Matrix Service Company (MTRX) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for November 5, 2024, and will be held virtually, allowing broader shareholder participation.

• The company is focused on long-term value creation, operational excellence, and supporting energy transition initiatives.

• Leadership has streamlined operations, reduced costs, and built a $1.4 billion backlog with a $6.1 billion opportunity pipeline entering fiscal 2025.

• The company emphasizes safety, integrity, stewardship, and community involvement as core values.

Voting matters and shareholder proposals

• Shareholders will vote on electing seven directors, ratifying Deloitte & Touche LLP as the independent auditor for fiscal 2025, and an advisory vote on executive compensation.

• Each share of common stock is entitled to one vote per proposal.

• The board recommends voting in favor of all proposals.

Board of directors and corporate governance

• The board consists of seven members, six of whom are independent, with a focus on diversity and relevant industry experience.

• Committees include Audit, Compensation, Nominating and Corporate Governance, and a newly formed Project Risk Committee.

• The board separates the roles of Chair and CEO, with an independent Chair leading the board.

• Directors are expected to own shares equal to five times their annual cash retainer.