SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Officer Appointment
On August 3, 2020, IES Holdings, Inc., a Delaware corporation (the “Company”), announced the appointment of Jeffrey L. Gendell as Interim Chief Executive Officer of the Company, effective as of July 31, 2020.
Mr. Gendell, age 61, will continue to serve as Chairman of the Board of Directors of the Company, a position he has held since November 2016. Mr. Gendell is the founder and managing member of Tontine Associates, L.L.C., a private investment management firm, which, together with its affiliates (collectively, “Tontine”), is the majority shareholder of the Company.
Mr. Gendell is the brother of David B. Gendell, who has served as a member of the Board of Directors of the Company since February 2012, and who previously served as Interim Director of Operations from November 2017 to January 2019, as Vice Chairman of the Board from November 2016 to November 2017 and as Chairman of the Board from January 2015 to November 2016.
The Company is party to a sublease agreement with Tontine Associates, L.L.C. for corporate office space in Greenwich, Connecticut. The sublease extends through February 27, 2023, with monthly payments due in the amount of approximately $8,000.
There are no arrangements or understandings between Mr. Gendell and any other person pursuant to which he was selected to serve as Interim Chief Executive Officer of the Company, and the Company has not yet determined in which of its plans, contracts or arrangements Mr. Gendell will participate in connection with his appointment as Interim Chief Executive Officer.
Officer and Director Resignation
On August 3, 2020, the Company announced that Mr. Gary S. Matthews, Chief Executive Officer of the Company, has resigned as Chief Executive Officer and as a Director of the Company, effective as of July 31, 2020. Mr. Matthews also resigned from all other positions he held with the Company and its affiliates. The Company has no immediate plans to fill the vacancy caused by Mr. Matthews’ resignation from the Board of Directors.
| Item 7.01 | Regulation FD Disclosure. |
On August 3, 2020, the Company issued a press release announcing the change in leadership roles described under Item 5.02 above. The press release is furnished herewith as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit Number |
Description | |
| 99.1 | Press release dated August 3, 2020 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IES HOLDINGS, INC. | ||||||
| Date: August 3, 2020 | /s/ Mary K. Newman | |||||
| Mary K. Newman | ||||||
| General Counsel & Corporate Secretary | ||||||