Matrix Service subsidiary president Brad Rinehart departs; Shawn Payne appointed as successor

MATRIX SERVICE CO

Rinehart, President of Matrix Service Inc. (subsidiary), departed Aug 31, 2022 after 34 years of service.
Cash severance of 1.5X base salary; RSUs and pro-rated PSUs continue vesting subject to performance metrics.
Shawn P. Payne promoted to President of Matrix Service Inc., effective Sept 1, 2022.
Payne joined Matrix in 2012, led minerals/mining entry; most recently SVP Operations.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Shawn P. Payne

President – Matrix Service

MTRX · MATRIX SERVICE CO

Effective: 2022-09-01
Filed: September 1, 2022, 7:59 PM ET

In connection with Mr. Rinehart’s departure and as part of a succession planning, Matrix Service has promoted Shawn P. Payne to President – Matrix Service, effective September 1, 2022.

Departed

Bradley J. Rinehart

President – Matrix Service Inc.

MTRX · MATRIX SERVICE CO

Effective: 2022-08-31
Successor: Shawn P. Payne
Filed: September 1, 2022, 7:59 PM ET

Effective August 31, 2022, Mr. Bradley J. Rinehart, President – Matrix Service Inc. (“Matrix Service”), a wholly-owned subsidiary of Matrix Service Company, Inc. (the "Company"), will no longer be employed by Matrix Service.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shawn P. Payne was appointed as President – Matrix Service at MATRIX SERVICE CO.

Action: promoted
Role: President – Matrix Service

Exact text from the filing

In connection with Mr. Rinehart’s departure and as part of a succession planning, Matrix Service has promoted Shawn P. Payne to President – Matrix Service, effective September 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bradley J. Rinehart departed as President – Matrix Service Inc. at MATRIX SERVICE CO.

Action: departed
Role: President – Matrix Service Inc.

Exact text from the filing

Effective August 31, 2022, Mr. Bradley J. Rinehart, President – Matrix Service Inc. (“Matrix Service”), a wholly-owned subsidiary of Matrix Service Company, Inc. (the "Company"), will no longer be employed by Matrix Service.

View on SEC.gov

MATRIX SERVICE CO filing history →

Source: SEC EDGAR

accession 0000866273-22-000087

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