Item 8.01 Other Events.

On November 5, 2020, The Babcock & Wilcox Company (the "B&W Company"), a wholly-owned subsidiary of Babcock & Wilcox Enterprises, Inc. (the "Company"), entered into a Consultant Agreement with Henry E. Bartoli, a member of the Company's board of directors, to take effect January 1, 2021 (the "Consulting Agreement"). Pursuant to the Consulting Agreement, Mr. Bartoli provided consulting services to the B&W Company for a one-year term ending December 31, 2021. On January 5, 2022, the B&W Company and Mr. Bartoli entered into an amendment to the Consulting Agreement (the "Amendment") that extends the term of the Consulting Agreement through December 31, 2023, subject to earlier termination by either party with thirty days' written notice. The Amendment also provides that as consideration for his consulting services during the extended term, Mr. Bartoli will receive (1) a $18,750 monthly fee, (2) 100,000 restricted stock units which will vest 25% on each of June 30, 2022, December 31, 2022, June 30, 2023 and December 31, 2023, subject to Mr. Bartoli's continued service through the applicable vesting date, and (3) an opportunity to earn incentive awards of $50,000 for each specified project booked or completed while Mr. Bartoli is serving as a consultant of the B&W Company. The foregoing description is qualified in its entirety by reference to the text of the Amendment, a copy of which is filed as Exhibit 10.1 to this report, and the Consulting Agreement, a copy of which is filed as Exhibit 10.3 to the Company's Current Report on Form 8-K filed with the SEC on November 10, 2020, each incorporated herein by this reference.

Item 9.01 Financial Statements and Exhibits.






(d)     Exhibits



Exhibit No.   Description
  10.1          Amendment to Consultant Agreement by and between The Babcock &
              Wilcox Company and Henry E. Bartoli, dated January 5, 2022.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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