IES Holdings Appoints Elizabeth D. Leykum to its Board of Directors
April 19 2021 - 8:00AM
IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today
announced the appointment of Elizabeth D. Leykum to its Board of
Directors.
“We are pleased to welcome Elizabeth to our
Board,” said Jeff Gendell, IES’s Chairman and CEO. “Her significant
experience in corporate governance, finance and investment
management will complement the skill sets of our current directors,
and we look forward to adding her perspective to the Board.”
Ms. Leykum brings over 20 years of investment
and financial management experience to IES. She has served as
founder of Serenade Capital LLC, an investment firm, since May
2016. Prior to founding Serenade Capital, she was a founding
principal of HEG Capital LLC, an investment advisory firm, and
worked in investment management for ESL Investments for over a
decade. Ms. Leykum has served on the board of Lands’ End, Inc.
(NASDAQ: LE) since April 2014, where she is chair of the Nominating
and Corporate Governance Committee and a member of the Compensation
Committee. In addition, she is a trustee of Houston Ballet and The
Kinkaid School. Ms. Leykum graduated from Harvard College with an
A.B. in Economics and received an M.B.A. from Harvard Business
School.
About IES Holdings, Inc.IES is
a holding company that owns and manages operating subsidiaries that
design and install integrated electrical and technology systems and
provide infrastructure products and services to a variety of end
markets, including data centers, residential housing, and
commercial and industrial facilities. Our more than 5,000 employees
serve clients in the United States. For more information about IES,
please visit www.ies-co.com.
Certain statements in this release may be deemed
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, all of which are based upon various estimates
and assumptions that the Company believes to be reasonable as of
the date hereof. In some cases, you can identify forward-looking
statements by terminology such as "may," "will," "could," "should,"
"expect," "plan," "project," "intend," "anticipate," "believe,"
"seek," "estimate," "predict," "potential," "pursue," "target,"
"continue," the negative of such terms or other comparable
terminology. These statements involve risks and uncertainties that
could cause the Company's actual future outcomes to differ
materially from those set forth in such statements. Such risks and
uncertainties include, but are not limited to, the impact of the
COVID-19 outbreak or future epidemics on our business, including
the potential for job site closures or work stoppages, supply chain
disruptions, construction delays, reduced demand for our services,
or our ability to collect from our customers; the ability of our
controlling shareholder to take action not aligned with other
shareholders; the possibility that certain tax benefits of our net
operating losses may be restricted or reduced in a change in
ownership or a change in the federal tax rate; the potential
recognition of valuation allowances or write-downs on deferred tax
assets; the inability to carry out plans and strategies as
expected, including our inability to identify and complete
acquisitions that meet our investment criteria in furtherance of
our corporate strategy, or the subsequent underperformance of those
acquisitions; competition in the industries in which we operate,
both from third parties and former employees, which could result in
the loss of one or more customers or lead to lower margins on new
projects; fluctuations in operating activity due to downturns in
levels of construction or the housing market, seasonality and
differing regional economic conditions; and our ability to
successfully manage projects, as well as other risk factors
discussed in this document, in the Company's annual report on Form
10-K for the year ended September 30, 2020 and in the Company’s
other reports on file with the SEC. You should understand that such
risk factors could cause future outcomes to differ materially from
those experienced previously or those expressed in such
forward-looking statements. The Company undertakes no obligation to
publicly update or revise any information, including information
concerning its controlling shareholder, net operating losses,
borrowing availability, or cash position, or any forward-looking
statements to reflect events or circumstances that may arise after
the date of this release.
Forward-looking statements are provided in this
press release pursuant to the safe harbor established under the
Private Securities Litigation Reform Act of 1995 and should be
evaluated in the context of the estimates, assumptions,
uncertainties, and risks described herein.
General information about IES Holdings, Inc. can be found at
http://www.ies-co.com under "Investor Relations." The Company's
annual report on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K, as well as any amendments to those
reports, are available free of charge through the Company's website
as soon as reasonably practicable after they are filed with, or
furnished to, the SEC.
Contact: Tracy McLauchlin, CFO IES Holdings,
Inc.713-860-1500
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