Matrix Service Co: appoints chief financial officer Dominic Savarino

What happened

• Matrix Service Company announced the appointment of Dominic A. Savarino as senior vice president and chief financial officer, effective Nov 6, 2026. The filing states he will serve as the company’s principal financial officer and principal accounting officer. The company issued a press release on Oct 19, 2026.

Key details

• Mr. Savarino, age 56, has served as a consultant with NewVista Advisory Group since 2025 and previously held finance and tax roles at Diamond Offshore Drilling, Baker Hughes, McDermott, Hewlett-Packard and PricewaterhouseCoopers. He holds a Bachelor of Business Administration and a Master of Professional Accounting from the University of Texas and is a Certified Public Accountant.
• Under the offer letter: annual base salary of $500,000; annual bonus eligibility prorated for fiscal 2027 with target and maximum amounts equal to 75% and 150% of base salary, respectively; annual equity grant each August beginning Aug 2027 equal to 140% of base salary.
• Special one-time equity grant valued at $450,000: 50% in restricted stock units vesting in equal installments on each of the first three anniversaries (settled 50% in cash and 50% in stock) and 50% in performance shares that cliff-vest on the third anniversary at between 0% and 200% of target based on relative total shareholder return goals.
• Severance participation under the amended 2021 severance plan for executives: non-change of control benefit equal to 1.5 times base salary; change of control benefit equal to two times base salary plus annual target bonus opportunity. He will enter the company’s standard indemnification agreement. The filing states the appointment was not pursuant to any agreement or understanding with any other person and discloses no family relationships or reportable transactions under Regulation S-K.

Why it may matter

• The filing reports Item 5.02 (departure of directors or certain officers; election of directors), which covers officer appointments and related compensation and arrangements. The filing does not show why the insider traded or why the company acted.