{"schema_version":"secwatch.filing_event.v1","accession":"0000866273-25-000022","form_type":"8-K","ticker":"MTRX","cik":"0000866273","company_name":"MATRIX SERVICE CO","filed_at":"2025-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.509411+00:00","generated_at":"2026-05-22T23:23:16.814617+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Matrix Service promotes Shawn Payne to President Engineering & Construction; COO Updyke and PDM President Rodgers depart","bullets":["Shawn P. Payne promoted to newly created President Engineering & Construction role, effective May 5, 2025; oversees operating subsidiaries and client services.","Alan R. Updyke, COO, and Glyn A. Rodgers, President of Matrix PDM Engineering, left the company effective April 30, 2025.","Departures are not related to any dispute or disagreement over operations, policies, or practices.","Each departing executive offered cash severance of 1.5x base salary, continued vesting of RSUs/PPSUs, and 12 months COBRA coverage."],"urls":{"canonical":"https://secwatch.observer/filing/0000866273-25-000022","json":"https://secwatch.observer/filing/0000866273-25-000022.json","markdown":"https://secwatch.observer/filing/0000866273-25-000022.md","text":"https://secwatch.observer/filing/0000866273-25-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866273/000086627325000022/0000866273-25-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866273/000086627325000022/mtrx-20250430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T23:23:16.814617+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4ef68f0e9b","claim":"Alan R. Updyke departed as Chief Operating Officer at MATRIX SERVICE CO.","evidence_excerpt":"In connection with this and other organizational changes, effective April 30, 2025, Mr. Alan R. Updyke, Chief Operating Officer of Matrix Service Company and Mr. Glyn A. Rodgers, President of Matrix PDM Engineering, Inc., a wholly owned subsidiary of Matrix will no longer be employed with the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866273/000086627325000022/0000866273-25-000022-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"no longer employed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"95359b18e8","claim":"Glyn A. Rodgers departed as President of Matrix PDM Engineering at MATRIX SERVICE CO.","evidence_excerpt":"In connection with this and other organizational changes, effective April 30, 2025, Mr. Alan R. Updyke, Chief Operating Officer of Matrix Service Company and Mr. Glyn A. Rodgers, President of Matrix PDM Engineering, Inc., a wholly owned subsidiary of Matrix will no longer be employed with the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866273/000086627325000022/0000866273-25-000022-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"no longer employed"},{"label":"Role","value":"President of Matrix PDM Engineering"}],"fact_type":"executive_change"},{"claim_id":"a59c60ddbd","claim":"Shawn P. Payne changed role as President Engineering & Construction at MATRIX SERVICE CO.","evidence_excerpt":"Mr. Shawn P. Payne has been promoted to the newly created position of President Engineering & Construction, Matrix Service Company, effective May 5, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866273/000086627325000022/0000866273-25-000022-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"President Engineering & Construction"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}