PESI Files 8-K on Officer/Director Changes, Compensation on Jan 18

TL;DR

**PESI just filed an 8-K about leadership changes and compensation, watch for details.**

AI Summary

PERMA-FIX ENVIRONMENTAL SERVICES, INC. (PESI) filed an 8-K on January 23, 2024, reporting an event that occurred on January 18, 2024. This filing indicates changes related to the departure or election of directors or officers, and/or compensatory arrangements for certain officers, as well as the inclusion of financial statements and exhibits. For investors, this matters because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership or compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — The filing indicates potential changes in leadership or compensation, which can introduce uncertainty regarding future company direction and performance.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the reported changes in leadership or compensation, as these will provide clarity on potential impacts to the company's strategy and financial outlook.

Key Numbers

• $.001 — Par Value Per Share (Par value of PERMA-FIX ENVIRONMENTAL SERVICES, INC. Common Stock)
• 1-11596 — Commission File Number (SEC file number for PERMA-FIX ENVIRONMENTAL SERVICES, INC.)
• 58-1954497 — IRS Employer Identification No. (IRS number for PERMA-FIX ENVIRONMENTAL SERVICES, INC.)
• 770-587-9898 — Business Phone Number (Registrant's telephone number)

Key Players & Entities

• PERMA-FIX ENVIRONMENTAL SERVICES, INC. (company) — registrant filing the 8-K
• PESI (company) — trading symbol for the registrant
• NASDAQ Capital Markets (company) — exchange where PESI common stock is registered
• January 18, 2024 (date) — date of the earliest event reported in the 8-K
• January 23, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• Further details regarding the specific changes in officers, directors, or compensation will be disclosed in subsequent filings or company announcements. (PERMA-FIX ENVIRONMENTAL SERVICES, INC.) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $104,287 — 0% of the 2024 base salary for the CEO ($104,287 to $625,733), 29% to 100% of the 2024 b
• $625,733 — 24 base salary for the CEO ($104,287 to $625,733), 29% to 100% of the 2024 base salary f
• $95,681 — 0% of the 2024 base salary for the CFO ($95,681 to $332,811), 25% to 100% of the 2024 b
• $332,811 — 024 base salary for the CFO ($95,681 to $332,811), 25% to 100% of the 2024 base salary f
• $69,337 — y for the EVP of Strategic Initiatives ($69,337 to $277,346), and 25% to 100% ($71,317
• $277,346 — VP of Strategic Initiatives ($69,337 to $277,346), and 25% to 100% ($71,317 to $285,267)
• $71,317 — ($69,337 to $277,346), and 25% to 100% ($71,317 to $285,267) of the 2024 base salary fo
• $285,267 — $277,346), and 25% to 100% ($71,317 to $285,267) of the 2024 base salary for the EVP of

Filing Documents

• form8-k.htm (8-K) — 49KB
• ex99-1.htm (EX-99.1) — 50KB
• ex99-2.htm (EX-99.2) — 41KB
• ex99-3.htm (EX-99.3) — 50KB
• ex99-4.htm (EX-99.4) — 47KB
• 0001493152-24-003388.txt ( ) — 433KB
• pesi-20240118.xsd (EX-101.SCH) — 3KB
• pesi-20240118_lab.xml (EX-101.LAB) — 33KB
• pesi-20240118_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 3KB

financial statements for 2024

financial statements for 2024. The Compensation Committee retains the right to modify, change or terminate each MIP and may adjust the various target amounts described above, at any time and for any reason. The total to be paid to the Executive Officers under the MIPs, in the aggregate, may not exceed 50% of the Company's pre-tax net income prior to the calculation of performance compensation. Additionally, no performance incentive compensation will be payable for any of the performance targets unless a minimum of 75% of the EBITDA Target is achieved. The descriptions of the 2024 MIPs contained herein are qualified by reference to the respective MIPs attached to this Report as exhibits 99.1 to 99.4. Section 9 – Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Description 99.1 2024 Management Incentive Plan for Chief Executive Officer, approved January 18, 2024, but effective January 1, 2024. 99.2 2024 Management Incentive Plan for Chief Financial Officer, approved January 18, 2024, but effective January 1, 2024. 99.3 2024 Management Incentive Plan for EVP of Strategic Initiatives, approved January 18, 2024, but effective January 1, 2024. 99.4 2024 Management Incentive Plan for EVP of Waste Treatment Operations, approved January 18, 2024, but effective January 1, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 23, 2024 PERMA-FIX ENVIRONMENTAL SERVICES, INC. By: /s/ Ben Naccarato Ben Naccarato Executive Vice President and Chief F1inancial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR