---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-26-000020"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:23:54.972773+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866273-26-000020
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866273/000086627326000020/0000866273-26-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627326000020/mtrx-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-26-000020
- JSON: https://secwatch.observer/filing/0000866273-26-000020.json
- Plain text: https://secwatch.observer/filing/0000866273-26-000020.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866273/000086627326000020/0000866273-26-000020-index.htm
- Executive change
  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
  source text: Ms. Austin will step down as Vice President and Chief Administrative Officer of the Company effective as of May 7, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866273/000086627326000020/0000866273-26-000020-index.htm

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