Babcock & Wilcox Enterprises, Inc. 8-K

What Happened
Babcock & Wilcox Enterprises, Inc. (filed 8‑K Jan 12, 2026; announced Jan 8, 2026) said John Dziewisz, its Executive Vice President, General Counsel & Corporate Secretary, will step down and depart on May 31, 2026 after about 30 years with the company. The company and Mr. Dziewisz executed a Separation Agreement and Release of Claims; he must sign and return the agreement to receive the agreed benefits. They also agreed to a post‑separation consulting arrangement for transition support through December 31, 2026 (subject to 90 days’ notice).

Key Details

• Separation Date: May 31, 2026. Announcement date: January 8, 2026; Form 8‑K filed Jan 12, 2026.
• Severance: $500,000 total, paid in installments over the one‑year period following the Separation Date.
• Equity/bonuses: Accelerated vesting of restricted stock units and cash retention bonus opportunities; Mr. Dziewisz remains entitled to any annual bonus and long‑term cash incentives earned based on 2025 performance.
• Additional terms: One year of outplacement services; company will pay a portion of COBRA premiums for three months; consulting fee of $20,000 per month for transition support through Dec 31, 2026 (either party may end with 90 days’ notice); Separation Agreement includes a general release of claims.

Why It Matters
This is a material executive change in the company’s senior legal and governance team that may affect corporate legal oversight and governance continuity. The financial impact is limited and quantifiable in the filing (severance and consulting fees), and the accelerated vesting could modestly affect share‑based compensation expense. The consulting arrangement and transition support aim to reduce operational disruption during the leadership change.