secwatch.observer — SEC 8-K summary
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Issuer:     PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)
CIK:        0000891532
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001493152-23-002149
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perma-Fix approves 2023 MIPs and grants ISOs to five executives
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- CEO Mark Duff: base salary $374,870, target bonus $187,435 (50% of base); max payout $562,304 at >150% target.
- CFO Ben Naccarato: base $304,772; target bonus $152,386; max $304,772.
- ISO grants: CEO 70,000 shares; CFO 40,000; three EVPs 30,000 each at $3.95 strike, 6-year term, 5-year vest.
- MIP performance metrics include revenue, EBITDA, health/safety, permit violations; EBITDA threshold requires 75% minimum.
- Specific revenue and EBITDA targets redacted as confidential competitive information.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891532/000149315223002149/0001493152-23-002149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891532/000149315223002149/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-002149

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