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Mistras Group, Inc. – ‘10-Q’ for 3/31/23 – ‘EX-10.2’

On:  Friday, 5/5/23, at 2:59pm ET   ·   For:  3/31/23   ·   Accession #:  1436126-23-24   ·   File #:  1-34481

Previous ‘10-Q’:  ‘10-Q’ on 11/7/22 for 9/30/22   ·   Next:  ‘10-Q’ on 8/7/23 for 6/30/23   ·   Latest:  ‘10-Q’ on 5/3/24 for 3/31/24   ·   2 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/05/23  Mistras Group, Inc.               10-Q        3/31/23   77:7.3M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.50M 
 2: EX-10.2     Material Contract                                   HTML     22K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     24K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     24K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
11: R1          Cover                                               HTML     72K 
12: R2          Unaudited Condensed Consolidated Balance Sheets     HTML    142K 
13: R3          Unaudited Condensed Consolidated Balance Sheets     HTML     31K 
                (Parenthetical)                                                  
14: R4          Unaudited Condensed Consolidated Statements of      HTML    117K 
                Loss                                                             
15: R5          Unaudited Condensed Consolidated Statements of      HTML     47K 
                Comprehensive Loss                                               
16: R6          Unaudited Condensed Consolidated Statements of      HTML     65K 
                Equity                                                           
17: R7          Unaudited Condensed Consolidated Statements of      HTML    116K 
                Cash Flows                                                       
18: R8          Description of Business??and Basis of Presentation  HTML     39K 
19: R9          Revenue                                             HTML    115K 
20: R10         Share-Based Compensation                            HTML     77K 
21: R11         Earnings (loss) per Share                           HTML     43K 
22: R12         Acquisitions                                        HTML     30K 
23: R13         Accounts Receivable, net                            HTML     30K 
24: R14         Inventories                                         HTML     27K 
25: R15         Property, Plant and Equipment, net                  HTML     35K 
26: R16         Goodwill                                            HTML     34K 
27: R17         Intangible Assets                                   HTML     47K 
28: R18         Accrued Expenses and Other Current Liabilities      HTML     32K 
29: R19         Long-Term Debt                                      HTML     40K 
30: R20         Fair Value Measurements                             HTML     34K 
31: R21         Commitments and Contingencies                       HTML     31K 
32: R22         Segment Disclosure                                  HTML     86K 
33: R23         Subsequent Events                                   HTML     23K 
34: R24         Description of Business??and Basis of Presentation  HTML     62K 
                (Policies)                                                       
35: R25         Revenue (Tables)                                    HTML    104K 
36: R26         Share-Based Compensation (Tables)                   HTML     68K 
37: R27         Earnings (loss) per Share (Tables)                  HTML     41K 
38: R28         Acquisitions (Tables)                               HTML     28K 
39: R29         Accounts Receivable, net (Tables)                   HTML     27K 
40: R30         Inventories (Tables)                                HTML     28K 
41: R31         Property, Plant and Equipment, net (Tables)         HTML     34K 
42: R32         Goodwill (Tables)                                   HTML     35K 
43: R33         Intangible Assets (Tables)                          HTML     47K 
44: R34         Accrued Expenses and Other Current Liabilities      HTML     32K 
                (Tables)                                                         
45: R35         Long-Term Debt (Tables)                             HTML     33K 
46: R36         Fair Value Measurements (Tables)                    HTML     30K 
47: R37         Segment Disclosure (Tables)                         HTML     76K 
48: R38         Description of Business??and Basis of Presentation  HTML     24K 
                (Details)                                                        
49: R39         Revenue - Narrative (Details)                       HTML     27K 
50: R40         Revenue - Disaggregated Revenues (Details)          HTML    110K 
51: R41         Share-Based Compensation - Equity Incentive Plans   HTML     37K 
                (Details)                                                        
52: R42         Share-Based Compensation - Restricted Stock Unit    HTML     28K 
                Awards - Narrative (Details)                                     
53: R43         Share-Based Compensation - Vesting Activity of      HTML     26K 
                Restricted Stock Unit Awards (Details)                           
54: R44         Share-Based Compensation - Fully-vested Common      HTML     29K 
                Stock Issued to Non-employee Directors (Details)                 
55: R45         Share-Based Compensation - Restricted Stock Units   HTML     45K 
                Awards - Activity (Details)                                      
56: R46         Share-Based Compensation - Performance Restricted   HTML     54K 
                Stock Units - Narrative (Details)                                
57: R47         Share-Based Compensation - Performance Restricted   HTML     49K 
                Stock Units - Activity (Details)                                 
58: R48         Earnings (loss) per Share (Details)                 HTML     62K 
59: R49         Acquisitions (Details)                              HTML     27K 
60: R50         Accounts Receivable, net - Summary (Details)        HTML     28K 
61: R51         Accounts Receivable, net - Narrative (Details)      HTML     31K 
62: R52         Inventories (Details)                               HTML     27K 
63: R53         Property, Plant and Equipment, net (Details)        HTML     51K 
64: R54         Goodwill - Changes in Carrying Amount of Goodwill   HTML     33K 
                (Details)                                                        
65: R55         Intangible Assets - Summary (Details)               HTML     55K 
66: R56         Accrued Expenses and Other Current Liabilities      HTML     37K 
                (Details)                                                        
67: R57         Long-Term Debt - Schedule of Long-Term Debt         HTML     36K 
                (Details)                                                        
68: R58         Long-Term Debt - Narrative (Details)                HTML    110K 
69: R59         Fair Value Measurements (Details)                   HTML     30K 
70: R60         Commitments and Contingencies (Details)             HTML     81K 
71: R61         Segment Disclosure (Details)                        HTML     71K 
72: R62         Subsequent Events (Details)                         HTML     28K 
75: XML         IDEA XML File -- Filing Summary                      XML    136K 
73: XML         XBRL Instance -- mg-20230331_htm                     XML   1.96M 
74: EXCEL       IDEA Workbook of Financial Reports                  XLSX    131K 
 7: EX-101.CAL  XBRL Calculations -- mg-20230331_cal                 XML    163K 
 8: EX-101.DEF  XBRL Definitions -- mg-20230331_def                  XML    569K 
 9: EX-101.LAB  XBRL Labels -- mg-20230331_lab                       XML   1.39M 
10: EX-101.PRE  XBRL Presentations -- mg-20230331_pre                XML    865K 
 6: EX-101.SCH  XBRL Schema -- mg-20230331                           XSD    145K 
76: JSON        XBRL Instance as JSON Data -- MetaLinks              392±   606K 
77: ZIP         XBRL Zipped Folder -- 0001436126-23-000024-xbrl      Zip    352K 


‘EX-10.2’   —   Material Contract


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Mistras Group, Inc.
Compensation Plan for Non-Employee Directors
Effective January 1, 2023
Participants:Members of the Board of Directors who are not employees of the Company.
Annual Retainer:$90,000 per year, payable $22,500 per quarter at the beginning of each quarter. This amount will be paid in cash.
Committee Chair Fees:Committee Chairs shall receive the following annual fees, payable quarterly in cash with the annual retainer payments:
Audit Committee: $15,500
Compensation Committee: $12,500
Corporate Governance Committee: $12,500
Environmental, Social and Safety Committee: $12,500
Lead Director Fee:$33,000 per year, payable $8,250 per quarter in cash with the annual retainer payments.
Annual Equity Awards:$110,000 of Company common stock, to be granted under the Mistras Group, Inc. 2016 Long-Term Incentive Plan. The awards will be granted in two equal installments of $55,000 each, the first after the release of results for the fourth quarter of the prior year (March) and the second after the release of results for the second quarter of the current year (August).
Pricing of Equity Awards:The price per share of equity awards will be based on the average of the high and the low trading prices during the first three trading days of the Company’s permitted trading period following the release of the prior year fourth quarter results and the current year second quarter results, as applicable.



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/5/2310-K/A
For Period end:3/31/23
1/1/23
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/11/24  Mistras Group, Inc.               10-K       12/31/23  116:13M


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/08/23  Mistras Group, Inc.               8-K:1,2,9   3/03/23   12:745K
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Filing Submission 0001436126-23-000024   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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