Business Context and Reporting Period
This Form 8-K Current Report was filed by Limbach Holdings, Inc. on May 18, 2026. The filing primarily addresses a significant executive leadership appointment within the Company.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
The material change reported is the appointment of Michael J. Reed to the position of Executive Vice President and Chief Operating Officer, effective May 18, 2026. Mr. Reed has been with the Company since 2019, previously serving in roles including Vice President of Operational Risk Management, Senior Vice President, Integrations Leader, and Senior Vice President, Midwest Regional Manager.
Guidance, Outlook, and Compensation Details
The filing details the compensatory arrangements for Mr. Reed's new role:
- Base Salary: Increased to $425,000 annually, subject to annual review.
- Vehicle Allowance: $1,000 per month.
- Annual Bonus: Target opportunity of 60% of annual base salary, contingent on individual and Company performance.
- Equity Award (2026): An award under the Omnibus Incentive Plan with a grant date value of $91,896. This consists of 1/3 time-based restricted stock units and 2/3 market-based stock units.
- Future Equity Award (2027): Eligibility for an award with a grant date fair value equal to 80% of his then-current base salary.
- Other Benefits: Participation in standard executive benefit plans and the Executive Severance and Change in Control Plan.
No specific financial guidance, outlook, or risk factors regarding the Company's operations were disclosed in this specific filing.
Investor Verification Checklist
- Verify the full text of the Promotion Letter (Exhibit 10.1) for specific vesting schedules and performance metrics.
- Review the 2026 Definitive Proxy Statement (filed April 23, 2026) for details on the Executive Severance and Change in Control Plan.
- Confirm the impact of this leadership change on the Company's strategic integration and expansion goals.
- Check the Press Release (Exhibit 99.1) for additional context on the appointment.