Perma-Fix Environmental Services, Inc. filings document material events, operating updates and governance matters for a nuclear services and mixed waste management company. Recent 8-K disclosures cover investor presentation materials, material agreements, shareholder voting results, operating and financial results, and capital-structure information tied to the company's common stock.
The filing record includes disclosures about Perma-Fix Northwest, including labor arrangements at the Richland waste treatment facility, as well as annual meeting votes on director elections, auditor ratification and executive compensation. These documents also address governance and reporting categories connected to radioactive and mixed waste treatment, nuclear services, remediation, demolition and disposal work.
PERMA FIX ENVIRONMENTAL SERVICES INC (PESI) has a significant shareholder reported on a Schedule 13G/A. Hungarian investment fund manager HOLD Alapkezelo Zrt. reports beneficial ownership of 2,249,986 common shares, representing approximately 10.61% of the common stock, with sole voting and dispositive power over all these shares, based on 21,207,552 shares outstanding as of June 30, 2026.
Perma-Fix Environmental Services, Inc. reported weaker results for the three and six months ended June 30, 2026. Net revenues were $12.9 million for the quarter and $24.0 million year-to-date, down from $14.6 million and $28.5 million in the prior-year periods, with Treatment Segment revenues declining notably.
The company generated a quarterly gross loss of $2.5 million and a six‑month gross loss of $5.4 million, leading to a Q2 net loss of $6.2 million and a six‑month net loss of $13.7 million. Cash used in operating activities from continuing operations was $8.8 million for the first half, and the accumulated deficit reached $124.4 million. Management states that substantial doubt continues to exist about the company’s ability to continue as a going concern for one year after issuance, due to recurring losses and reliance on uncertain government-directed work.
Liquidity was bolstered by a May 2026 equity offering of 2,628,571 shares, providing approximately $21.1 million in net proceeds, and by extending the PNC credit facility maturity to 2030 after quarter-end. As of June 30, 2026, cash was $20.5 million, restricted cash in the finite risk sinking fund was $13.5 million, total debt was $2.0 million, and there were no outstanding revolver borrowings, with reported PNC Liquidity of $25.6 million. Subsequent to quarter-end, Perma-Fix was awarded a Master IDIQ Subcontract related to DOE’s Hanford Site, with work to be ordered, if at all, under future task orders within a multi-award ceiling framework.
Perma-Fix Environmental Services Inc. has a new ownership disclosure from MAK Capital Fund LP, MAK Capital One L.L.C., and Michael A. Kaufman. The group reports beneficial ownership of 1,161,372 shares of Perma-Fix common stock, representing 5.5% of the outstanding class. The percentage is based on 21,203,552 common shares outstanding as of May 28, 2026. The Reporting Persons have shared voting and dispositive power over all 1,161,372 shares and no sole voting or dispositive power.
Perma-Fix Environmental Services, Inc. has a significant shareholder group led by MAK Capital Fund LP, MAK Capital One L.L.C., and Michael A. Kaufman. These reporting persons collectively report beneficial ownership of 1,161,372 shares of Perma-Fix common stock.
This position represents 5.5% of the outstanding common stock, based on 21,203,552 shares outstanding as of May 28, 2026. The group reports no sole voting or dispositive power, but shared voting and shared dispositive power over all 1,161,372 shares, indicating coordinated control over how this block is voted and potentially sold.
Perma-Fix Environmental Services estimates second-quarter 2026 revenue of approximately $13 million and a net loss of about $(6.0) million, reflecting delayed treatment of certain Hanford-related waste streams, project start delays, and higher personnel and operating costs incurred ahead of expected waste receipts. Even so, treatment-related backlog grew to about $15.7 million as of June 30, 2026, up from $12.2 million at the end of the first quarter, and Perma-Fix Northwest began receiving Hanford waste in the quarter and Direct-Feed Low-Activity Waste (DFLAW) liquid effluents in early July. The Services Segment secured additional DOE and commercial awards, supporting services backlog of over $17 million over the next year. An underwritten public offering closed on May 18, 2026 generated approximately $21 million in net proceeds, partly funding DFLAW and grouting upgrades at PFNW. These Q2 figures are unaudited, preliminary and subject to change after financial closing procedures.
The U.S. Department of Energy has outlined a revised Hanford “Dual Glass-Plus-Grout Strategy” that specifically names the company and targets implementation in the second half of 2026, highlighting potential throughput increases of up to 300% and disposal cost reductions from about $1,200 per gallon to under $50 per gallon, with a goal of reaching 9 million gallons annually by 2030. PFNW has proposed to support DOE’s grouting objectives, is working with Washington State regulators to expand its current 1.2 million gallons per year grouting permit, and is in final design and procurement for upgrades aimed at expanded capacity by the third quarter of 2027. At the July 22, 2026 annual meeting, holders of 13,658,784 of 21,203,552 outstanding shares (about 64.42%) re-elected all nine directors, ratified Grant Thornton, LLP as auditor, approved on an advisory basis 2025 executive compensation, and approved amendments to the 2017 Stock Option Plan and 2003 Outside Directors Stock Plan.
Perma-Fix Environmental Services director Joe Reeder received a grant of a Non-Qualified Stock Option covering 10,000 shares of common stock. The option has an exercise price of 16.6400, expires on 2036-07-22, and was issued under the 2003 Outside Directors Stock Plan. It vests in four equal annual installments of 25% beginning on the first anniversary of the grant date, leaving Reeder with 10,000 derivative securities directly held after this grant.
Perma-Fix Environmental Services director Zach Paul Wamp received a grant of 10000.0000 Non-Qualified Stock Options to purchase Common Stock at an exercise price of 16.6400 per share. The award vests in four equal annual 25% installments starting one year after the 2026-07-22 grant date and expires on 2036-07-22. Following this grant, he holds 10000.0000 derivative securities directly.
Perma-Fix Environmental Services Inc. director Larry Shelton received a grant of stock options. On 07/22/2026 he was awarded 10,000 Non-Qualified Stock Options to purchase Common Stock at an exercise price of $16.64 per share, expiring on 07/22/2036. The options were granted under the Company's 2003 Outside Directors Stock Plan and vest in four equal annual installments of 25% each, beginning on the first anniversary of the grant date and on each successive anniversary. Following this grant, Shelton holds 10,000 stock options directly.
Perma-Fix Environmental Services director Mark A. Zwecker received a non-qualified stock option for 10,000 shares of common stock on July 22, 2026 at an exercise price of $16.64 per share. The option expires on July 22, 2036 and vests in four equal annual 25% installments starting one year after grant, leaving him with 10,000 options outstanding.
Perma-Fix Environmental Services director Thomas Bostick received a Non-Qualified Stock Option on 2026-07-22 for 10,000 shares of common stock at an exercise price of $16.64 per share. The option vests in four equal annual installments of 25% beginning on the first anniversary of the grant date and on each successive anniversary, and expires on 2036-07-22. Following this grant, Bostick directly holds 10,000 stock options.