---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-102062"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2024-09-23T23:59:59+00:00"
generated_at: "2026-05-31T02:27:08.450522+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# CEO Kenny Young exits B. Riley consulting; new direct pact pays $800k/yr + $800k signing bonus

## Summary
- BRPI Consulting Agreement with B. Riley affiliate terminated effective Sept 20, 2024; Young remains CEO and Chairman.
- Entered Independent Contractor Agreement with OpenSky LLC (Young's wholly-owned entity) through Dec 31, 2028.
- Annual consulting fee of $800,000 paid monthly; signing bonus of $800,000 with pro-rata clawback if terminated for cause or voluntary within 3 years.
- If company terminates without cause, must continue paying consulting fee for remainder of original term through 2028.
- Young receives D&O indemnification and coverage under company's liability insurance for 6 years post-termination.

## SEC filing metadata
- accession: 0001104659-24-102062
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2024-09-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465924102062/0001104659-24-102062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465924102062/tm2424518d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-102062
- JSON: https://secwatch.observer/filing/0001104659-24-102062.json
- Plain text: https://secwatch.observer/filing/0001104659-24-102062.txt

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