---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-104909"
form_type: "8-K"
ticker: "CTRI"
cik: "0001981599"
company_name: "Centuri Holdings, Inc."
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T14:38:21.223915+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Centuri Holdings closes IPO, raises $329.3M net; Icahn entities invest $54.4M in concurrent placement

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-104909
- form_type: 8-K
- ticker: CTRI
- cik: 0001981599
- company_name: Centuri Holdings, Inc.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/0001193125-24-104909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/d820483d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-104909
- JSON: https://secwatch.observer/filing/0001193125-24-104909.json
- Plain text: https://secwatch.observer/filing/0001193125-24-104909.txt

## Key facts
- Executive change
  Julie A. Dill was appointed as director at Centuri Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/0001193125-24-104909-index.htm
- Executive change
  Andrew W. Evans was appointed as director at Centuri Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/0001193125-24-104909-index.htm
- Executive change
  Anne L. Mariucci was appointed as director at Centuri Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/0001193125-24-104909-index.htm
- Executive change
  Christopher A. Krummel was appointed as director at Centuri Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/0001193125-24-104909-index.htm
- Executive change
  Charles R. Patton was appointed as director at Centuri Holdings, Inc..
  - Action: appointed
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000119312524104909/0001193125-24-104909-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.