other material
confidence high
sentiment neutral
materiality 0.60
Enviri supplements proxy for Clean Earth sale; adds deal process, forecasts, and CEO plans
ENVIRI Corp
- Shareholder lawsuits filed in NY state court alleging omission of material info in proxy; corporation denies merit but voluntarily supplements.
- Supplemental disclosures include: Neuberger Berman cooperation agreement influencing director nomination but not sale process.
- Enviri engaged Jefferies as financial advisor with ~$19.5M fee contingent on deal completion; BofA fee corrected to ~$45M.
- Mr. Hochman appointed President/COO effective Nov 2025 and will become CEO of New Enviri post-separation.
- Clean Earth revenue forecast: $1.05B (2026) to $1.42B (2030); Adjusted EBITDA $201M to $331M.