Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-24

Limbach Holdings (LMB)

CEO Michael McCann was paid $2,759,456 in fiscal year 2025, ↓ down 2.0% from fiscal year 2024, the 33rd percentile of its disclosed peer group (SEC filing 0001628280-26-026892 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,759,456 ↓
Michael McCann total, FY2025
33rd
CEO pay percentile vs peers
46:1
CEO-to-median pay ratio
95.82%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Michael McCann (President and Chief Executive Officer), FY2025 total compensation $2,759,456 (base salary $800,000) [exec_comp, SEC accession 0001628280-26-026892, filed 2026-04-23]

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LMB's next annual pay disclosure, estimated April 23, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael McCann$800,000$0$1,192,150$0$741,306$0$26,000$2,759,456
President and Chief Executive Officer
Jayme Brooks526,0000522,6590316,815026,0001,391,474
Executive Vice President and Chief Financial Officer
Jay Sharp487,0000387,1340270,762026,0001,170,896
Executive Vice President, Sales
Nicholas Angerosa416,0000330,6800192,739026,000965,419
Executive Vice President, National Customer Solutions

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael McCann$2,759,456$2,816,315$2,021,840↓ −56,859
Jayme Brooks1,391,4741,526,9401,420,336↓ −135,466
Jay Sharp1,170,8961,273,3241,222,362↓ −102,428
Nicholas Angerosa965,4191,005,409—↓ −39,990

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against LMB
6 companies name LMB as a compensation peer

Each company listed discloses LMB in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LMB in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Jay SharpEVP$1,170,896
Jayme BrooksCFO$1,391,474
Michael McCannCEO$2,759,456
Nicholas AngerosaEVP$965,419
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
David R. GabouryIndependent Director$141,776
Gordon G. PrattFormer director (through FY2025)$26,868
Joshua S. HorowitzChair of the Board$191,776
Laurel J. KrzeminskiIndependent Director$181,776
Linda G. AlvaradoIndependent Director$161,776
Michael F. McNallyIndependent Director$161,776
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Nicholas AngerosaPSU2025-01-011,2482,495—3,743$223,926
Michael McCannRSU2025-01-01——4,498—384,759
Jay SharpPSU2025-01-011,4612,921—4,382262,160
Jayme BrooksPSU2025-01-011,9723,944—5,916353,974
Michael McCannPSU2025-01-014,4988,996—13,494807,391
Nicholas AngerosaRSU2025-01-01——1,248—106,754
Jayme BrooksRSU2025-01-01——1,972—168,685
Jay SharpRSU2025-01-01——1,461—124,974
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Nicholas Angerosa$106,754$223,926$067.7%
Michael McCann384,759807,391067.7%
Jay Sharp124,974262,160067.7%
Jayme Brooks168,685353,974067.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael McCannPSU42,288—$3,292,121
Jayme BrooksPSU39,958—3,110,730
Michael McCannPSU8,996—700,339
Michael McCannPSU23,644—1,840,685
Jay SharpPSU17,569—1,367,747
Nicholas AngerosaPSU15,469—1,204,262
Jay SharpPSU2,921—227,400
Jayme BrooksPSU11,394—887,023
Jay SharpPSU11,178—870,207
Michael McCannPSU9,720—756,702
Jay SharpPSU8,356—650,515
Nicholas AngerosaPSU7,090—551,957
Nicholas AngerosaPSU6,936—539,968
Michael McCannRSU5,255—409,102
Michael McCannRSU4,699—365,817
Michael McCannRSU4,498—350,169
Jayme BrooksRSU4,440—345,654
Jayme BrooksPSU3,944—307,040
Jayme BrooksRSU2,532—197,116
Nicholas AngerosaPSU2,495—194,236
Nicholas AngerosaRSU1,719—133,824
Jayme BrooksRSU1,972—153,520
Nicholas AngerosaRSU1,542—120,045
Jay SharpRSU1,952—151,963
Jay SharpRSU1,858—144,645
Jay SharpRSU1,461—113,739
Nicholas AngerosaRSU1,248—97,157
Jay SharpRSU1,242—96,690
Michael McCannRSU1,080—84,078
Nicholas AngerosaRSU788—61,346
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to provide competitive total compensation consistent with job scope and experience, link bonus opportunities to Company performance, and grant equity compensation at competitive levels with a significant portion being performance-based. The philosophy focuses on attracting and retaining talented executives, minimizing turnover, and aligning management's interests with stockholders through pay-for-performance methodologies.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCAP
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-099,024,193393,8475,02095.82%Passed
20252025-06-117,954,343200,2934,94697.54%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0995.82%a
20252025-06-1197.54%b

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if applicable, will not be counted towards the vote total for Proposal 2, Proposal 3 and Proposal 4, and thus will have no effect on the outcome of such proposals.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)46 : 1
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Joshua S. HorowitzIndependent · Board Chair · Audit · Compensation$110,000$81,776——$0$191,776
Laurel J. KrzeminskiIndependent · Audit (Chair)100,00081,776——0181,776
Linda G. AlvaradoIndependent · Audit · Nominating and Corporate Governance (Chair)80,00081,776——0161,776
Michael F. McNallyIndependent · Compensation (Chair) · Nominating and Corporate Governance80,00081,776——0161,776
David R. GabouryIndependent · Compensation · Nominating and Corporate Governance60,00081,776——0141,776
Gordon G. PrattIndependent · Departed during FY26,8680——026,868
Michael M. McCannEmployee director—————0
Terence P. DuganIndependent · Compensation · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$85,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)40,000 / 20,000 / 20,000
Stock ownership guideline$3
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$456,868
Equity awards (grant-date value)$408,880
All other compensation$0
Total cost of the board$865,748

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Limbach Holdings names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Limbach Holdings.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Comfort Systems USA2025Brian Lane$1,250,000$6,249,812—$3,096,125$10,620,815
2CSW Industrials, Inc.2026Joseph Armes925,0004,938,00101,286,9767,273,615
3Enerpac Tool Group Corp.2025Paul Sternlieb929,4234,520,6340951,3326,548,272
4IES Holdings2025Matthew Simmes793,750772,18204,632,0126,203,398
5The Eastern Company2025Denis Sheahan800,0003,371,2970792,0005,069,867
6Bel Fuse Inc.2025Farouq Tuweiq509,7113,299,75101,000,0004,909,182
7Exponent, Inc.2025Catherine Ford Corrigan970,0001,120,164678,51003,736,574
8Willdan Group, Inc.2025Michael Bieber606,2411,827,320003,637,831
9Ameresco2025George Sakellaris1,500,000155,1001,385,99903,339,804
10L.B. Foster Company2025John Kasel790,4171,319,3570654,4002,920,512
11Limbach Holdings2025Michael McCann800,0001,192,1500741,3062,759,456
12Thermon Group Holdings, Inc.2025Bruce Thames715,0351,299,9630543,6202,579,122
13Bowman Consulting Group, LTD.2025Gary Bowman739,8921,609,784002,404,863
14Orion Group Holdings2025Paul McDowell584,000659,9060746,9362,080,319
15INNOVATE Corp.2025Paul Voigt500,0001,000,000334,19201,840,192
16Key Tronic Corporation2026Brett Larsen733,846249,99700997,643
—NV5 Global——————not in coverage universe
—Great Lakes Dredge & Dock——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Limbach Holdingsnot disclosedPRSU 67 · RSU 33not disclosedCAP
Ameresco95%not disclosedNoFW Cook
Bel Fuse Inc.Bernstein: 125%; Tuweiq: 125%; Hutkin: 125%; Bittner: 100%; Berry: 75%; Lai: 115%%not disclosedYes — Relative Total Stockholder Return (TSR)Meridian Compensation Partners
Bowman Consulting Group, LTD.not disclosednot disclosednot disclosedPricewaterhouseCoopers
Comfort Systems USA200%PSU 50 · RSU 50NoWillis Towers Watson
CSW Industrials, Inc.not disclosedPSU 60 · RSU 40not disclosedWTW
Enerpac Tool Group Corp.100.7%PSU 60 · RSU 40NoMercer, LLC
Exponent, Inc.not disclosednot disclosednot disclosedCompensia
Great Lakes Dredge & Docknot disclosednot disclosednot disclosednot disclosed
IES Holdingsnot disclosedPSU 67 · RSU 33NoMercer US, Inc.
INNOVATE Corp.not disclosednot disclosednot disclosednot disclosed
Key Tronic Corporationnot disclosedPRSU 60 · RSU 40Nonot disclosed
L.B. Foster Companynot disclosedPSU 60 · Restricted Stock 40not disclosedPay Governance
NV5 Globalnot disclosednot disclosednot disclosednot disclosed
Orion Group Holdingsnot disclosedPSU 60 · RSU 40Yes — absolute TSR performanceFerguson Partners Consulting L.P.
The Eastern Companynot disclosedPSU 60 · RSU 40Yes — Relative Total Shareholder Return (“TSR”) vs. KRX BanksPearl Meyer
Thermon Group Holdings, Inc.76%not disclosedNoMercer
Willdan Group, Inc.not disclosedPRSU 55 · RSU 45not disclosedPearl Meyer

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Limbach Holdings in fiscal 2025?
As disclosed, Michael McCann (President and Chief Executive Officer) was the highest-paid executive at Limbach Holdings in fiscal 2025, with total compensation of $2,759,456.
How does Limbach Holdings's chief executive pay compare to its disclosed peer group?
As disclosed, Michael McCann's total compensation ranked at the 33rd percentile of Limbach Holdings's disclosed peer group.
What is Limbach Holdings's CEO-to-median employee pay ratio?
As disclosed, Limbach Holdings's CEO-to-median employee pay ratio was 46:1.
How did shareholders vote on Limbach Holdings's executive compensation?
As disclosed, 95.82% of shareholders supported Limbach Holdings's executive compensation in the latest say-on-pay vote.
How much does Limbach Holdings spend in total on board compensation for fiscal 2025?
As disclosed, Limbach Holdings reported total board compensation of $865,748 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael McCannDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation”. As printed: 2,759,456. Filing ↗machine: span 551364–551373
2Section 01, Jayme BrooksDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation”. As printed: 1,391,474. Filing ↗machine: span 567023–567032
3Section 01, Jay SharpDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation”. As printed: 1,170,896. Filing ↗machine: span 582941–582950
4Section 01, Nicholas AngerosaDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation”. As printed: 965,419. Filing ↗machine: span 598918–598925
5Section 03, Nicholas Angerosa PSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 684153–684160
6Section 03, Michael McCann RSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 637638–637645
7Section 03, Jay Sharp PSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 666923–666930
8Section 03, Jayme Brooks PSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 649752–649759
9Section 03, Michael McCann PSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 632557–632564
10Section 03, Nicholas Angerosa RSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 690162–690169
11Section 03, Jayme Brooks RSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 654833–654840
12Section 03, Jay Sharp RSUDEF 14A2026-04-230001628280-26-026892Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 672004–672011
13Section 07, pay ratioDEF 14A2026-04-230001628280-26-026892Section “CEO Pay Ratio”. As printed: 46 : 1. Filing ↗
14Section 08, Joshua S. HorowitzDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: 191,776. Filing ↗machine: span 318785–319117
15Section 08, Laurel J. KrzeminskiDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: 181,776. Filing ↗machine: span 320732–321038
16Section 08, Linda G. AlvaradoDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: 161,776. Filing ↗machine: span 326591–326897
17Section 08, Michael F. McNallyDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: 161,776. Filing ↗machine: span 324700–325006
18Section 08, David R. GabouryDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: 141,776. Filing ↗machine: span 328481–328787
19Section 08, Gordon G. PrattDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: 26,868. Filing ↗machine: span 321644–321885
20Section 08, Michael M. McCannDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Terence P. DuganDEF 14A2026-04-230001628280-26-026892Section “Director Compensation”. As printed: —. Filing ↗
22Section 06, 2026 voteForm 8-K2026-06-110001628280-26-042515Item 5.07 · say-on-pay result. As reported: 95.82% (votes for as printed: 9,024,193). Filing ↗
23Section 06, 2025 voteForm 8-K2025-06-130001628280-25-031310Item 5.07 · say-on-pay result. As reported: 97.54% (votes for as printed: 7,954,343). Filing ↗
24Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)Computed——Cash 456,868 + equity 408,880 + all other 0 = 865,748, summed across the director compensation table rows.machine: formula: Σ = 865,748
27Comfort Systems USA, Section 10b CEO totalDEF 14A2026-04-090001308179-26-000245CEO total compensation as printed in Comfort Systems USA's own proxy. As printed: 10,620,815. Filing ↗machine: r1 · c12 · span 843490–843500
28CSW Industrials, Inc., Section 10b CEO totalDEF 14A2026-07-160001193125-26-306099CEO total compensation as printed in CSW Industrials, Inc.'s own proxy. As printed: 7,273,615. Filing ↗machine: r2 · c20 · span 987637–987646
29Enerpac Tool Group Corp., Section 10b CEO totalDEF 14A2025-12-220001140361-25-046276CEO total compensation as printed in Enerpac Tool Group Corp.'s own proxy. As printed: 6,548,272. Filing ↗machine: r2 · c24 · span 758100–758109
30IES Holdings, Section 10b CEO totalDEF 14A2026-01-070001048268-26-000018CEO total compensation as printed in IES Holdings's own proxy. As printed: 6,203,398. Filing ↗machine: r6 · c48 · span 402367–402376
31The Eastern Company, Section 10b CEO totalDEF 14A2026-03-260001193125-26-126283CEO total compensation as printed in The Eastern Company's own proxy. As printed: 5,069,867. Filing ↗machine: span 693146–693155
32Bel Fuse Inc., Section 10b CEO totalDEF 14A2026-04-100001437749-26-011998CEO total compensation as printed in Bel Fuse Inc.'s own proxy. As printed: 4,909,182. Filing ↗
33Exponent, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-163945CEO total compensation as printed in Exponent, Inc.'s own proxy. As printed: 3,736,574. Filing ↗machine: r2 · c25 · span 495437–495446
34Willdan Group, Inc., Section 10b CEO totalDEF 14A2026-04-240001104659-26-048621CEO total compensation as printed in Willdan Group, Inc.'s own proxy. As printed: 3,637,831. Filing ↗machine: r5 · c16 · span 1375991–1376000
35Ameresco, Section 10b CEO totalDEF 14A2026-04-230001628280-26-026695CEO total compensation as printed in Ameresco's own proxy. As printed: 3,339,804. Filing ↗machine: r2 · c39 · span 713614–713623
36L.B. Foster Company, Section 10b CEO totalDEF 14A2026-04-100001140361-26-014171CEO total compensation as printed in L.B. Foster Company's own proxy. As printed: 2,920,512. Filing ↗machine: r2 · c21 · span 731507–731517
37Limbach Holdings (subject), Section 10b CEO totalDEF 14A2026-04-230001628280-26-026892CEO total compensation as printed in Limbach Holdings's own proxy. As printed: 2,759,456. Filing ↗machine: span 551364–551373
38Thermon Group Holdings, Inc., Section 10b CEO totalDEF 14A2025-06-180001489096-25-000097CEO total compensation as printed in Thermon Group Holdings, Inc.'s own proxy. As printed: 2,579,122. Filing ↗machine: r2 · c55 · span 730045–730054
39Bowman Consulting Group, LTD., Section 10b CEO totalDEF 14A2026-04-280001193125-26-186892CEO total compensation as printed in Bowman Consulting Group, LTD.'s own proxy. As printed: 2,404,863. Filing ↗machine: r2 · c34 · span 214110–214119
40Orion Group Holdings, Section 10b CEO totalDEF 14A2026-03-200001873923-26-000073CEO total compensation as printed in Orion Group Holdings's own proxy. As printed: 2,080,319. Filing ↗machine: r4 · c39 · span 433823–433832
41INNOVATE Corp., Section 10b CEO totalDEF 14A2026-04-280001006837-26-000027CEO total compensation as printed in INNOVATE Corp.'s own proxy. As printed: 1,840,192. Filing ↗machine: r2 · c45 · span 326561–326570
42Key Tronic Corporation, Section 10b CEO totalDEF 14A2026-09-240000719733-26-000034CEO total compensation as printed in Key Tronic Corporation's own proxy. As printed: 997,643. Filing ↗machine: r2 · c42 · span 128353–128360
43Section 10a, Ameresco reciprocityDEF 14A—0001628280-26-026695Ameresco names Limbach Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, L.B. Foster Company reciprocityDEF 14A—0001140361-26-014171L.B. Foster Company's most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗
45Section 10a, Thermon Group Holdings, Inc. reciprocityDEF 14A—0001489096-25-000097Thermon Group Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗
46Section 10a, The Eastern Company reciprocityDEF 14A—0001193125-26-126283The Eastern Company's most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗
47Section 10a, Willdan Group, Inc. reciprocityDEF 14A—0001104659-26-048621Willdan Group, Inc. names Limbach Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, Orion Group Holdings reciprocityDEF 14A—0001873923-26-000073Orion Group Holdings's most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗
49Section 10a, Exponent, Inc. reciprocityDEF 14A—0001193125-26-163945Exponent, Inc.'s most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗
50Section 10a, Bel Fuse Inc. reciprocityDEF 14A—0001437749-26-011998Bel Fuse Inc.'s most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗
51Section 10a, IES Holdings reciprocityDEF 14A—0001048268-26-000018IES Holdings's most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗
52Section 10a, CSW Industrials, Inc. reciprocityDEF 14A—0001193125-26-306099CSW Industrials, Inc.'s most recent proxy was read; its disclosed peer group does not include Limbach Holdings. Filing ↗