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Get filing alertsCenturi appoints former Dycom CEO Steven Nielsen to expanded Board of Directors
Filed March 20, 2026 · Period ending March 20, 2026 · ~1 min read
Key Changes
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high
Steven E. Nielsen, who led Dycom Industries for 25 years and grew it from under $200M to over $4.5B in revenue, joins Centuri's Board effective March 20, 2026. His deep infrastructure services experience directly aligns with Centuri's core business.
Item 5.02 verify on EDGAR → -
medium
Board expanded from 8 to 9 members to accommodate Nielsen's appointment. The new seat was filled immediately, signaling strategic urgency in adding this particular expertise.
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Shareholders have until March 30, 2026 to submit nominations for the newly created ninth Board seat at the 2026 Annual Meeting, though Nielsen already occupies it.
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Nielsen receives standard non-employee director compensation with no special arrangements, as outlined in the March 2025 proxy statement.
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Summary
Centuri Holdings strengthened its Board by adding Steven E. Nielsen, the former Chairman and CEO of Dycom Industries who transformed that company into a $4.5 billion infrastructure services leader over 25 years. The Board expanded from 8 to 9 seats specifically to bring Nielsen aboard, suggesting management views his expertise as strategically important for Centuri's growth trajectory.
For retail investors, this appointment signals potential ambitions for significant scaling. Nielsen's track record of growing a similar infrastructure services business by more than 20x could indicate Centuri is positioning for aggressive expansion or operational improvements. His experience navigating the utility infrastructure sector through multiple business cycles adds valuable perspective to Board oversight.
Watch for Nielsen's committee assignments in upcoming proxy materials—whether he joins audit, compensation, or strategy committees will reveal where management expects his impact. Also monitor whether Centuri announces any strategic initiatives or capital allocation changes in coming quarters that might reflect Nielsen's influence on Board-level planning.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 20, 2026, the Board of Directors (the “Board”) of Centuri Holdings, Inc. (the “Company”) approved an increase in the size of the Board from eight to nine members and elected Mr. Steven E. Nielsen to fill the vacancy created by such increase, effective immediately.
The Board expanded from 8 to 9 seats and immediately filled the new position with Steven E. Nielsen. This increases Board capacity and brings in experienced leadership from the infrastructure services sector.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
As a result of the increase in the size of the Board from eight to nine members, the deadline for receipt of director nominations submitted pursuant to the Company’s Amended and Restated Bylaws (the “Bylaws”) for consideration at the Company’s 2026 Annual Meeting of Stockholders has been extended to the close of business on March 30, 2026, but only with respect to nominations for the new position created by the Board size increase.
Stockholders now have until March 30, 2026 to submit nominations specifically for the newly created ninth Board seat at the 2026 Annual Meeting. This provides shareholders an opportunity to propose alternative candidates for the new position.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 20, 2026, the Company issued a press release announcing the appointment of Steven E. Nielsen to the Board.
Centuri Holdings disclosed the appointment of Steven E. Nielsen to its Board of Directors. The 8-K provides no additional details about Nielsen's background, committee assignments, or compensation, referring investors to the attached press release (Exhibit 99.1) for further information.
Event · Item 9.01 — Financial Statements and Exhibits
Centuri Holdings filed an 8-K attaching a press release dated March 20, 2026; no material business event disclosed in the filing body.
Added in current filing · view on EDGAR →
99.1
Press Release of Centuri Holdings, Inc. dated March 20, 2026.
The company attached a press release dated March 20, 2026 as Exhibit 99.1. The 8-K body does not describe the content of the press release, so the nature of the disclosure cannot be determined from this filing alone.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify