Recent Updates — MTRX

Matrix Service Company appointed Dominic A. Savarino as Senior Vice President and Chief Financial Officer, effective November 6, 2026. Mr. Savarino brings prior experience as CFO at Diamond Offshore Drilling and executive roles at McDermott International and Baker Hughes. His compensation package includes a $500,000 annual base salary, a target bonus of up to 150% of base, an annual equity grant equal to 140% of base starting in August 2027, and a special one-time equity grant valued at $450,000. The company operates as a heavy industrial contractor engineering, constructing, and maintaining critical energy, power, and industrial infrastructure.

Matrix Service Company's Board of Directors elected Shawn P. Payne as a Director effective July 1, 2026. This election follows his appointment as President and Chief Executive Officer. Mr. Payne will also serve on the Project Risk Committee and chair the Strategy Committee. No changes to his compensation were made due to this election. Matrix Service Company provides specialized services to the energy and industrial sectors.