Verra Mobility Corporation filed an 8-K on October 30, 2026, disclosing the appointment of Matthew Kvarda as Interim Chief Financial Officer and principal financial officer, effective November 5, 2026, succeeding Craig Conti, who is set to resign on November 4, 2026.

Key Highlights

  • Appointment effective November 5, 2026: Matthew Kvarda, age 56, will serve as Interim Chief Financial Officer and principal financial officer until a permanent CFO is named.
  • Alvarez and Marsal engagement: Kvarda is a Managing Director at Alvarez and Marsal North America, LLC and will remain an A&M employee, receiving no direct compensation from Verra Mobility.
  • Tiered monthly fee structure: The company will pay A&M $150,000 per month (plus expenses) through April 30, 2027; $165,000 per month from May 1, 2027 through October 31, 2027; and $180,000 per month thereafter, each prorated for partial months.
  • Fee cap through October 31, 2027: Aggregate fees payable to A&M (excluding expenses) through October 31, 2027 may not exceed $1,890,000 without the company's prior written consent.
  • Retainer of $150,000: The company will pay A&M a retainer of $150,000, to be credited against amounts due at the end of the engagement.
  • Executive search underway: The Board, with assistance from executive search firm Spencer Stuart, is conducting a search for a permanent Chief Financial Officer.

Verra Mobility Appoints Alvarez and Marsal's Kvarda as Interim CFO

According to the filing, Verra Mobility Corporation (NASDAQ:VRRM) disclosed that its Board of Directors appointed Matthew Kvarda as Interim Chief Financial Officer and principal financial officer, effective November 5, 2026. Kvarda succeeds Craig Conti, who, as the filing notes "as previously disclosed," will resign as Executive Vice President and Chief Financial Officer on November 4, 2026. Conti signed the 8-K on behalf of the registrant in his capacity as CFO on the October 30, 2026 filing date.

The filing describes Kvarda as a Managing Director at Alvarez and Marsal North America, LLC, where he has worked since 2004. His prior interim CFO and senior management roles, according to the filing, include engagements at Jacuzzi Brands, TEAM, Inc., Revlon, Inc., and 23andMe. Before joining A&M, the filing states he served as a Senior Director at KPMG LLP from 2002 to 2003, a Senior Director with Arthur Andersen and Co. from 1996 to 2002, and an Assistant Vice President at Bank of America from 1992 to 1996. He holds a bachelor's degree in economics from the University of California, San Diego, and an MBA from the University of California, Los Angeles, according to the filing.

The company's engagement with A&M is governed by an engagement letter dated October 25, 2026. The filing notes that A&M will also provide advisory services to the company on "liquidity, business plan and financial reporting matters" from the commencement of those services through the Appointment Date, at the direction of the company's Chief Executive Officer. The filing further states that the engagement letter includes customary confidentiality and non-solicitation provisions, a one-year restriction on Kvarda providing services to specified competitors, and indemnification provisions covering A&M and its personnel acting as officers. The company also intends to enter its standard form of indemnity agreement with Kvarda on the Appointment Date and will cover him under its director and officer liability insurance policies.

What Was Disclosed

Verra Mobility Corporation reported the appointment of Matthew Kvarda of Alvarez and Marsal North America, LLC as Interim CFO, effective November 5, 2026, under a tiered fee arrangement not to exceed $1,890,000 through October 31, 2027, while a permanent CFO search continues with Spencer Stuart.