Management ChangeApr 29, 2026, 04:53 PM
NVRI Announces CEO Transition, CFO Retirement in 10-K/A
AI Summary
Enviri Corporation (NVRI) filed an Amendment No. 1 on Form 10-K/A to its Annual Report, including details on executive leadership transitions. Chairman and CEO F. Nicholas Grasberger III will remain through the merger completion for a seamless transition, while CFO Tom G. Vadaketh will retire after the merger. Russell C. Hochman was appointed President and COO, and will become CEO of New Enviri post-merger. The amendment also provides other corporate governance and executive compensation information previously omitted due to a delayed proxy statement. No financial statements or other original 10-K data were modified.
Key Highlights
- Chairman & CEO F. Nicholas Grasberger III to remain through merger completion for transition.
- CFO Tom G. Vadaketh to retire after merger completion.
- Russell C. Hochman appointed President & COO, to become New Enviri CEO post-merger.
- 10-K/A filed to include omitted Part III info (Items 10-14) from original 10-K.
- Details include Directors, Executive Officers, Corporate Governance, and Executive Compensation.
- New Section 302 certifications filed; no financial statements amended.
- 2025 Annual Incentive Plan awards ranged from 56.6% to 100.80% of target.
- 2023-2025 LTIP PSUs earned 200% due to 84th percentile TSR vs S&P 600 Industrials.