Joseph Grumski
About Joseph T. Grumski
Independent director at Perma-Fix Environmental Services, Inc. since February 2020; age 64. CEO of TAS Energy Inc. (a wholly-owned subsidiary of Comfort Systems USA, Inc.) since April 2020; previously TAS President through December 2023 and TAS director pre-acquisition. Earlier senior roles at SAIC (grew federal environmental business from ~$300 million to ~$1.1 billion) and earlier engineering/operations roles at Gulf Oil, Westinghouse Electric, and Lockheed Martin. Education: B.S. Mechanical Engineering (University of Pittsburgh) and M.S. Mechanical Engineering (West Virginia University). The Board cites his operational leadership, government-sector experience, and problem-solving capabilities as core credentials for nuclear market oversight .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| TAS Energy Inc. | CEO; previously President; director pre-acquisition | CEO since Apr 2020; President Apr 2020–Dec 2023; Director May 2013–Mar 2020 | Led a modular energy solutions company; post-acquisition subsidiary of Comfort Systems USA (NYSE: FIX) |
| SAIC (NYSE: SAIC) | President, Energy, Environment & Infrastructure (E2I) commercial subsidiary; GM of E2I Business Unit | 1997–Feb 2013 | Grew federal environmental business from ~$300mm to ~$1.1bn |
| Gulf Oil; Westinghouse Electric; Lockheed Martin | Engineering, operations, program management roles | Early career | Progressive senior roles in engineering and operations |
External Roles
| Organization | Role | Type | Dates | Notes/Interlocks |
|---|---|---|---|---|
| TAS Energy Inc. | CEO; prior President & Director | Private subsidiary (Comfort Systems USA, Inc., FIX) | CEO since Apr 2020; President Apr 2020–Dec 2023; Director May 2013–Mar 2020 | No PESI-disclosed related-party transactions with TAS/Comfort Systems USA |
Board Governance
- Independence: Board determined Grumski is an independent director under Nasdaq rules; independent for Audit and Compensation Committees .
- Committee roles (2024): Chair, Compensation and Stock Option Committee; Member, Audit Committee .
- Attendance/engagement: Board held 6 meetings in 2024; no director attended fewer than 75% of Board and committee meetings; all directors attended the 2024 annual meeting .
- Audit Committee activity: 24 meetings in 2024 .
- Compensation Committee activity: 6 meetings in 2024; no compensation consultant employed in 2024 .
| Committee | Role | 2024 Meetings | Independence |
|---|---|---|---|
| Compensation and Stock Option | Chair | 6 | Independent |
| Audit | Member | 24 | Independent |
Fixed Compensation
Director compensation mix indicates equity alignment; Grumski elected to receive fees in stock with option awards.
| Component ($) | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash | $0 | $0 |
| Stock Awards | $90,003 | $89,996 |
| Option Awards | $64,600 | $68,700 |
| Total | $154,603 | $158,696 |
Director fee structure (outside directors, 2024):
- Quarterly director fee: $11,500; Board Chair add’l $8,750 quarterly; Audit Chair add’l $6,250 quarterly; Compensation/Governance/Strategic Chairs add’l $3,125 quarterly; Audit Committee member add’l $1,250 quarterly (excl. Chair); other committee members add’l $500 quarterly (unless also a Chair or Board Chair); Meeting fees: $1,000 in-person, $500 virtual. Directors may elect 65% or 100% of fees in common stock under the 2003 Outside Directors Plan .
Performance Compensation
- No director performance-based cash metrics are disclosed; non-employee directors receive equity via NQSOs upon re-election and may take fees in stock under the 2003 Outside Directors Plan .
Option grant terms (re-election grants, 2024):
| Term | Details |
|---|---|
| Grant date | July 18, 2024 |
| Shares | 10,000 options |
| Exercise price | $10.20 per share |
| Vesting | 25% per year, starting first anniversary |
| Term | 10 years |
| ASC 718 fair value | ~$6.87 per option |
2003 Outside Directors Plan: initial 20,000 NQSOs at first election; 10,000 NQSOs at each re-election; options vest 25%/year and become immediately exercisable upon change in control, death, or disability; directors can elect 65% or 100% of fees in stock (shares calculated at 75% of prior-day market value) .
Other Directorships & Interlocks
| Company | Current Public Board? | Role | Possible Interlock |
|---|---|---|---|
| TAS Energy Inc. (Comfort Systems USA subsidiary) | No (subsidiary; parent FIX is public) | CEO; former President/Director | No PESI-related party transactions disclosed involving Grumski, TAS, or Comfort Systems USA |
Expertise & Qualifications
- Mechanical engineering degrees; experienced operator and executive in complex energy/environmental services businesses .
- Built and led large federal/commercial environmental businesses; governance and executive operational leadership cited by Board as enhancing nuclear market oversight .
Equity Ownership
As of June 2, 2025.
| Item | Amount |
|---|---|
| Common shares held directly | 57,758 |
| Options immediately exercisable | 23,400 |
| Options exercisable within 60 days | 10,000 |
| Total beneficial ownership (shares + in-the-money options exercisable within 60 days) | 91,158 |
| Percent of class | <1% (“*”) |
| Options outstanding (Dec 31, 2024) | 48,400 |
| Shares pledged/hedged | None disclosed; Stock Trading Policy strongly discourages hedging/pledging |
Say-on-Pay & Shareholder Feedback
| Item | 2024 Annual Meeting (Jul 18, 2024) | 2025 Annual Meeting (Jul 24, 2025) |
|---|---|---|
| Say-on-Pay votes (For / Against / Abstain) | 5,765,235 / 633,690 / 598,961 | 6,337,589 / 595,696 / 1,011,910 |
| Grumski director election votes (For / Withheld) | 6,640,422 / 357,464 | 7,733,019 / 212,176 |
Related Party Transactions and Conflicts
- Audit Committee reviews related party transactions; code prohibits conflicts and personal interests with suppliers/customers/competitors. No related-party transactions disclosed involving Grumski; family relationships disclosed only for David Centofanti (VP Information Systems) as son of director/executive Dr. Louis Centofanti .
Governance Assessment
- Strengths: Independent director; chairs Compensation Committee and serves on Audit Committee; strong operational background; engages across a high-activity audit calendar (24 meetings in 2024); equity-heavy director pay (100% stock awards in 2023/2024) indicating alignment .
- Signals: Shareholders supported Board slate and Say-on-Pay at both 2024 and 2025 meetings; Grumski’s withheld votes declined YoY (from 357,464 to 212,176), a positive engagement signal .
- Watch items: As Compensation Chair, continued oversight of executive MIPs and clawback compliance; company discourages hedging/pledging via Stock Trading Policy; no compensation consultant used in 2024 (monitor future consultant independence if engaged) .
- Red flags: None disclosed regarding pledging, hedging, related-party transactions, or attendance shortfalls for Grumski; no option repricing disclosed for directors .