Short answer
MATRIX SERVICE CO (MTRX) filed an 8-K current report with the SEC on April 30, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CFO Kevin Cavanah continues through the earlier of one week after FY2026 10-K filing or termination without Cause.
MATRIX SERVICE CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO Kevin Cavanah continues through the earlier of one week after FY2026 10-K filing or termination without Cause
- Cavanah exit package: $771,000 cash, 18 months COBRA, restricted-unit vesting, and pro rata performance-unit eligibility
- Chief Administrative Officer Nancy Austin departs May 7, 2026, with no replacement planned and duties redistributed
- Austin exit package: $608,345 cash, 18 months COBRA, vesting of 20,368 restricted stock units, and performance-unit eligibility
- Leadership transition adds execution risk as Matrix Service searches externally for a Houston-based CFO alongside incoming CEO Shawn Payne
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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