Matrix Service Company's SEC filings document operating results, governance matters and material events for an engineering and construction contractor serving energy and industrial markets. Its 8-K reports furnish quarterly and full-year financial results, non-GAAP reconciliations, liquidity, debt position, backlog, project awards and revenue guidance.
Proxy and annual-meeting filings describe board elections, director independence, committee structure, audit matters, executive compensation, shareholder voting results and risk oversight. Other current reports record executive departures, transition and separation arrangements, and leadership changes at the company and its Matrix NAC operating subsidiary.
Matrix Service Co (MTRX): Director equity grant reported. A director acquired 7,986 shares of common stock at $0 on 11/04/2025, tied to a restricted stock unit award. The grant will vest 100% on the first anniversary date. Following the transaction, the director beneficially owns 92,078 shares, held directly.
Matrix Service Company (MTRX) reported that a director acquired 7,986 shares of common stock via a restricted stock unit award on 11/04/2025 at a price of $0. The award provides one share per unit and will vest 100% on the first anniversary of the grant.
Following this award, the director beneficially owns 64,288 shares, held directly. This reflects routine equity compensation rather than an open-market purchase.
Matrix Service Company (MTRX) reported a director equity award on a Form 4. On 11/04/2025, the director acquired 7,986 restricted stock units at $0.
The filing states each unit converts into one common share if conditions are met, with 100% vesting on the first anniversary of the grant. Following this award, the director’s beneficial ownership is 55,219 shares, held directly.
Matrix Service Company (MTRX) disclosed a Form 4 showing a director acquired 7,986 shares of common stock on 11/04/2025 at $0, tied to a restricted stock unit (RSU) grant. The filing notes each RSU converts into one share when conditions are met, with 100% vesting on the first anniversary of the grant. Following the transaction, the director beneficially owned 86,039 shares, held directly.
Matrix Service Company (MTRX) director reported an equity award. On 11/04/2025, the reporting person acquired 7,986 shares of common stock at $0, reflecting a grant of restricted stock units. Each unit entitles the holder to one share if the restriction conditions are satisfied, with 100% vesting on the first anniversary of the grant.
Following this transaction, the reporting person beneficially owns 41,624 shares, held directly.
Matrix Service Company reported results from its 2025 Annual Meeting. Stockholders elected all director nominees to serve until the 2026 meeting. They ratified Deloitte & Touche LLP as independent auditor for fiscal 2026 with 25,498,799 votes for, 321,924 against, and 5,098 abstentions.
Stockholders approved the advisory vote on named executive officer compensation with 20,132,922 for, 1,408,554 against, and 50,754 abstentions, with 4,233,591 broker non-votes. They also approved the Matrix Service Company 2026 Employee Stock Purchase Plan with 21,208,865 for, 378,588 against, and 4,777 abstentions, with 4,233,591 broker non-votes.
Finally, stockholders approved the Third Amendment to the 2020 Stock and Incentive Compensation Plan to increase the shares authorized for issuance thereunder from 3,975,000 to 5,000,000; the vote was 14,331,217 for, 6,641,355 against, and 619,658 abstentions, with 4,233,591 broker non-votes.
Matrix Service Company is soliciting proxies for its virtual 2025 Annual Meeting to be held online at www.virtualshareholdermeeting.com/MTRX2025 at 10:00 a.m. CT on November 4, 2025 for stockholders of record on September 12, 2025; proxy materials were first posted on or about September 24, 2025. The proxy shows corporate governance and compensation actions: the Board retains a majority of independent directors, designated one director non-independent effective July 29, 2025, and oversees risk via Audit, Project Risk and Strategy Committees. The Audit Committee recommended Deloitte & Touche LLP and reported audit fees of $1,491,098 in fiscal 2025 ($1,393,408 in 2024). Fiscal 2025 PSUs vested at 109% of target, no short-term incentive cash was paid because threshold adjusted operating income was not met, and the CEO’s total compensation was $3,069,459 with a CEO-to-median pay ratio of 28:1. The Board seeks equity plan amendments: increasing the 2020 Plan reserve from 3,975,000 to 5,000,000 shares, and ESPP features a 1,000,000-share reserve; combined overhang from equity plans is stated at approximately 17.6%.
Matrix Service Co. director John D. Chandler purchased 2,300 shares of common stock on 09/16/2025 at a weighted average price of $12.7448 per share. After the purchase he beneficially owns 78,053 shares, held directly. The Form 4 discloses the buy was executed in multiple trades at prices ranging from $12.71 to $12.7851 and the reporting person offered to provide a breakdown of shares purchased at each price upon request. The filing shows Chandler is a director and the form was filed individually.
Matrix Service Company reported fiscal 2025 results and disclosures showing $769.3 million of revenue for the year, of which $560.7 million related to fixed-price contracts, and reported cash and cash equivalents of $249.6 million. The company had 2,239 employees worldwide and safety performance (TRIR) of 0.51 in fiscal 2025, improving from 0.91 in 2024. Aggregate market value of common stock held by non-affiliates was approximately $316.4 million and there were 28,068,535 shares outstanding as of September 9, 2025. The borrowing base under the ABL Facility was $64.6 million at June 30, 2025, with no outstanding borrowings and $4.8 million of letters of credit, leaving $59.8 million availability. Remaining performance obligations were disclosed near $582.3 million. The company recorded $3.6 million of restructuring costs in fiscal 2025, placed valuation allowances on deferred tax assets ($6.5 million in 2025), performed a goodwill impairment test with no impairment, and noted customer concentration with one customer contributing $133.9 million (17.4%) and another $80.8 million (10.5%) of revenue.
Matrix Service Company filed a current report to furnish a press release announcing its financial results for the fiscal 2025 fourth quarter and full year. The company stated that the press release, dated September 9, 2025, is provided as Exhibit 99 and is furnished, not filed, under securities law. The report was signed by Kevin S. Cavanah, Vice President and Chief Financial Officer.