Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 182

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 182
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 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 conclusion of this offering, we intend to have an audit committee, a compensation committee and a nominating and corporate governance committee of our board of directors, and we may have such other committees as the board of directors shall determine from time to time. We anticipate that each of the standing committees of the board of directors will have the composition and responsibilities described below. Audit Committee We will establish an audit committee prior to the completion of this offering. Following completion of this offering, our audit committee will consist of , who will serve as the chairman. As required by the rules of the SEC and listing standards of the Nasdaq, the audit committee will consist solely of independent directors, subject to the phase-inexceptions. Those rules permit us to have an audit committee that has one independent member at the date our Class A Common Stock is first listed on the Nasdaq, a majority of independent members within 90 days thereafter and all independent members within one year thereafter. The SEC rules also require that a public company disclose whether or not its audit committee has an “audit committee financial expert,” which is defined as a person whose experience yields the attributes outlined in such rules. will satisfy this requirement. This committee will oversee, review, act on and report on various auditing and accounting matters to our board of directors, including: the selection of our independent accountants, the scope of our annual audits, fees to 131

be paid to them, their performance and our accounting practices. In addition, the audit committee will oversee our compliance programs relating to legal and regulatory requirements. We expect to
adopt an audit committee charter defining the committee’s primary duties in a manner consistent with the rules of the SEC and applicable stock exchange or market standards, including SOX.

Compensation Committee

We will
establish a compensation committee prior to the completion of this offering. Following completion of this offering, our compensation committee will consist of , and
, and will serve as the chairman. As required by the rules of the SEC and listing standards of the Nasdaq, the compensation committee will consist solely of independent directors, subject to
the phase-in exceptions. Those rules permit