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Integrated electrical services announces name change to IES Holdings

Last updated: 00:38 02 Apr 2016 AEDT, First published: 19:38 01 Apr 2016 AEDT

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The suggestions is still subject to shareholder approval

Integrated Electrical Services, Inc. (NASDAQ:IESC) announced that it is to change its name to IES Holdings, Inc from May 24, 2016.

The suggestion is still subject to shareholder and regulatory approvals, with the company filing a preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC) announcing a special shareholder meeting on May 24, 2016.

Shareholders will be asked to approve the name change at this meeting.

If the name change is approved, the Company will retain its ticker symbol of IESC on the NASDAQ stock exchange.

The preliminary proxy statement is subject to review by the SEC. and a definitive proxy statement will be made available to investors following the review. 

Robert Lewey, President of IES, said: “Our new name is intended to better reflect our ongoing, long-term strategy of serving as a holding company that owns and manages diverse businesses.”

He adds that the company will continue "investing in our existing business segments, acquiring companies that strategically fit within our existing business segments, and acquiring or investing in stand-alone platform companies."

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