<html>

<head>
<!-- Document Prepared With EDGARSTAR Software-->
<!-- Copyright 2007 EDGARSTAR TRADEMARK-->
<!-- All rights reserved EDGAR2.com -->



<title>Form 8-K IESC</title>



</head>

<body lang=EN-US link=blue vlink=purple>

<div style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 1.0pt 0in'>
	<p style='margin-bottom:.0001pt;text-align:justify;border:medium none;padding:0in; margin-left:0in; margin-right:0in; margin-top:0in'>
	<b>&nbsp;</b></p>
	<p style='margin-bottom:.0001pt;text-align:justify;border:medium none;padding:0in; margin-left:0in; margin-right:0in; margin-top:0in'>
	<b>&nbsp;</b></p></div>
<p style='margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>&nbsp;</b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="4">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="4">WASHINGTON, D.C.&nbsp; 20549</font></b></p>
<p style='margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>&nbsp;</b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="5">FORM 8-K</font></b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>&nbsp;</b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="4">Current Report</font></b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="4">&nbsp;</font></b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="4">Pursuant to Section 13 or 15(d) of the</font></b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="4">&nbsp;</font></b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="4">Securities Exchange Act of 1934</font></b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>Date of Report (Date of earliest event reported): &nbsp;February 21, 2014</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font size="5">Integrated Electrical Services, Inc.</font></b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(Exact name of registrant as specified in Charter)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="100%">
	<tr>
		<td width=213 valign=top style='width:33%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
		<b>Delaware</b></p></td>
		<td width=213 valign=top style='width:34%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>
		<b><font style="font-size: 12.0pt">001-13783</font></b></p></td>
		<td width=213 valign=top style='width:33%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
		<b>76-0542208</b></p></td>
	</tr>
	<tr>
		<td width=213 valign=top style='width:33%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(State or Other Jurisdiction</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>of Incorporation)</p>
		</td>
		<td width=213 valign=top style='width:34%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(Commission</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>File Number)</p>
		</td>
		<td width=213 valign=top style='width:33%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(I.R.S. Employer</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>Identification Number)</p>
		</td>
	</tr>
</table>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>5433 Westheimer Road, Suite 500, Houston, Texas 77056</b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(Address of Principal Executive Offices)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>
<font size="3">Registrant's telephone number, including area code:&nbsp; </font>
<b><font style="font-size: 12.0pt">(713) 860-1500</font></b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>&nbsp;</p>
<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>[&nbsp; ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>[ &nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin-bottom:.0001pt;margin-left:31.5pt;text-indent:-31.5pt; margin-right:0in; margin-top:0in'>[ &nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2 (b))</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;margin-left:31.5pt;text-indent:-31.5pt'>&nbsp;</p>
<p style='margin-bottom:.0001pt;margin-left:31.5pt;text-indent:-31.5pt; margin-right:0in; margin-top:0in'>[ &nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4 (c))</p>
<div style='border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 1.0pt 0in'>
	<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center;border:none;
padding:0in'>&nbsp;</p></div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:8.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:8.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:8.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>
	<hr size=2 width="100%" noshade style='color:navy' align=center></div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>
<font face="Times New Roman,serif">
<p style="page-break-before:always">&nbsp;</p></font>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>
<p style='margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:
-1.0in; margin-right:0in; margin-top:0in'><b>Item
1.01. &nbsp;Entry into a Material Definitive Agreement.</b></p>
<p style='margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:
-1.0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:31.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>On February 21,
2014, Integrated Electrical Services, Inc., a Delaware corporation (&#147;<u>IES</u>&#148;
or the &#147;<u>Company</u>&#148;), entered into a Third Amendment (the &#147;<u>Amendment</u>&#148;)
to that certain Credit and Security Agreement dated August 9, 2012, as amended
by that certain Joinder and First Amendment to Credit and Security Agreement
dated as of February 12, 2013, that certain Joinder Agreement dated as of March
15, 2013, and that certain Joinder and Second Amendment to Credit and Security
Agreement (the &#147;<u>Second Amendment</u>&#148;) dated as of September 13, 2013 (as
amended, the &#147;<u>Credit Facility</u>&#148;), by and among the Company, each of the
other Borrowers and Guarantors named therein and Wells Fargo Bank, National
Association (&#147;<u>Wells Fargo</u>&#148;).</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify;text-indent:31.5pt'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:31.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>The Credit
Facility provides for both a term loan (the &#147;Term Loan&#148;) and a revolving loan
(the &#147;Revolving Loan&#148;) from Wells Fargo to the Company.&nbsp; Pursuant to the
Amendment, Wells Fargo has extended the maturity dates of both the Term Loan
and the Revolving Loan from August 9, 2016 to August 9, 2017.&nbsp; Prior to the extension,
the Company would have been required to make a bullet payment at the maturity
of the Term Loan on August 9, 2016.&nbsp; The extended maturity of the Term Loan
allows the Company to replace that bullet payment with a continuation
of the current monthly principal payments over the extended period, plus
interest due thereon. The Credit Facility, as amended, continues to contain
customary affirmative, negative and financial covenants, including the
requirement that we maintain a Fixed Charge Coverage Ratio (as defined in the
Credit Facility) of not less than 1.0:1.0 at any time that our Liquidity
(defined as the aggregate amount of unrestricted cash and cash equivalents on
hand plus Excess Availability (as defined in the Credit Facility)) or Excess
Availability fall below stipulated levels.&nbsp; Those levels were reduced under the
Amendment from $20 million of Liquidity to $15 million and from $5 million of
Excess Availability to $4 million. After June 30, 2014, the thresholds return
to $20 million of Liquidity and $5 million of Excess Availability. </p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify;text-indent:31.5pt'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:31.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>The Amendment
also decreased interest rates on outstanding Advances (as defined in the Credit
Facility) under the Revolving Loan and amounts outstanding under the Term Loan
by one
percentage point, effective February 1, 2014.&nbsp; Pursuant to the Amendment, amounts
outstanding under the Term Loan bear interest at a per annum rate equal to
Daily Three Month LIBOR (as defined in the Credit Facility), plus 4.00% through
June 30, 2014, and thereafter Daily Three Month LIBOR plus an interest rate
margin, as determined quarterly, based on the following thresholds: </p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:31.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none' width="100%">
	<tr>
		<td width=60 valign=bottom style='width:15%;border:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
		<b>Level</b></p></td>
		<td width=456 valign=bottom style='border-right:1.0pt solid windowtext; border-top:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:70%;border-left:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
		<b>Thresholds</b></p></td>
		<td width=115 valign=bottom style='border-right:1.0pt solid windowtext; border-top:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:15%;border-left:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
		<b>Interest<br>Rate Margin</b></p></td>
	</tr>
	<tr>
		<td width=60 valign=top style='border-left:1.0pt solid windowtext; border-right:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:15%;border-top:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin:6.0pt 0in;margin-bottom:.0001pt;text-align:center; margin-top:6.0pt; margin-right:0in; margin-bottom:6.0pt; margin-left:0in'>I</p>
		</td>
		<td width=456 valign=top style='width:70%;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>Liquidity&nbsp;
  &#8804; $20.0 million at any time during the period; or<br>Excess Availability &#8804; $7.5 million at any time during the period; or<br>Fixed Charge Coverage Ratio &lt; 1.0:1.0</p>
		</td>
		<td width=115 valign=top style='width:15%;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>4.00</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>percentage</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>points</p>
		</td>
	</tr>
	<tr>
		<td width=60 valign=top style='border-left:1.0pt solid windowtext; border-right:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:15%;border-top:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin:6.0pt 0in;margin-bottom:.0001pt;text-align:center; margin-top:6.0pt; margin-right:0in; margin-bottom:6.0pt; margin-left:0in'>II</p>
		</td>
		<td width=456 valign=top style='width:70%;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>Liquidity
  &gt; $20.0 million at all times during the period; and<br>Liquidity &#8804; $30.0 million at any time during the period; and<br>Excess Availability &gt; $7.5 million at all times during the period; and<br>Fixed Charge Coverage Ratio &#8805; 1.0:1.0</p>
		</td>
		<td width=115 valign=top style='width:15%;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>3.50</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>percentage</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>points</p>
		</td>
	</tr>
	<tr>
		<td width=60 valign=top style='border-left:1.0pt solid windowtext; border-right:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:15%;border-top:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin:6.0pt 0in;margin-bottom:.0001pt;text-align:center; margin-top:6.0pt; margin-right:0in; margin-bottom:6.0pt; margin-left:0in'>III</p>
		</td>
		<td width=456 valign=top style='width:70%;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>Liquidity
  &gt; $30.0 million at all times during the period; and<br>Excess Availability
		&gt; $7.5 million at all times during the period; and<br>Fixed Charge Coverage Ratio &#8805; 1.0:1.0</p>
		</td>
		<td width=115 valign=top style='width:15%;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>3.00</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>percentage</p>
		<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>points</p>
		</td>
	</tr>
</table>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:31.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>
	<hr size=2 width="100%" noshade style='color:navy' align=center></div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>
<font face="Times New Roman,serif">
<p style="page-break-before:always">&nbsp;</p></font>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>Pursuant to the
Amendment, Advances under the Revolving Loan bear interest at a per annum rate
equal to Daily Three Month LIBOR plus 3.00% through June 30, 2014, and
thereafter Daily Three Month LIBOR plus an interest rate margin of between
3.00% and 2.00%, as determined quarterly, based on the thresholds set forth
above. &nbsp;No Advances are outstanding as of February 25, 2014. &nbsp;The Amendment
also amended the dates on which termination and prepayment fees are payable by
the Company by providing for liquidated damages of 2.00% for any termination,
reduction or prepayment occurring on or before February 28, 2015 and 1.00%
thereafter, as compared to the previous requirement of 2.00% prior to the first
anniversary of the date of the first Advance and 1.00% thereafter.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify;text-indent:.5in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>The foregoing
description of the Amendment does not purport to be complete and is qualified
in its entirety by reference to the Amendment, which is attached hereto as
Exhibit 10.1 and
incorporated herein by reference.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify;text-indent:.5in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>Item 2.03. &nbsp;Creation of a Direct
Financial Obligation.</b></p>
<p style='margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>&nbsp;</b></p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>The information
set forth under Item 1.01 above is hereby incorporated by reference into this Item
2.03.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>
<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>Item
7.01. &nbsp;Regulation FD Disclosure.</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>On February 25,
2014, the Company issued a press release announcing the Amendment. The press
release is furnished herewith as Exhibit 99.1. </p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>
	<hr size=2 width="100%" noshade style='color:navy' align=center></div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>
<font face="Times New Roman,serif">
<p style="page-break-before:always">&nbsp;</p></font>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements
and Exhibits.</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>
<p style='margin-bottom:.0001pt;margin-bottom:12.0pt;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.<br>
&nbsp;</p>
<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse' width="100%">
	<tr>
		<td width=145 valign=top style='border-bottom:1px solid #000000; width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium' nowrap>
		<p style='mso-style-name:"List Bullet 3\,Style 19";margin:0in;margin-bottom:.0001pt;text-align:center;border:none;padding:0in;font-size:10.0pt;font-family:"Times New Roman","serif";page-break-after:avoid'>
		<b><font style="font-size: 12.0pt">Exhibit Number</font></b></p></td>
		<td width=467 valign=top style='border-bottom:1px solid #000000; width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium'>
		<p style='mso-style-name:"List Bullet 3\,Style 19";margin:0in;margin-bottom:.0001pt;text-align:center;border:none;padding:0in;font-size:10.0pt;font-family:"Times New Roman","serif";page-break-after:avoid'>
		<b><font style="font-size: 12.0pt">Description</font></b></p></td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium' valign="top">&nbsp;</td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium'>&nbsp;</td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium' valign="top">
		<p style='margin-right:0in; margin-left:0in'>Exhibit
  10.1</p></td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium'>
		<p style='text-align:justify; margin-right:0in; margin-left:0in'>Third Amendment to Credit and Security
  Agreement, dated February 21, 2014, by and among the Company, each of the
  other Borrowers and Guarantors named therein and Wells Fargo Bank, National
  Association.</p></td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium' valign="top">&nbsp;</td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium'>&nbsp;</td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' valign="top">
		<p style='margin-right:0in; margin-left:0in'>Exhibit
  99.1</p></td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='text-align:justify; margin-right:0in; margin-left:0in'>Press release dated February 25, 2014.</p>
		</td>
	</tr>
</table>
<p style='margin-bottom:.0001pt;margin-bottom:12.0pt;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>
	<hr size=2 width="100%" noshade style='color:navy' align=center></div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>

<div style='page:WordSection2;'>

<font face="Times New Roman,serif">
<p style="page-break-before:always">&nbsp;</p></font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>SIGNATURES</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>

<table border="0" width="100%">
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;text-align:justify;margin-top:0in'><b>INTEGRATED ELECTRICAL
SERVICES, INC.</b></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-size:10.0pt;text-align:justify; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-size:10.0pt;text-align:justify; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="50%">Date:&nbsp; February 25, 2014 </td>
		<td width="50%">

<p style='margin-bottom:.0001pt;text-align:justify; margin-top:0in'>
/s/ <u>Gail
D. Makode&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;text-align:justify; margin-top:0in'>Gail
D. Makode</p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;text-align:justify; margin-top:0in'>Senior
Vice President and General Counsel</p>

		</td>
	</tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>

</div>

<font face="Times New Roman,serif">
<p style="page-break-before:always">&nbsp;</p></font>
<div style='page:WordSection3;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>EXHIBIT INDEX</b></p>
<p style='margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse' width="100%">
	<tr>
		<td width=145 valign=top style='border-bottom:1px solid #000000; width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium' nowrap>
		<p style='mso-style-name:"List Bullet 3\,Style 19";margin:0in;margin-bottom:.0001pt;text-align:center;border:none;padding:0in;font-size:10.0pt;font-family:"Times New Roman","serif";page-break-after:avoid'>
		<b><font style="font-size: 12.0pt">Exhibit Number</font></b></p></td>
		<td width=467 valign=top style='border-bottom:1px solid #000000; width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium'>
		<p style='mso-style-name:"List Bullet 3\,Style 19";margin:0in;margin-bottom:.0001pt;text-align:center;border:none;padding:0in;font-size:10.0pt;font-family:"Times New Roman","serif";page-break-after:avoid'>
		<b><font style="font-size: 12.0pt">Description</font></b></p></td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium' valign="top" nowrap>&nbsp;</td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium'>&nbsp;</td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium' valign="top">
		<p style='margin-right:0in; margin-left:0in'>Exhibit
  10.1</p></td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium'>
		<p style='text-align:justify; margin-right:0in; margin-left:0in'>Third Amendment to Credit and Security
  Agreement, dated February 21, 2014, by and among the Company, each of the
  other Borrowers and Guarantors named therein and Wells Fargo Bank, National
  Association.</p></td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium' valign="top">&nbsp;</td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in; border-top-style:none; border-top-width:medium'>&nbsp;</td>
	</tr>
	<tr>
		<td width=145 style='width:15%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' valign="top">
		<p style='margin-right:0in; margin-left:0in'>Exhibit
  99.1</p></td>
		<td width=467 valign=top style='width:85%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
		<p style='text-align:justify; margin-right:0in; margin-left:0in'>Press release dated February 25, 2014.</p>
		</td>
	</tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;'>&nbsp;</p>

</div>

</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "es8k225.htm", "secsgml_size_bytes": 37352}]
{"company-data": {"conformed-name": "INTEGRATED ELECTRICAL SERVICES INC", "cik": "0001048268", "assigned-sic": "1731", "irs-number": "760542208", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13783", "film-number": "14638875"}, "business-address": {"street1": "5433 WESTHEIMER", "street2": "SUITE 500", "city": "HOUSTON", "state": "TX", "zip": "77056", "phone": "7138601500"}, "mail-address": {"street1": "5433 WESTHEIMER", "street2": "SUITE 500", "city": "HOUSTON", "state": "TX", "zip": "77056"}}
Form 8-K IESC
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  February 21, 2014
Integrated Electrical Services, Inc.
(Exact name of registrant as specified in Charter)
Delaware
001-13783
76-0542208
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
5433 Westheimer Road, Suite 500, Houston, Texas 77056
(Address of Principal Executive Offices)
Registrant's telephone number, including area code:
(713) 860-1500
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[  ]      Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[  ]      Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
[  ]      Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2 (b))
[  ]      Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4 (c))
Item
1.01.  Entry into a Material Definitive Agreement.
On February 21,
2014, Integrated Electrical Services, Inc., a Delaware corporation ("
IES
"
or the "
Company
"), entered into a Third Amendment (the "
Amendment
")
to that certain Credit and Security Agreement dated August 9, 2012, as amended
by that certain Joinder and First Amendment to Credit and Security Agreement
dated as of February 12, 2013, that certain Joinder Agreement dated as of March
15, 2013, and that certain Joinder and Second Amendment to Credit and Security
Agreement (the "
Second Amendment
") dated as of September 13, 2013 (as
amended, the "
Credit Facility
"), by and among the Company, each of the
other Borrowers and Guarantors named therein and Wells Fargo Bank, National
Association ("
Wells Fargo
").
The Credit
Facility provides for both a term loan (the "Term Loan") and a revolving loan
(the "Revolving Loan") from Wells Fargo to the Company.  Pursuant to the
Amendment, Wells Fargo has extended the maturity dates of both the Term Loan
and the Revolving Loan from August 9, 2016 to August 9, 2017.  Prior to the extension,
the Company would have been required to make a bullet payment at the maturity
of the Term Loan on August 9, 2016.  The extended maturity of the Term Loan
allows the Company to replace that bullet payment with a continuation
of the current monthly principal payments over the extended period, plus
interest due thereon. The Credit Facility, as amended, continues to contain
customary affirmative, negative and financial covenants, including the
requirement that we maintain a Fixed Charge Coverage Ratio (as defined in the
Credit Facility) of not less than 1.0:1.0 at any time that our Liquidity
(defined as the aggregate amount of unrestricted cash and cash equivalents on
hand plus Excess Availability (as defined in the Credit Facility)) or Excess
Availability fall below stipulated levels.  Those levels were reduced under the
Amendment from $20 million of Liquidity to $15 million and from $5 million of
Excess Availability to $4 million. After June 30, 2014, the thresholds return
to $20 million of Liquidity and $5 million of Excess Availability.
The Amendment
also decreased interest rates on outstanding Advances (as defined in the Credit
Facility) under the Revolving Loan and amounts outstanding under the Term Loan
by one
percentage point, effective February 1, 2014.  Pursuant to the Amendment, amounts
outstanding under the Term Loan bear interest at a per annum rate equal to
Daily Three Month LIBOR (as defined in the Credit Facility), plus 4.00% through
June 30, 2014, and thereafter Daily Three Month LIBOR plus an interest rate
margin, as determined quarterly, based on the following thresholds:
Level
Thresholds
Interest
Rate Margin
I
Liquidity 
  ≤ $20.0 million at any time during the period; or
Excess Availability ≤ $7.5 million at any time during the period; or
Fixed Charge Coverage Ratio < 1.0:1.0
4.00
percentage
points
II
Liquidity
  > $20.0 million at all times during the period; and
Liquidity ≤ $30.0 million at any time during the period; and
Excess Availability > $7.5 million at all times during the period; and
Fixed Charge Coverage Ratio ≥ 1.0:1.0
3.50
percentage
points
III
Liquidity
  > $30.0 million at all times during the period; and
Excess Availability
		> $7.5 million at all times during the period; and
Fixed Charge Coverage Ratio ≥ 1.0:1.0
3.00
percentage
points
Pursuant to the
Amendment, Advances under the Revolving Loan bear interest at a per annum rate
equal to Daily Three Month LIBOR plus 3.00% through June 30, 2014, and
thereafter Daily Three Month LIBOR plus an interest rate margin of between
3.00% and 2.00%, as determined quarterly, based on the thresholds set forth
above.  No Advances are outstanding as of February 25, 2014.  The Amendment
also amended the dates on which termination and prepayment fees are payable by
the Company by providing for liquidated damages of 2.00% for any termination,
reduction or prepayment occurring on or before February 28, 2015 and 1.00%
thereafter, as compared to the previous requirement of 2.00% prior to the first
anniversary of the date of the first Advance and 1.00% thereafter.
The foregoing
description of the Amendment does not purport to be complete and is qualified
in its entirety by reference to the Amendment, which is attached hereto as
Exhibit 10.1 and
incorporated herein by reference.
Item 2.03.  Creation of a Direct
Financial Obligation.
The information
set forth under Item 1.01 above is hereby incorporated by reference into this Item
2.03.
Item
7.01.  Regulation FD Disclosure.
On February 25,
2014, the Company issued a press release announcing the Amendment. The press
release is furnished herewith as Exhibit 99.1.
Item 9.01.       Financial Statements
and Exhibits.
(d)       Exhibits.
Exhibit Number
Description
Exhibit
  10.1
Third Amendment to Credit and Security
  Agreement, dated February 21, 2014, by and among the Company, each of the
  other Borrowers and Guarantors named therein and Wells Fargo Bank, National
  Association.
Exhibit
  99.1
Press release dated February 25, 2014.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
INTEGRATED ELECTRICAL
SERVICES, INC.
Date:  February 25, 2014
/s/
Gail
D. Makode
Gail
D. Makode
Senior
Vice President and General Counsel
EXHIBIT INDEX
Exhibit Number
Description
Exhibit
  10.1
Third Amendment to Credit and Security
  Agreement, dated February 21, 2014, by and among the Company, each of the
  other Borrowers and Guarantors named therein and Wells Fargo Bank, National
  Association.
Exhibit
  99.1
Press release dated February 25, 2014.