Verra Mobility VRRM

Verra Mobility appoints Matthew Kvarda as interim CFO

Item 5.02 Executive or director change

Form
8-K
Filed
Importance
Major
  1. Matthew Kvarda appointed as interim CFO effective November 5, 2026
  2. Kvarda will receive $150,000 per month through April 30, 2027
  3. Engagement with Alvarez & Marsal includes advisory services and fixed monthly fees

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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The reading, claim by claim

  1. Craig Conti will resign as Chief Financial Officer on November 4, 2026.
  2. The Board is searching for a permanent CFO with the help of Spencer Stuart.
  3. Mr. Kvarda, 56, has worked at Alvarez & Marsal since 2004 and has served as interim CFO for several companies.
  4. His services are under an engagement letter dated October 25, 2026, with A&M.
  5. The letter also includes consulting services for the Company.
  6. The 8-K includes an exhibit of the Engagement Letter and a cover page interactive data file.
  7. Certain exhibits were omitted but may be provided upon request.
  8. The filing was signed by Craig Conti, the outgoing CFO.

8 of 11 claims matched the filing text.

Not found in the filing text

  • For the quarter ended September 30, 2026, VERRA MOBILITY Corp reported revenue of $258.9 million and net income of $40.4 million.
  • The operating margin was 25.3%, and the net margin was 15.6%.
  • Revenue decreased by 1.2% compared to the previous year.

From the filing

Item 5.02

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 29, 2026, the Board of Directors (the "Board") of Verra Mobility Corporation8 (the "Company") appointed Matthew Kvarda as Interim Chief Financial Officer and principal financial officer of the Company, effective November 5, 2026 ("Appointment Date"), to serve until a permanent Chief Financial Officer is appointed. Mr. Kvarda succeeds Craig Conti, who, as previously disclosed, will resign as Executive Vice President and Chief Financial Officer of the Company effective November 4, 20261. The Board, with the assistance of an executive search firm, Spencer Stuart, is conducting a search for a permanent Chief Financial Officer2.

Mr. Kvarda, age 56, is a Managing Director with Alvarez & Marsal North America, LLC ("A&M"), where he has worked since 2004.3 3At A&M, Mr. Kvarda has served as Interim Chief Financial Officer or Interim senior management for a variety of public and non-public companies3 including Jacuzzi Brands, TEAM, Inc., Revlon, Inc. and 23andMe. Prior to joining A&M, Mr. Kvarda was a Senior Director at KPMG LLP from 2002 to 2003 and a Senior Director with Arthur Andersen & Co. from 1996 to 2002, and he served as an Assistant Vice President at Bank of America from 1992 to 1996. Mr. Kvarda earned a bachelor's degree in economics from the University of California, San Diego, and an MBA from the University of California, Los Angeles.

Mr. Kvarda's services are provided pursuant to an engagement letter, dated October 25, 2026, between the Company and A&M (the "Engagement Letter")4. Under the Engagement Letter, A&M will also provide consulting services to the Company at the direction of the Company's Chief Executive Officer5 pursuant to which A&M will advise the Company on liquidity, business plan and financial reporting matters from the commencement of such services through the Appointment Date. The Company

Item 9.01

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