DLH Holdings Corp. filed a Current Report on Form 8-K detailing the separation agreement and subsequent advisory and consulting agreements with former President and CEO Zachary C. Parker, whose employment ended effective June 30, 2026. Under the Separation Agreement, Mr. Parker receives accrued benefits, COBRA continuation for 18 months, and retention of certain unvested Restricted Stock Units (RSUs). The Advisory Services Agreement, effective July 1, 2026, through September 30, 2026, requires an aggregate cash fee of $187,550 paid in three monthly installments to Z Parker Enterprises LLC for transition support. The Consulting Services Agreement, effective October 1, 2026, through September 30, 2027, grants Mr. Parker 142,857 RSUs valued at $750,000 and 19,047 performance-based RSUs (PSUs) valued at $100,000, with specific vesting schedules and a stock price floor provision of $5.25 for the RSUs. DLH Holdings Corp. operates in the information technology sector, providing managed services and solutions to government and commercial clients.

DLH Holdings Corp. announced fiscal third-quarter results ended June 30, 2026, reporting a net loss of $16.8 million and diluted earnings per share of $(1.16), compared to net income of $0.3 million in the prior year period. Revenue declined 46.9% year-over-year to $44.2 million due to the transition of legacy programs to small-business set-aside contractors, resulting in an operating loss of $3.9 million. The company delivered Adjusted EBITDA of $3.4 million (7.6% margin) and generated $4.2 million in free cash flow while reducing total debt by $4 million to $128.7 million. Management announced the appointment of Kathryn JohnBull as President and CEO, succeeding Zach Parker who retired at the end of the quarter. DLH Holdings Corp. operates in the technology services industry, providing digital transformation, cybersecurity, systems engineering, and science research and development solutions primarily for federal government customers.

Zachary C. Parker resigned as President and CEO, effective June 30, 2026, and will transition to a non-employee director role. Kathryn M. JohnBull, formerly the CFO, was appointed President and CEO effective July 1, 2026, with a base salary of $600,000 and a 100% target incentive bonus. Steven V. Oroho, Jr. was appointed as the new CFO and Treasurer effective July 1, 2026, with a base salary of $340,000. DLH Holdings Corp. provides professional services to government and commercial clients in various sectors.

DLH Holdings Corp. entered into a Second Amendment to its Secured Credit Agreement with a syndicate of lenders, including First National Bank of Pennsylvania, and modified several financial covenants and definitions. The amendment modifies the definition of Consolidated EBITDA to include specific restructuring and lease termination costs and up to $3,000,000 in pro forma net income from new material contract awards. Total Funded Debt will now exclude undrawn Letters of Credit related to the VA's Consolidated Mail Outpatient Pharmacy program. Financial covenant thresholds for the total leverage ratio and fixed charge coverage ratio have been adjusted for the second and third quarters of 2026. DLH Holdings Corp. provides services in the healthcare and government services sectors.