Matrix Service CFO and CAO to depart; Cavanah gets $771K separation package

MATRIX SERVICE CO

Kevin Cavanah to step down as CFO after filing of FY2026 10-K; external search underway for Houston-based successor.
Nancy Austin to depart as CAO effective May 7, 2026; role responsibilities redistributed to other executives.
Cavanah receives $771K lump sum, 18 months COBRA, full vesting of RSUs and pro-rata performance units.
Austin receives $608K lump sum, 18 months COBRA, vesting of 20,368 RSUs and performance units.
Departures are part of broader changes following Shawn Payne's appointment as CEO effective July 1, 2026.

item 5.02

Executive movements

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

Departed

Kevin S. Cavanah

Vice President of Finance and Chief Financial Officer

MTRX · MATRIX SERVICE CO

Filed: April 30, 2026, 7:59 PM ET

Kevin S. Cavanah, Vice President of Finance and Chief Financial Officer, and Nancy E. Austin, Chief Administrative Officer, will step down from their respective positions on the terms substantially as described below.

Departed

Nancy E. Austin

Vice President and Chief Administrative Officer

MTRX · MATRIX SERVICE CO

Effective: 2026-05-07
Filed: April 30, 2026, 7:59 PM ET

Ms. Austin will step down as Vice President and Chief Administrative Officer of the Company effective as of May 7, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin S. Cavanah departed as Vice President of Finance and Chief Financial Officer at MATRIX SERVICE CO.

Action: will step down
Role: Vice President of Finance and Chief Financial Officer

Exact text from the filing

Kevin S. Cavanah, Vice President of Finance and Chief Financial Officer, and Nancy E. Austin, Chief Administrative Officer, will step down from their respective positions on the terms substantially as described below.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nancy E. Austin departed as Vice President and Chief Administrative Officer at MATRIX SERVICE CO.

Action: will step down
Role: Vice President and Chief Administrative Officer

Exact text from the filing

Ms. Austin will step down as Vice President and Chief Administrative Officer of the Company effective as of May 7, 2026.

View on SEC.gov

MATRIX SERVICE CO filing history →

Source: SEC EDGAR

accession 0000866273-26-000020

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