secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0000866273-22-000087
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000087/0000866273-22-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000087/mtrx-20220831.htm
  HTML page:      https://secwatch.observer/filing/0000866273-22-000087

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