secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0000866273-22-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Matrix Service enters $37.6M agreement to sell Orange CA facilities, lease back up to 24 months
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- Purchase and Sale Agreement for Orange CA facilities with $37.6M purchase price, closing June 22, 2022.
- After closing, Matrix Service will lease back facilities for 15 months with option to extend up to 24 months total.
- Sale driven by increased Southern California real estate market and favorable tax treatment.
- Company plans to relocate west coast operations to new facility within lease period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000032/0000866273-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000032/mtrx-20220613.htm
  HTML page:      https://secwatch.observer/filing/0000866273-22-000032

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