Company: BWNB
Filing Date: 2025-11-21
Form Type: 8-K
Source: 0001104659-25-115041
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Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-21
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 21, 2025, Henry E. Bartoli informed
the Board of Directors (the “ Board”) of Babcock & Wilcox Enterprises, Inc. (the “ Company”) of his
decision to retire from the Board for personal reasons, effective immediately. Mr. Bartoli’s retirement is not due to any disagreement
with or concerning the Company. The Board thanks Mr. Bartoli for his many years of service and wishes him the best.

On the same date, in connection with Mr. Bartoli’s
retirement, (i) Mr. Bartoli and the Company agreed to terminate the Consulting Agreement between The Babcock & Wilcox
Company and Henry Bartoli dated November 5, 2020, as amended, effective immediately (the “ Consulting Termination Agreement”),
and (ii) Mr. Bartoli and the Company entered into a Director Retirement Agreement dated November 21, 2025 (the “ Director
Retirement Agreement”). Pursuant to the Consulting Termination Agreement and the Director Retirement Agreement, Mr. Bartoli
will still be paid the $12,500 monthly consulting fee otherwise payable under his Consulting Agreement for December 2025, the Company
will pay Mr. Bartoli an additional $28,000 (which amount includes his accrued and unpaid cash fees and expenses for serving as a
member of the Board), and the Company accelerated the vesting of all outstanding and unvested restricted stock units previously granted
by the Company to Mr. Bartoli.

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