Form 8-K Filing - Matrix Service Company

Matrix Service Company is reporting organizational changes following the appointment of Shawn P. Payne as CEO. Kevin S. Cavanah, VP of Finance and CFO, will step down on a date determined by the filing of the company's annual report or termination without cause, facilitating an orderly transition. He will receive a $771,000 payment, 18 months of COBRA, and accelerated vesting of certain stock and performance units. Nancy E. Austin, Chief Administrative Officer, will also step down on May 7, 2026. She will receive a $608,345 payment, 18 months of COBRA, and accelerated vesting of certain stock and performance units. The company will redistribute the responsibilities of the Chief Administrative Officer role.