secwatch / observer

Thermon Group Holdings, Inc. — fact timeline

Source-grounded facts extracted from Thermon Group Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

THR Thermon Group Holdings, Inc. JSON
M&A Transactions

Thermon Group Holdings, Inc. underwent a change of control involving CECO Environmental Corp. (closed 2026-06-01).

“On June 1, 2026 (the "Closing Date"), following approval by the stockholders of both CECO and Thermon at an annual meeting and special meeting, respectively, held on May 27, 2026, the Mergers and the other transactions contemplated by the Merger Agreement (collectively, the "Transactions") were consummated.”
Material Agreements

Thermon Group Holdings, Inc. terminated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent (effective 2021-11-19).

“In connection with the consummation of the Mergers, CECO paid or caused to be paid, on behalf of Thermon, all amounts necessary to satisfy and discharge in full the then-outstanding obligations of Thermon under that certain Amended and Restated Credit Agreement, dated September 29, 2021, by and among Thermon Holding Corp., Thermon Canada Inc., the other financial institutions or entities party thereto from time to time and JPMorgan Chase Bank, N.A., as Administrative Agent, which was further amended on November 19, 2021, March 7, 2023, and December 29, 2023 (as amended, restated, supplemented or otherwise modified from time to time, together with all related credit documentation, the “Credit Agreement”). In connection therewith, the Credit Agreement and all commitments thereunder were terminated.”
Shareholder Votes

Thermon Group Holdings, Inc. shareholders approved To vote on a proposal to adopt the Merger Agreement, pursuant to which (a) Merger Sub Inc. will merge with and into Thermon, with Thermon surviving as a wholly owned subsidiary of CECO and (b) immediately following the First Merger, the surviving corporation will merge with and into Merger Sub LLC, at the 2026-05-27 meeting.

“On May 27, 2026, the Company held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders considered the proposals described in detail in the joint proxy statement/prospectus, dated April 23, 2026, included in the registration statement on Form S-4 filed by CECO with the Securities and Exchange Commission (File No. 333-294924), which was declared effective by the Securities and Exchange Commission on April 22, 2026 (the “Joint Proxy Statement/Prospectus”) including the proposals set forth below relating to the Merger Agreement. The final voting results for each matter submitted to a vote of the Company’s stockholders at the Special Meeting are set forth below.”
Earnings Releases

Thermon Group Holdings, Inc. reported fiscal year ended March 31, 2026 results: revenue $536.3 million, net income $44.6 million, EPS $1.36.

“• Revenue of $536.3 million, an increase of 8% • Gross profit of $243.1 million, an increase of 9%; Gross Margin of 45.3% • Net income of $44.6 million, a decrease of 17%, $1.36 EPS”
Earnings Releases

Thermon Group Holdings, Inc. reported fourth quarter fiscal 2026 results: revenue $148.3 million, net income $2.7 million, EPS $0.08.

“• Revenue of $148.3 million, an increase of 11% • Gross profit of $65.3 million, an increase of 10%, Gross Margin of 44.0% • Net income of $2.7 million, a decrease of 84%, $0.08 EPS”
Material Agreements

Thermon Group Holdings, Inc. entered into Agreement and Plan of Merger with CECO Environmental Corp., Longhorn Merger Sub, Inc., Longhorn Merger Sub LLC (effective 2026-02-23).

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

Thermon Group Holdings, Inc. amended term loan of US $125.0 million five-year secured term loan A with JPMorgan Chase Bank, N.A., as Administrative Agent at base rate, plus an applicable margin, or at a rate based on SOFR plus an applica maturing July 24, 2030.

“in the aggregate. The Revolving Credit Facility includes sublimits for letters of credit and swingline loans (the “Revolving Credit Facility”). · Term Loan Facility : A US $125.0 million five-year secured term loan A (the “Term Loan”) made available in U.S. Dollars to the US Borrower (the “Term Loan Facility”). Proceeds of the Facilities were used at closing to”
Debt Financings

Thermon Group Holdings, Inc. amended credit facility of US $115.0 million five-year a secured revolving credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent at base rate, plus an applicable margin, or at a rate based on SOFR plus an applica maturing July 24, 2030.

“agent (the “Prior Credit Agreement”), and provides for the credit facilities described below (collectively, the “Facilities”). Facilities . · Revolving Credit Facility : A US $115.0 million five-year a secured revolving credit facility made available in U.S. Dollars to the US Borrower, in Canadian Dollars to the Canadian Borrower, and in Euros to the Dutch Borrower,”

Mark Roberts retired as Senior Vice President, Thermon Heating Systems and Engineering at Thermon Group Holdings, Inc..

“On February 17, 2025, Mark Roberts, Senior Vice President, Thermon Heating Systems and Engineering and a current named executive officer of Thermon Group Holdings, Inc. (the " Company "), notified the Company of his decision to retire from his role, effective June 30, 2025 (the “ Transition Date ”) .”

Greg Lucas was appointed as Vice President and Chief Accounting Officer at Thermon Group Holdings, Inc..

“the Board has appointed Greg Lucas as the Company’s Vice President and Chief Accounting Officer, effective October 14, 2024.”

Jan L. Schott was appointed as Senior Vice President and Chief Financial Officer at Thermon Group Holdings, Inc..

“the Board of Directors (the " Board ") of Thermon Group Holdings, Inc. (the “ Company ”) appointed Jan L. Schott as the Company’s Senior Vice President and Chief Financial Officer, effective October 14, 2024.”

Greg Lucas was appointed as principal financial officer and principal accounting officer at Thermon Group Holdings, Inc..

“In the interim, Greg Lucas, the Company’s Vice President and Corporate Controller, will serve as the Company’s principal financial officer and principal accounting officer, effective April 12, 2024.”

Kevin Fox resigned as Senior Vice President and Chief Financial Officer at Thermon Group Holdings, Inc..

“On March 28, 2024, Thermon Group Holdings, Inc. (the “ Company ”) received notice from Kevin Fox of his intent to step down as Senior Vice President and Chief Financial Officer, effective April 12, 2024.”
Earnings Releases

Thermon Group Holdings, Inc. reported third quarter ("Q3 2024") of the fiscal year ending March 31, 2024 results: revenue $136.4 million, net income $15.8 million, EPS $0.46. Guidance reaffirmed.

“year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q3 2024 as compared to the three months ended December 31, 2022 ("Q3 2023") include: • Produced record revenue of $136.4 million, an increase of 12%, driven by sales growth in US-LAM, Europe and Asia Pacific • Realized fully diluted GAAP earnings per share ("EPS") of $0.46 and record non-GAAP adjusted EPS”
Earnings Releases

Thermon Group Holdings, Inc. reported third quarter of the fiscal year ending March 31, 2024 results: revenue $136.4 million, net income $15.8 million, EPS $0.46. Guidance raised.

“year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q3 2024 as compared to the three months ended December 31, 2022 ("Q3 2023") include: • Produced record revenue of $136.4 million, an increase of 12%, driven by sales growth in US-LAM, Europe and Asia Pacific • Realized fully diluted GAAP earnings per share ("EPS") of $0.46 and record non-GAAP adjusted EPS”

Victor L. Richey was appointed as Director at Thermon Group Holdings, Inc..

“appointed Victor L. Richey as a director of the Company, effective as of December 6, 2023.”
Earnings Releases

Thermon Group Holdings, Inc. reported the second quarter of the fiscal year ending March 31, 2024 results: revenue $123.7 million, net income $14.7 million, EPS $0.43. Guidance raised.

“year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q2 2024 as compared to the three months ended September 30, 2022 ("Q2 2023") include: • Produced record revenue of $123.7 million, an increase of 23%, driven by sales growth in the US, Europe and Asia Pacific • Realized fully diluted GAAP earnings per share ("EPS") of $0.43 and record non-GAAP adjusted EPS”
Shareholder Votes

Thermon Group Holdings, Inc. shareholders approved To approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers as reported in the Company's proxy statement for the Meeting at the 2023-07-31 meeting.

“Proposal 3 - To approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers as reported in the Company's proxy statement for the Meeting: Votes For Votes Against Votes Abstaining Broker Non-Votes 28,733,535 699,292 2,514 1,636,907”
Shareholder Votes

Thermon Group Holdings, Inc. shareholders approved To ratify the appointment of KPMG LLP by the audit committee of the board of directors of the Company as the Company’s independent registered public accounting firm for the fiscal year ended March 31, 2024 at the 2023-07-31 meeting.

“Proposal 2 - To ratify the appointment of KPMG LLP by the audit committee of the board of directors of the Company as the Company’s independent registered public accounting firm for the fiscal year ended March 31, 2024: Votes For Votes Withheld Votes Abstaining 30,942,485 128,602 1,161”
Shareholder Votes

Thermon Group Holdings, Inc. shareholders approved To re-elect John Clarke as director of the Company for a term to expire at the next annual meeting of stockholders at the 2023-07-31 meeting.

“Proposal 1a - To re-elect John Clarke as director of the Company for a term to expire at the next annual meeting of stockholders: Votes For Votes Withheld Broker Non-Votes 27,244,840 2,190,501 1,636,907”
Earnings Releases

Thermon Group Holdings, Inc. reported the fiscal year ending March 31, 2024 results: revenue $455 - $485 million. Guidance initiated.

“Introducing Fiscal 2024 revenue guidance of $455 - $485 million”
Earnings Releases

Thermon Group Holdings, Inc. reported the fiscal year ending March 31, 2023 results: revenue $440.6 million, net income $33.7 million, EPS $1.00.

“bookings since the Company's IPO Key highlights for Fiscal 2023 as compared to the twelve months ended March 31, 2022 (“Fiscal 2022”) include: • Produced record revenue of $440.6 million, an increase of 24%, driven by strong demand in North America • Realized non-GAAP Adjusted EPS of $1.56, an increase of 88%, mainly due to volume and improved margins • Generated”
Earnings Releases

Thermon Group Holdings, Inc. reported the fourth quarter of the fiscal year ending March 31, 2023 results: revenue $122.5 million, net income $7.7 million, EPS $0.23.

“diluted GAAP EPS of $1.00 for Fiscal 2023. Key highlights for Q4 2023 as compared to the three months ended March 31, 2022 ("Q4 2022") include: • Produced record revenue of $122.5 million, an increase of 19%, driven by solid growth across all regions • Realized non-GAAP Adjusted EPS of $0.41, an increase of 33%, largely due to margin improvement and cost control •”
Material Agreements

Thermon Group Holdings, Inc. amended Amendment No. 2 to Credit Agreement, Amendment No. 1 to the Guarantee and Collateral Agreement and Amendment No. 1 to the Canadian Guarantee and Collateral Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, and the Lenders (effective 2023-03-07).

“On March 7, 2023, the Company, the US Borrower and the Canadian Borrower entered into an Amendment No. 2 to Credit Agreement, Amendment No. 1 to the Guarantee and Collateral Agreement and Amendment No. 1 to the Canadian Guarantee and Collateral Agreement (collectively, the “Amendment”) with the Lenders and the Agent.”
Earnings Releases

Thermon Group Holdings, Inc. reported third quarter of the fiscal year ending March 31, 2023 results: revenue $122.1 million, net income $8.4 million, EPS $0.25. Guidance raised.

“The Company also reported GAAP net income of $8.4 million and fully diluted GAAP earnings per share (“EPS”) of $0.25, impacted by charges related to the Russia Exit by $7.3 million or $0.22 earnings per share, respectively. Key highlights for Q3 2023 as compared to the three months ended December 31, 2021 ("Q3 2022") include: • Produced revenue of $122.1 million, an increase of 21%, driven by sales growth in the US, Canada and Latin America”
Restructurings & Charges

Thermon Group Holdings, Inc. announced a restructuring with charges of approximately $8.3 million affecting operations in the Russian Federation.

“As a result of the continued impact of the Russo-Ukrainian war, including the sanctions related thereto, the Company conducted a strategic assessment of its operations in the Russian Federation, and, on January 31, 2023, the board of directors authorized the Company to withdraw from its operations in the Russian Federation (the “Russia Exit”), through a planned disposition of its Russian subsidiary. The charges of approximately $8.3 million recognized in the third fiscal quarter, related to the strategic assessment, were comprised of impairments of assets and other charges at December 31, 2022”
Earnings Releases

Thermon Group Holdings, Inc. updated its second quarter of the fiscal year ending March 31, 2023 guidance (raised).

“On November 3, 2022, Thermon Group Holdings, Inc. (“Thermon”) issued a press release announcing its consolidated financial results for the second quarter of the fiscal year ending March 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.”

Dr. Angela Strzelecki was appointed as director at Thermon Group Holdings, Inc..

“appointed Dr. Angela Strzelecki as a director of the Company, effective as of September 6, 2022.”

Rene van der Salm departed as Senior Vice President, Global Operations at Thermon Group Holdings, Inc..

“In connection with this transition, Rene van der Salm, the Company’s Senior Vice President, Global Operations, will cease to serve in such role, effective February 14, 2022,”

Roberto Kuahara was appointed as Senior Vice President, Global Operations at Thermon Group Holdings, Inc..

“On January 13, 2022, the Board of Directors of Thermon Group Holdings, Inc. (the “ Company ”) appointed Roberto Kuahara as the Company’s Senior Vice President, Global Operations, effective February 14, 2022.”

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.