charlie Bacon steps down as CEO on March 28, 2023; will serve as special advisor through April 30 and retire from Board at 2023 annual meeting.
- Michael McCann (current COO since 2019) appointed President and CEO effective March 29, 2023; also joins Board as Class B director.
- Jay Sharp promoted to President of Limbach Company LLC, LP, Jake Marshall LLC and Limbach Facility & Project Solutions LLC, overseeing day-to-day operations.
- Nick Angerosa elevated to senior management team as President of Harper Limbach LLC and Harper Limbach Construction LLC.
- McCann receives $600,000 base salary, 100% target bonus, and $105,562 equity award; Bacon gets $689,000 salary continuation and pro-rata bonus.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jay Sharp was appointed as President of Limbach Company LLC, Limbach Company LP, Jake Marshall LLC and Limbach Facility & Project Solutions LLC at Limbach Holdings, Inc..
- Action
- appointed
- Role
- President of Limbach Company LLC, Limbach Company LP, Jake Marshall LLC and Limbach Facility & Project Solutions LLC
Exact text from the filing
Jay Sharp, the Company’s current Executive Vice President, Regional Manager, will be appointed President of the following Limbach entities: Limbach Company LLC, Limbach Company LP, Jake Marshall LLC and Limbach Facility & Project Solutions LLC.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles (Charlie) A. Bacon, III departed as President and Chief Executive Officer at Limbach Holdings, Inc..
- Action
- stepping down
- Role
- President and Chief Executive Officer
Exact text from the filing
Charles (Charlie) A. Bacon, III would step down as President and Chief Executive Officer on March 28, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles (Charlie) A. Bacon, III departed as Board member at Limbach Holdings, Inc..
- Action
- intention to retire
- Role
- Board member
Exact text from the filing
Mr. Bacon also announced his intention to retire from the Board at the Company’s 2023 annual meeting of stockholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael M. McCann was appointed as President and Chief Executive Officer at Limbach Holdings, Inc..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
Michael M. McCann, the Company’s current Executive Vice President and Chief Operating Officer, will be appointed President and Chief Executive Officer.
View on SEC.gov
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