Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 175

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 175
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 long as it and its affiliates 116

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

collectively beneficially own at least 50% of the voting power of our capital stock entitled to vote generally in the election of directors. When Blackstone and its affiliates collectively
beneficially own less than 50% but at least 20% of the voting power of our capital stock entitled to vote generally in the election of directors, they will have the right to generally designate or nominate a proportional number of directors to our
board of directors. When Blackstone and its affiliates collectively beneficially own less than 20% but at least 5% of the voting power of our capital stock entitled to vote generally in the election of directors, they will have the right to
designate or nominate one director to our board of directors.

In evaluating director candidate’s qualifications, we will assess
whether a candidate possesses the integrity, judgment, knowledge, experience, skills and expertise that are likely to enhance our ability to manage and direct our affairs and business, including the ability of our board of directors’
committees. Our directors hold office until the earlier of their death, resignation, retirement, disqualification or removal or until their successors have been duly elected and qualified.

Status as a Controlled Company

Because Blackstone will own over a majority of our outstanding Common Stock following the completion of this offering, we expect to be a
controlled company under the Nasdaq corporate governance standards. A controlled company need not comply with the applicable corporate governance rules that its board of directors have a majority of independent directors and independent compensation
and nominating and governance committees. Notwithstanding our status as a controlled company, we will remain subject to the applicable corporate governance standard that requires us to have an audit committee composed entirely of independent
directors. As a result, our audit committee must have at least one independent director by the date our Class A Common Stock is listed on the Nasdaq, as applicable, at least two independent directors within 90 days of the listing date and at
least three independent directors within one year of the listing date.

While these exemptions will apply to us as long as we remain a
controlled company, we expect that our board of directors will nonetheless consist of a majority of independent directors within the meaning of the Nasdaq listing standards currently in effect and that we will have independent compensation and
nominating and governance committees.

Committees of the Board of Directors

Upon the