secwatch.observer — SEC 8-K summary
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Issuer:     PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)
CIK:        0000891532
Form:       8-K
Filed at:   2022-01-25T23:59:59+00:00
Accession:  0001493152-22-002198
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perma-Fix extends stock option milestones for consultant; approves 2022 exec compensation plans
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- Third amendment extends 2,000-gallon milestone to Dec 31, 2022 and 50,000-gallon milestone to Dec 31, 2023.
- Base pay for CEO Mark Duff set at $374,870; CFO Ben Naccarato at $304,772; other EVPs also increased ~6.4%.
- No performance bonuses paid for 2021; 2022 MIP targets include Revenue, EBITDA, Health & Safety, Permits & Licenses.
- 2022 MIP payout ranges 25%-150% of base salary; total exec bonuses capped at 50% of pre-tax net income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891532/000149315222002198/0001493152-22-002198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891532/000149315222002198/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-002198

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer