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    Mr. Mark Duff

    President and CEO at Perma-Fix Environmental Services Inc
    Board
    Since September 2017
    Age
    62 years
    Education
    Earned an MBA from the University of Phoenix and a B.S. from the University of Alabama.
    Tenure
    Joined PESI in 2016, started as President and CEO in September 2017, and was elected to the Board of Directors in April 2023.

    Also at Perma-Fix Environmental Services Inc

    DLC
    Dr. Louis Centofanti
    Executive Vice President (EVP) of Strategic Initiatives
    MBN
    Mr. Ben Naccarato
    Chief Financial Officer (CFO)
    MRG
    Mr. Richard Grondin
    Executive Vice President (EVP) of Hanford and International Waste Operations

    About

    Mr. Mark Duff is a seasoned executive with over 40 years of management and technical experience in the environmental and construction sectors, including significant tenures at the U.S. Department of Energy and the U.S. Department of Defense.

    He began his association with PESI in 2016 and advanced to the role of President and CEO in September 2017, later being elected to the Board of Directors in April 2023, thereby contributing to both the operational and strategic growth of the company.

    Educationally, he earned an MBA from the University of Phoenix and a B.S. from the University of Alabama, providing a strong foundation for his career in corporate leadership.

    Currently, at 62 years old, he continues to drive forward initiatives in both the Treatment and Services segments, demonstrating a balanced blend of technical expertise and executive management.

    $PESI Performance Under Mr. Mark Duff

    Past Roles

    OrganizationRoleDate RangeDetails
    Perma-Fix Environmental Services, Inc. (PESI)Involved in strategic initiatives for Treatment & Services Segments2016 – Sept 2017Developed strategies including facility upgrades, modernization of treatment capabilities, and market expansion
    U.S. Department of Energy (DOE)Corporate Officer / Senior Project Manager / Federal EmployeeN/AOver 40 years of experience in environmental and construction markets
    U.S. Department of Defense (DOD)Corporate Officer / Senior Project Manager / Federal EmployeeN/AOver 40 years of experience in environmental and construction markets
    Consulting FirmCo-founderN/ACo-founded a firm providing consulting services in environmental and construction sectors

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$417,155 N/A FY2024 fixed base salary
    Insurance Premiums$22,681 N/A FY2024 insurance premiums
    Automobile Allowance$9,000 N/A FY2024 automobile allowance
    401(k) Matching Contributions$7,625 N/A FY2024 matching contributions

    Performance Compensation

    Data from  FY 2024

    Performance Metrics and Payouts

    Revenue

    Performance RangePayout ($USD)
    75%-89% (minimum threshold)$10,429
    90%-110% (target)$20,858
    111%-129%$35,756
    130%-150%$50,655
    >150%$80,451

    EBITDA

    Performance RangePayout ($USD)
    75%-89% (minimum threshold)$62,572
    90%-110% (target)$125,146
    111%-129%$214,537
    130%-150%$303,927
    >150%$482,708

    Health & Safety

    Performance RangePayout ($USD)
    75%-89%$15,643
    90%-110%$31,287
    111%-129%$31,287
    130%-150%$31,287
    >150%$31,287

    Permit & License Violations

    Performance RangePayout ($USD)
    75%-89%$15,643
    90%-110%$31,287
    111%-129%$31,287
    130%-150%$31,287
    >150%$31,287

    Total Performance Compensation

    Performance RangeTotal Payout ($USD)
    75%-89%$104,287
    90%-110%$208,578
    111%-129%$312,867
    130%-150%$417,156
    >150%$625,733

    Conditions and Additional Details

    • Minimum EBITDA Threshold: 75% of the EBITDA target must be achieved.
    • Cap on Total Compensation: Total performance compensation is capped at 50% of the Company’s pre-tax net income.
    • Vesting and Payment Schedule: The plan is effective from January 1, 2024 (approved January 18, 2024) with payouts made approximately 90 days after year-end upon finalization of audited financials.
    • Plan Structure: This is a cash-based plan with performance components for Revenue, EBITDA, Health & Safety, and Permit & License Violations. There are no share-based awards, vesting schedules, grant date fair value or stock prices associated with this plan.