Parsons Corporation filed an 8-K on October 28, 2026, disclosing that Chief Financial Officer Matt Ofilos resigned effective November 6, 2026, and that the board appointed former CFO George Ball as Interim CFO on the same effective date.

Key Highlights

  • CFO resignation: Matt Ofilos notified Parsons Corporation on October 23, 2026, of his decision to resign as Chief Financial Officer, effective November 6, 2026, to pursue another professional opportunity.
  • No disagreement stated: According to the filing, Ofilos' "resignation is not the result of any disagreement with the Corporation on any matter relating to the Corporation's operations, policies or practices."
  • Interim CFO appointed: The board of directors appointed George Ball as Interim CFO on October 26, 2026, also effective November 6, 2026.
  • Prior CFO tenure: Ball served as the Corporation's CFO from 2008 to 2022 and joined the board of directors in 2022, the filing disclosed.
  • RSU compensation: Ball will receive a $2,400,000 award of restricted stock units vesting on the one-year anniversary of the award, subject to pro-ration based on his actual service period as Interim CFO.
  • Board seat retained: Ball will continue to serve as a board member while acting as Interim CFO but will not receive additional cash or equity compensation for that board service.

Parsons Corporation CFO Transition: Ofilos Out, Ball Returns in Interim Role

Parsons Corporation (NYSE:PSN) disclosed the departure of its Chief Financial Officer and the appointment of a replacement on an interim basis, according to a Current Report filed under Item 5.02 of Form 8-K. Matt Ofilos informed the company on October 23, 2026, that he would leave his CFO position effective November 6, 2026. The filing states the resignation is to "pursue another professional opportunity" and explicitly notes it does not stem from any disagreement with the corporation over its operations, policies, or practices.

The company's board of directors moved quickly to fill the role, voting on October 26, 2026, to appoint George Ball as Interim CFO with the same November 6 effective date. Ball's history with Parsons is significant: he served as the company's CFO for 14 years, from 2008 to 2022, before transitioning to the board of directors in 2022. The filing notes that biographical information about Ball is incorporated by reference from the Corporation's 2026 proxy statement filed with the SEC on March 2, 2026.

As compensation for the interim role, the filing discloses that Ball will receive a $2,400,000 restricted stock unit award vesting on the one-year anniversary of the grant date. The final number of vested RSUs will be subject to pro-ration based on Ball's actual service period as Interim CFO during the vesting year. The filing also states that while serving as Interim CFO, Ball will not receive any additional cash or equity compensation for his continued board membership. Ball does not currently serve on any board committees, according to the filing.

What Was Disclosed

Parsons Corporation disclosed the resignation of CFO Matt Ofilos effective November 6, 2026, and the appointment of former CFO and current board member George Ball as Interim CFO, effective the same date, with a $2,400,000 RSU award as compensation for the interim role.