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Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), a leader in hazardous waste management with a market capitalization of approximately $150 million, has entered into a new employment agreement with its Chief Operating Officer (COO), Troy Eshleman, effective April 17, 2025. The company’s stock has shown strong momentum recently, gaining over 12% in the past week according to InvestingPro data. This agreement comes as part of the company’s executive management planning and is set to extend through April 20, 2026, with provisions for automatic renewal unless prior notice is given by either party.
Under the terms of the agreement, Mr. Eshleman will receive an annual salary of $320,000, with the possibility of increases as determined by the company’s Compensation Committee. This executive appointment comes at a crucial time, as InvestingPro analysis shows analysts anticipate a 35% revenue growth for fiscal year 2025, despite the company’s current financial health score indicating some challenges. Additionally, the COO is eligible for performance-based compensation through the Management Incentive Plan (MIP) and will have access to the company’s broad-based benefits plans.
The agreement stipulates that in the event of termination due to death, disability, or cause, Mr. Eshleman or his estate will receive accrued salary, vacation time, benefits, and any performance compensation due for the preceding fiscal year. Furthermore, in the case of termination by the company without cause or if Mr. Eshleman resigns for "good reason," he would be entitled to two years of full base salary, performance compensation, and a lump-sum payment equivalent to 18 months of COBRA health coverage premiums for covered dependents.
In other news, Perma-Fix has announced the date for its Annual Meeting of Stockholders, scheduled for July 24, 2025. Stockholders on record as of the close of business on June 2, 2025, will be eligible to vote at the meeting.
The details of the employment agreement are outlined in exhibit 99.1 of the SEC filing, which also includes the company’s 2025 Incentive Compensation Plan for the COO, effective January 1, 2025.
This report is based on a press release statement and provides a summary of the key terms and conditions of Mr. Eshleman’s employment agreement with Perma-Fix Environmental Services, Inc. The company maintains a healthy liquidity position with a current ratio of 2.29, indicating strong ability to meet short-term obligations. For deeper insights into PESI’s financial health and growth prospects, including 12 additional ProTips and comprehensive valuation metrics, visit InvestingPro.
In other recent news, Perma-Fix Environmental Services, Inc. reported fourth-quarter earnings that did not meet analyst expectations. The company posted a loss of $0.22 per share, which was wider than the anticipated loss of $0.11 per share. Revenue for the quarter was $14.7 million, falling short of the consensus forecast of $17.7 million and down from $22.7 million in the same period last year. The decline in revenue was attributed to the completion of two large projects at the end of 2023 and lower waste volumes in its Treatment Segment. Despite these results, Perma-Fix remains optimistic about its future, with expectations of returning to growth and profitability in 2025. The company cited progress with its PFAS destruction technology and recent contract wins in nuclear services as positive developments. For the full year 2024, Perma-Fix reported a net loss of $20 million on revenue of $59.1 million, compared to a net income of $485,000 on revenue of $89.7 million in 2023. The company anticipates a particularly strong second half of 2025 as new projects ramp up.
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