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- Departure of CEO (new) — Current CEO Talman Pizzey is retiring, representing a significant leadership transition, though it appears planned with Board continuity and consulting role.
TIC Solutions CEO Pizzey retiring March 31; COO Heraud promoted to succeed him
Filed March 12, 2026 · Period ending March 12, 2026 · ~1 min read
Key Changes
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CEO Talman Pizzey retiring effective March 31, 2026, but will remain on the Board and consult through year-end. Benjamin Heraud, current President and COO, appointed as successor CEO.
Item 5.02 verify on EDGAR → -
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New CEO Heraud to receive $700K base salary, 100% target bonus (200% stretch for 2026), and annual equity worth 250% of base—total target comp annually.
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Departing CEO Pizzey receives accelerated vesting of time-based equity and partial retention of performance shares (110K 2024 PSUs, 73K of 147K 2025 PSUs), with remaining PSUs forfeited.
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Company announced Q4 and full-year 2025 financial results via press release on March 12, 2026. Actual figures are in the attached exhibit, not disclosed in the 8-K body.
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Filing references company name change from Acuren Corporation to TIC Solutions, Inc., providing context for the corporate identity.
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Summary
TIC Solutions disclosed a planned CEO transition alongside its Q4 2025 earnings announcement. Talman Pizzey will retire as CEO on March 31, 2026, but remain on the Board and provide consulting services through year-end, suggesting an orderly handoff. His successor, Benjamin Heraud, is the current President and COO who joined TIC Solutions through the August 2025 merger with NV5 Global, where he served as CEO.
This represents internal succession from recently integrated leadership. Heraud's compensation package totals $700,000 in target annual pay, including a $700,000 base salary and substantial equity incentives. Pizzey will receive partial vesting of performance-based equity awards contingent on a release of claims and non-compete covenants.
The company also announced Q4 and full-year 2025 financial results, though the actual numbers are in the press release exhibit rather than the 8-K body. Retail investors should watch how the leadership transition affects integration of the NV5 merger and whether Heraud's operational background translates to improved financial performance. The next quarterly filing should reveal whether the CEO change impacts strategic direction or execution.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Item 2.02 — Results of Operations and Financial Condition filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 12, 2026, TIC Solutions, Inc. (formerly Acuren Corporation, the "Company") issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2025.
The company disclosed financial results for the fourth quarter and full year ended December 31, 2025 through a press release. The 8-K itself does not contain the actual financial figures; those are in the attached press release exhibit. This is a standard earnings announcement filing.
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TIC Solutions, Inc. (formerly Acuren Corporation, the "Company")
The filing indicates the company was formerly known as Acuren Corporation and is now TIC Solutions, Inc. This name change context is provided in the earnings announcement disclosure.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 12, 2026, the Company announced that Talman Pizzey will retire from his position as Chief Executive Officer (“CEO”), effective March 31, 2026 (the “Effective Date”). In connection with Mr. Pizzey’s retirement, the Company intends to enter into a Separation and Release Agreement (the “Separation Agreement”) with Mr. Pizzey pursuant to which he will agree to assist the Company with transition matters in a consulting role until December 31, 2026. Mr. Pizzey will continue to serve on the Company’s Board of Directors.
The current CEO Talman Pizzey is retiring effective March 31, 2026, but will remain on the Board and provide consulting services through year-end. This represents a planned leadership transition rather than an abrupt departure.
Added in current filing · verify on EDGAR →
In connection with Mr. Pizzey’s departure, on March 10, 2026, the Board of Directors of the Company (the “Board”) appointed Benjamin Heraud, currently the President and Chief Operating Officer of the Company, to succeed Mr. Pizzey as CEO of the Company, effective as of the Effective Date. Mr. Heraud, age 44, brings more than 20 years of technical experience in the field of energy management consulting, building systems commissioning, analytics and design oversight. Since August 2025, Mr. Heraud has served as Chief Operating Officer of the Company. Prior to that, Mr. Heraud served as Chief Executive Officer of NV5 Global, Inc. (“NV5”) from January 2025 until the consummation of its merger with the Company in August 2025.
Benjamin Heraud, the current President and COO, will become CEO on March 31, 2026. He has 20 years of energy management experience and was CEO of NV5 Global before its merger with TIC Solutions in August 2025, representing internal succession from a recently acquired company.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
In addition, if the Company terminates Mr. Heraud’s employment without Cause or if Mr. Heraud terminates his employment for Good Reason (as defined in the Heraud Employment Agreement), Mr. Heraud will be entitled to receive (i) his base salary for one year from the date of termination, (ii) his pro-rata annual bonus for the year in which the termination occurs, (iii) any earned and accrued but unpaid base salary up to the date of termination, (iv) any unpaid annual bonus with respect to any completed fiscal year, (v) his vested employee benefits and (vi) continued COBRA benefits for 12 months following the date of termination.
If terminated without cause or if he resigns for good reason, the new CEO will receive one year of base salary, pro-rata bonus, accrued compensation, and 12 months of COBRA benefits. This represents standard executive severance protection.
Event · Item 9.01 — Financial Statements and Exhibits
TIC Solutions filed an 8-K attaching a press release issued March 12, 2026; no material event details disclosed in the filing body.
Added in current filing · view on EDGAR →
99.1
Press Release Issued by TIC Solutions, Inc. on March 12, 2026
The company filed an 8-K referencing a press release dated March 12, 2026, but the filing body does not disclose the content or subject matter of that release. Without access to Exhibit 99.1, the nature and materiality of the announced event cannot be determined from this filing.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 19, 2026 · How we verify