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Mr. Mark Duff

President and CEO at PERMA FIX ENVIRONMENTAL SERVICES
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

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.