8-K
filed April 22, 2024, 7:59 PM ET
ticker CTRI
CIK 0001981599
other material
confidence high
sentiment positive
materiality 0.90
Centuri Holdings closes IPO, raises $329.3M net; Icahn entities invest $54.4M in concurrent placement
Centuri Holdings, Inc.
- IPO of 14,260,000 shares at $21.00/share completed on April 22; net proceeds ~$329.3M after expenses.
- Concurrent private placement sold 2,591,929 shares to Icahn firms at $21.00/sh for ~$54.4M gross.
- Southwest Gas Holdings retains 81.0% ownership (71,665,592 shares) post-IPO.
- Five new directors appointed effective April 17: Dill, Evans, Krummel, Mariucci, Patton; Board audit, compensation, and governance committees formed.
- Net proceeds will repay borrowings under revolving credit facility and term loan; remainder for general corporate purposes.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julie A. Dill was appointed as director at Centuri Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew W. Evans was appointed as director at Centuri Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Anne L. Mariucci was appointed as director at Centuri Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher A. Krummel was appointed as director at Centuri Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles R. Patton was appointed as director at Centuri Holdings, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.