Enviri Corp SEC Filings

Enviri Corporation announced a major restructuring that will separate its businesses and sell its Clean Earth unit to Veolia Environnement. Through a series of steps, Enviri will contribute its ongoing industrial services operations to a new holding company, New Enviri, and distribute New Enviri shares pro rata to CLEH, Inc. stockholders, creating a standalone public company.

Immediately after this spin-off, Veolia’s subsidiary will merge with CLEH, and each CLEH share will be converted into cash of at least $14.50 and up to $16.50 per share, with the exact amount to be set by Enviri’s board shortly before closing. The deals are subject to antitrust clearance, stockholder approval, NYSE listing of New Enviri and other customary conditions, and include an $80 million termination fee payable by Enviri in certain circumstances and a $150 million reverse termination fee payable by Veolia if antitrust clearance is not obtained. Enviri also promoted Russell Hochman to President and Chief Operating Officer while he continues as General Counsel and Chief Compliance Officer, with an increased base salary of $750,000.

ENVIRI Corp (NVRI): Schedule 13G/A Amendment No. 2 reports that Paradigm Capital Management, Inc. beneficially owns 3,793,300 shares of common stock, representing 4.7% of the class as of the event date 09/30/2025. Paradigm reports sole voting and sole dispositive power over the same 3,793,300 shares.

Filed on a passive basis, the certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The reporting person is classified as an investment adviser (IA).

D. E. Shaw filed Amendment No. 3 to Schedule 13G reporting a passive stake in Enviri Corporation (NVRI) common stock. D. E. Shaw & Co., L.P. beneficially owned 4,599,414 shares, representing 5.7% of the class, with shared voting power over 4,596,416 shares and shared dispositive power over 4,599,414 shares. D. E. Shaw & Co., L.L.C. beneficially owned 4,415,858 shares (5.5%) with shared voting and dispositive power over 4,415,858 shares.

David E. Shaw may be deemed the beneficial owner of 4,599,414 shares (5.7%) through management and control roles and disclaims beneficial ownership; no sole voting or dispositive power was reported. The filing certifies the securities were not acquired or held to change or influence control. The date of the event requiring the filing was 09/30/2025.

Enviri Corp (NVRI): Schedule 13G update — Barrow Hanley Global Investors reported beneficial ownership of 0 shares of Enviri Corp common stock, representing 0% of the class as of 09/30/2025.

The reporting person is classified as an investment adviser (IA) and checked “Ownership of 5 percent or less of a class.” The filing certifies the securities, if any, are held in the ordinary course and not for the purpose of changing or influencing control.

Enviri (NVRI) SVP and CFO Tom G. Vadaketh reported transactions on 11/07/2025 under a Form 4. He exercised 84,746 restricted stock units (code M) into common stock at $0 per share and disposed of 38,916 shares (code F) at $12.19 per share, typically reflecting shares withheld or sold to cover taxes.

Following these transactions, he beneficially owned 178,261 shares of Enviri common stock directly. He also reported 216,920 derivative securities outstanding, reflecting remaining restricted stock units.

The filing notes the RSUs were granted under the 2013 Equity and Incentive Compensation Plan and vest in one-third increments on each of the first three anniversaries of the grant date.

Enviri Corporation (NVRI) reported third‑quarter 2025 results. Revenue was $574.8 million, essentially flat year over year, while the company recorded a net loss attributable to Enviri of $22.3 million, or $0.28 per share. Service revenues rose to $505.9 million as product revenues declined to $68.9 million.

Operating income was $16.5 million, offset by interest expense of $28.4 million and pension expense, driving a loss from continuing operations of $20.2 million. Year to date, operating cash flow totaled $63.0 million, supported by receivables programs and tighter working capital management. Cash and cash equivalents were $115.4 million, with total assets of $2.79 billion and total liabilities of $2.39 billion.

Total debt obligations were $1.54 billion, including $489.0 million drawn on the revolving credit facility and $475.0 million of senior notes. On November 5, 2025, Enviri amended its credit agreement, resetting leverage covenants and permitting a potential distribution of its Clean Earth business; at September 30, 2025, net leverage was 4.82x and interest coverage 2.80x, within covenant levels.

Enviri Corporation (NVRI) furnished an 8‑K announcing Q3 2025 results. The company reported that it issued a press release covering earnings for the third quarter ended September 30, 2025, and attached it as Exhibit 99.1. The information is furnished, not filed, meaning it is not subject to Section 18 liabilities and is not incorporated by reference unless specifically stated. This is a routine disclosure providing access to the company’s latest quarterly results press release.

Fund 1 Investments, LLC reports beneficial ownership of 7,674,443 shares of ENVIRI Corp common stock, representing 9.53% of the outstanding shares. The filing states these shares are held for private investment vehicles advised by Pleasant Lake Partners LLC; Fund 1 Investments serves as managing member and Jonathan Lennon is its managing member. The filing shows shared voting and dispositive power for all reported shares and indicates PLP Funds Master Fund LP has rights to dividends or proceeds for more than 5% of the class. Percentages are calculated from 80,497,280 shares outstanding as of April 24, 2025, per the issuer's quarterly report.

Barrow Hanley Mewhinney & Strauss LLC disclosed beneficial ownership of 4,561,968 shares of Enviri Corp common stock, equal to 5.66% of the outstanding class. The filing reports the filer has sole voting and sole dispositive power over these shares and identifies the reporting person as an investment adviser (IA).

The statement includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Items addressing group membership and parent/subsidiary reporting are marked Not Applicable, so the disclosure presents a single institutional, passive stake above the 5% threshold rather than a coordinated group or control claim.