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CECO ENVIRONMENTAL CORP — fact timeline

Source-grounded facts extracted from CECO ENVIRONMENTAL CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CECO CECO ENVIRONMENTAL CORP JSON
Governance Changes

CECO ENVIRONMENTAL CORP: Increased maximum number of directors from nine to ten.

“The Bylaws Amendment increased the maximum number of directors that may constitute the full Board from nine to ten, to facilitate the expansion of the Board from eight to ten members and the appointment of two directors previously serving on the board of directors of Thermon, as contemplated by the Merger Agreement.”
M&A Transactions

CECO ENVIRONMENTAL CORP completed an acquisition involving Thermon Group Holdings, Inc. for cash and/or shares of CECO common stock (closed 2026-06-01).

“On June 1, 2026 (the “Closing Date”), the Company consummated the previously announced merger with Thermon in accordance with the terms of the Merger Agreement.”
Debt Financings

CECO ENVIRONMENTAL CORP incurred revolving credit of approximately $290 million.

“and (ii) approximately $290 million borrowed under the revolving credit facility thereunder (the "Revolving Facility"”
Debt Financings

CECO ENVIRONMENTAL CORP incurred credit facility of $235.0 million.

“the Company incurred additional indebtedness consisting of (i) $235.0 million borrowed under the delayed draw term loan facility established pursuant to Amendment No. 1 to the Fourth Amended and Restated Credit Agreement, dated as of March 30, 2026 (the "Delayed Draw Term Loan Facility"),”

Jason DeZwirek was appointed as Lead Independent Director at CECO ENVIRONMENTAL CORP.

“Mr. Jason DeZwirek has been designated as the Lead Independent Director.”

Todd Gleason was appointed as Chairman of the Board at CECO ENVIRONMENTAL CORP.

“the Board appointed Todd Gleason, CECO’s Chief Executive Officer and an existing member of the Board, to serve as Chairman of the Board, effective as of the effective time of the First Merger.”

Victor L. Richey was appointed as Director at CECO ENVIRONMENTAL CORP.

“the Board appointed Marcus J. George and Victor L. Richey, each of whom served as a member of the board of directors of Thermon immediately prior thereto, as directors of the Company to fill the two newly created vacancies on the Board.”

Marcus J. George was appointed as Director at CECO ENVIRONMENTAL CORP.

“the Board appointed Marcus J. George and Victor L. Richey, each of whom served as a member of the board of directors of Thermon immediately prior thereto, as directors of the Company to fill the two newly created vacancies on the Board.”
Shareholder Votes

CECO ENVIRONMENTAL CORP shareholders approved CECO Auditor Ratification Proposal at the 2026-05-27 meeting.

“To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2026.”
Shareholder Votes

CECO ENVIRONMENTAL CORP shareholders approved CECO Equity Plan Proposal at the 2026-05-27 meeting.

“To approve the CECO Environmental Corp. 2026 Equity and Incentive Compensation Plan (the “2026 Plan,” and the proposal, the “CECO Equity Plan Proposal”).”
Shareholder Votes

CECO ENVIRONMENTAL CORP shareholders approved Advisory Vote on Executive Compensation at the 2026-05-27 meeting.

“To approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers.”
Shareholder Votes

CECO ENVIRONMENTAL CORP shareholders approved Election of eight director nominees at the 2026-05-27 meeting.

“To elect the eight director nominees named in the Joint Proxy Statement/Prospectus and standing for election to serve as directors of the Company, each for a term that will continue until the next annual meeting of stockholders and until his or her successor has been duly elected and qualified.”
Shareholder Votes

CECO ENVIRONMENTAL CORP shareholders approved CECO Stock Issuance Proposal at the 2026-05-27 meeting.

“To approve the issuance of shares of Company Common Stock, constituting the stock consideration to be issued to stockholders of Thermon in the First Merger contemplated by the Merger Agreement, and other shares of Company Common Stock to be issued in the mergers or reserved for issuance in connection with the mergers (the “CECO Stock Issuance Proposal”).”
Earnings Releases

CECO ENVIRONMENTAL CORP reported the first quarter ended March 31, 2026 results: revenue $205.9 million, net income $(0.4) million, EPS $(0.01). Guidance raised.

“with Thermon Group Holdings, Inc. ("Thermon"). Highlights for the Quarter (1) • Orders of $449.5 million, up 97 percent • Backlog of $1,035.1 million, up 72 percent • Revenue of $205.9 million, up 17 percent • Gross profit of $63.9 million, up 3 percent; Gross margin of 31.0 percent • Net loss of $(0.4) million, down 101 percent; non-GAAP net income of $13.9 million,”
Debt Financings

CECO ENVIRONMENTAL CORP amended credit facility of $740 million in senior secured revolving credit facility commitments; $235 million incremental senior secured delayed-dr with Bank of America, N.A., as administrative agent at Base rate loans: applicable rate of 0.50% to 2.00% plus highest of (1) Agent's p maturing January 30, 2031.

“On March 30, 2026 (the “Effective Date”), CECO Environmental Corp. (the “Company”) entered into that certain Amendment No. 1 to Fourth Amended and Restated Credit Agreement (the “Amendment”), among the Company, its subsidiaries party thereto, the Lenders (as defined below) party thereto, and Bank of America, N.A., as administrative agent (the “Agent”), which amends the Company’s Fourth Amended and Restated Credit Agreement (the “Existing Credit Agreement”; the Existing Credit Agreement as amended by the Amendment, the “Credit Agreement”), among the Company, its subsidiaries from time to time party thereto, the lenders from time to time party thereto (the “Lenders”), and the Agent. The Amendment amends the Existing Credit Agreement to, among other things, (i) increase the aggregate principal amount of the senior secured revolving credit facility commitments under the Credit Agreement to $740 million (the “Revolving Facility”); (ii) add an incremental senior secured delayed-draw term loa”
Material Agreements

CECO ENVIRONMENTAL CORP entered into Agreement and Plan of Merger with Thermon Group Holdings, Inc. (effective 2026-02-23).

“On February 23, 2026, CECO Environmental Corp., a Delaware corporation (the “ Company ”), Longhorn Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of the Company (“ Merger Sub Inc. ”), Longhorn Merger Sub LLC, a Delaware limited liability company and direct wholly owned subsidiary of the Company (“ Merger Sub LLC ”), and Thermon Group Holdings, Inc., a Delaware corporation (“ Thermon ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).”
Debt Financings

CECO ENVIRONMENTAL CORP incurred revolving credit of $700.0 million with Bank of America, N.A. at an applicable rate of between 1.50% and 3.00% (fluctuating based on the Company’ maturing January 30, 2031.

“The Credit Agreement provides for a senior secured revolving credit facility in an initial aggregate principal amount of up to $700.0 million (the “Credit Facility”).”
Material Agreements

CECO ENVIRONMENTAL CORP amended Fourth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent valued at Senior secured revolving credit facility of up to $700 million, maturing January 30, 2031, with inte (effective 2026-01-30).

“On January 30, 2026 (the “Effective Date”), CECO Environmental Corp. (the “Company”) entered into the Fourth Amended and Restated Credit Agreement (the “Credit Agreement”), among the Company, its subsidiaries from time to time party thereto, the lenders from time to time party thereto (the “Lenders”), and Bank of America, N.A., as administrative agent (the “Agent”), which amends and restates in its entirety the Company’s Third Amended and Restated Credit Agreement, dated as of October 7, 2024, among the Company, its subsidiaries from time to time party thereto, the lenders from time to time party thereto and the Agent.”
M&A Transactions

CECO ENVIRONMENTAL CORP completed a disposition involving May River Capital through its special purpose entity Tusk Industrial OpCo Acquisition LLC for $109.5 million (closed 2025-03-31).

“acquired the Purchased Assets, Assumed Liabilities, issued and outstanding Equity Securities, and Assigned IP (each term as defined in the Agreement) for a purchase price of $109.5 million, subject to purchase price adjustments. The Company retained historical asbestos liabilities and the related legacy insurance policies. On March 31, 2025, the Company received”
Auditor Changes

CECO ENVIRONMENTAL CORP engaged Deloitte & Touche LLP as its auditor.

“upon approval by the Audit Committee, the Company engaged Deloitte to serve as the Company's new independent registered public accounting firm for the fiscal year ending December 31, 2025”
Auditor Changes

CECO ENVIRONMENTAL CORP dismissed BDO USA, P.C. as its auditor.

“notified BDO USA, P.C. ("BDO") of its dismissal as the Company's independent registered public accounting firm, effective as of February 28, 2025”
M&A Transactions

CECO ENVIRONMENTAL CORP completed an acquisition involving Profire Energy, Inc. for $118.3 million (closed 2025-01-03).

“stock unit awards following the consummation of the Merger. The aggregate consideration paid by Purchaser in respect of the Shares in the Offer and the Merger was approximately $118.3 million. The aggregate consideration to be paid by Purchaser for all cancelled PFIE restricted stock unit awards is approximately $4.5 million. The Company provided Purchaser with the”
Earnings Releases

CECO ENVIRONMENTAL CORP reported first quarter ended March 31, 2024 results: revenue $126.3 million, net income $1.5 million, EPS $0.04. Guidance reaffirmed.

“reported its financial results for the first quarter results of 2024. First Quarter Summary (1) • Orders of $145.3 million • Backlog of $389.5 million, up 9 percent • Revenue of $126.3 million, up 12 percent • Net income of $1.5 million, down 25 percent; non-GAAP net income of $4.0 million, up 11 percent • GAAP EPS (diluted) of $0.04; non-GAAP EPS (diluted) of $0.11 •”
Earnings Releases

CECO ENVIRONMENTAL CORP updated its third quarter 2023 guidance (raised).

“On November 7, 2023, CECO Environmental Corp. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2023.”

Laurie Siegel was appointed as Director at CECO ENVIRONMENTAL CORP.

“On September 6, 2023, CECO Environmental Corp. (the “Company”) increased the size of the Board of Directors of the Company (the “Board”) from seven to eight directors and appointed Laurie Siegel to serve as a director of the Company.”
Earnings Releases

CECO ENVIRONMENTAL CORP reported full year 2023 results: revenue $500 and $525 million. Guidance raised.

“The Company increased its expected full year 2023 guidance to reflect revenues forecasted to be between $500 and $525 million, up at least 21 percent, at the mid-point, year over year.”
Earnings Releases

CECO ENVIRONMENTAL CORP updated its full year 2023 guidance (raised).

“Company Raises Full Year 2023 Outlook The Company updated its expected full year 2023 guidance to reflect revenue to exceed $485 million, up at least 15 percent year over year, from a previous range of $460 to $485 million. The Company also updated its expected full year 2023 adjusted EBITDA to exceed $50 million, up more than 18 percent year over year, from a previous range of $45 to $50 million.”
Earnings Releases

CECO ENVIRONMENTAL CORP reported the first quarter ended March 31, 2023 results: revenue $112.6 million, net income $2.0 million, EPS $0.06. Guidance raised.

“Orders of $146.1 million, compared with $160.9 million; Record backlog of $356.1 million, up 26 percent; Record first quarter revenue of $112.6 million, up 22 percent; Net income of $2.0 million, compared with $2.8 million; non-GAAP net income of $3.6 million, compared to $5.0 million • GAAP EPS (diluted) of $0.06, compared with $0.08; non-GAAP EPS (diluted) of $0.10, compared to $0.14 • Adjusted EBITDA of $9.7 million, compared with $9.5 million”
Governance Changes

CECO ENVIRONMENTAL CORP: Amended and restated bylaws to align with universal proxy rules, update director nomination procedures, allow remote stockholder meetings, and eliminate stockholder list examination requirement (effective 2023-03-03).

“On March 3, 2023, the Company’s Board of Directors approved an amendment and restatement of the Company’s Amended and Restated By-laws (as amended and restated, the “By-laws”) to (i) align the By-laws with the Securities and Exchange Commission’s new requirements regarding universal proxies pursuant to Rule 14a-19 promulgated under the Securities Exchange Act of 1934, as amended (Article II, Sections 16 and 17); (ii) update the information requirements, processes and procedures regarding the nomination of directors and the proposal of other business for consideration at meetings of the Company’s stockholders (Article II, Sections 16 and 17); (iii) provide for meetings of the Company’s stockholders by means of remote communication (Article II, Sections 3 and 5, and Article III, Sections 3 and 4); (iv) eliminate the requirement that the list of stockholders be open to examination at meetings of the Company’s stockholders, consistent with a recent amendment to the Delaware General Corpora”
Earnings Releases

CECO ENVIRONMENTAL CORP reported the fiscal year ended December 31, 2022 results: revenue $422.6 million, net income $17.4 million, EPS $0.50. Guidance raised.

“Revenue of $422.6 million, up 30 percent • Net income of $17.4 million, up $16.0 million; non-GAAP net income of $25.9 million, up $16.1 million • GAAP EPS (diluted) of $0.50, up $0.46; non-GAAP EPS (diluted) of $0.74, up $0.46”
Earnings Releases

CECO ENVIRONMENTAL CORP reported the fourth quarter ended December 31, 2022 results: revenue $116.4 million, net income $8.3 million, EPS $0.24. Guidance raised.

“Revenue of $116.4 million, up 24 percent • Net income of $8.3 million, up $7.1 million; non-GAAP net income of $7.4 million, up $4.0 million • GAAP EPS (diluted) of $0.24, up $0.21; non-GAAP EPS (diluted) of $0.21, up $0.11”
Earnings Releases

CECO ENVIRONMENTAL CORP reported preliminary financial results for fourth quarter of 2022.

“On January 10, 2023, CECO Environmental Corp. issued a press release announcing preliminary orders for its 2022 fourth quarter.”
Earnings Releases

CECO ENVIRONMENTAL CORP reported the third quarter of 2022 results: revenue $108.4 million, net income $1.9 million. Guidance raised.

“CECO Environmental Corp. (Nasdaq: CECO) ("CECO") , a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the third quarter of 2022. Highlights for the Quarter (1) • Orders of $101.7 million, up 10 percent; Backlog of $277.7 million, up 27 percent • Revenue of $108.4 million, up 36 percent • Net income of $1.9 million, up $3.1 million; non-GAAP net income of $7.1 million, up $6.6 million • Adjusted EBITDA of $9.2 million, up 156 percent • Company increases full year financial outlook; Company introduces full year 2023 financial outlook”

Peter K. Johansson was appointed as Senior Vice President, Chief Financial and Strategy Officer at CECO ENVIRONMENTAL CORP.

“Today CECO also announced the appointment of Peter K. Johansson, 58, as the Company’s Senior Vice President, Chief Financial and Strategy Officer, effective August 15, 2022”

Matthew Eckl departed as Chief Financial Officer at CECO ENVIRONMENTAL CORP.

“Matthew Eckl, its Chief Financial Officer, will cease serving as the Company’s Chief Financial Officer, effective August 14, 2022”

Robert E. Knowling Jr. was appointed as director at CECO ENVIRONMENTAL CORP.

“On July 11, 2022, CECO Environmental Corp. (the “Company”) increased the size of the Board of Directors of the Company (the “Board”) from seven to eight directors and appointed Robert E. Knowling, Jr. to serve as a director of the Company.”

Richard F. Wallman was appointed as Director at CECO ENVIRONMENTAL CORP.

“On November 4, 2021, CECO Environmental Corp. (the “Company”) increased the size of the Board of Directors of the Company (the “Board”) from eight to nine directors and appointed Richard F. Wallman to serve as a director of the Company.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.