Mistras Group, Inc. Announces Director Departure and Officer Changes
Ticker: MG · Form: 8-K · Filed: Feb 13, 2025 · CIK: 1436126
Sentiment: neutral
Topics: director-departure, officer-appointment, compensation
TL;DR
John Smith out at Mistras Group, new exec comp details filed.
AI Summary
Mistras Group, Inc. announced on February 7, 2025, the departure of Director John Smith. The company also reported on the election of new directors and the appointment of certain officers, along with updates to compensatory arrangements for its officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and changes in officer compensation can sometimes indicate underlying issues or strategic shifts within a company.
Key Players & Entities
- Mistras Group, Inc. (company) — Registrant
- John Smith (person) — Departing Director
FAQ
Who is John Smith and what was his role at Mistras Group, Inc.?
John Smith was a Director at Mistras Group, Inc. His departure was reported on February 7, 2025.
What other events are reported in this 8-K filing?
The filing also reports on the election of directors and the appointment of certain officers, as well as updates to compensatory arrangements for certain officers.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on February 7, 2025.
What is Mistras Group, Inc.'s principal executive office address?
Mistras Group, Inc.'s principal executive offices are located at 195 Clarksville Road, Princeton Junction, New Jersey 08550.
What is Mistras Group, Inc.'s IRS Employer Identification Number?
Mistras Group, Inc.'s IRS Employer Identification Number is 22-3341267.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-02-13 09:11:21
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value MG New York Stock Exchange
Filing Documents
- johnsmith8-k.htm (8-K) — 21KB
- 0001436126-25-000016.txt ( ) — 22KB
From the Filing
Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 7, 2025 Mistras Group, Inc. (Exact name of registrant as specified in its charter) Delaware 001-34481 22-3341267 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 195 Clarksville Road Princeton Junction, New Jersey 08550 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (609) 716-4000 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2 below) Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d 2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value MG New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. On February 7, 2025, Mistras Group, Inc. (the Company) terminated the employment of its Executive Vice President, and President of Services, John Smith. Mr. Smith's separation is without cause and he will be entitled to receive severance and related benefits for such a separation, subject to the execution of a release by Mr. Smith. The severance and related benefits for Mr. Smith are described in the proxy statement for the Company's 2024 Annual Meeting of Shareholders, filed on Schedule 14A with the Securities and Exchange Commission on April 4, 2024. See "Executive Compensation-Potential Payments upon Termination of Employment or Change of Control" in the foregoing Schedule 14A. SIGNATURE 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. MISTRAS GROUP, INC. Date February 13, 2025 By s Michael C. Keefe Name Michael C. Keefe Title Executive Vice President, General Counsel and Secretary