---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-22-000087"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2022-09-01T23:59:59+00:00"
generated_at: "2026-06-23T18:16:00.322551+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866273-22-000087
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2022-09-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866273/000086627322000087/0000866273-22-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627322000087/mtrx-20220831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-22-000087
- JSON: https://secwatch.observer/filing/0000866273-22-000087.json
- Plain text: https://secwatch.observer/filing/0000866273-22-000087.txt

## Key facts
- Executive change
  Shawn P. Payne was appointed as President – Matrix Service at MATRIX SERVICE CO.
  - Action: promoted
  - Role: President – Matrix Service
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866273/000086627322000087/0000866273-22-000087-index.htm
- Executive change
  Bradley J. Rinehart departed as President – Matrix Service Inc. at MATRIX SERVICE CO.
  - Action: departed
  - Role: President – Matrix Service Inc.
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866273/000086627322000087/0000866273-22-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.