Intuitive Machines Appoints New CTO, Updates CEO Agreement
Ticker: LUNR · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1844452
Sentiment: neutral
Topics: executive-appointment, employment-agreement, management-change
Related Tickers: IMSI
TL;DR
IMSI names new CTO, G.ranjbar, effective Sept 4. Shepard's CEO contract also updated.
AI Summary
Intuitive Machines, Inc. announced on September 9, 2024, that its Board of Directors appointed Dr. Kam G.ranjbar as Chief Technology Officer, effective September 4, 2024. Dr. G.ranjbar previously served as the company's Vice President of Engineering. The company also disclosed that it has entered into a new employment agreement with its Chief Executive Officer, Mr. Michael L. Shepard.
Why It Matters
The appointment of a new Chief Technology Officer and updates to executive employment agreements can signal strategic shifts or reinforce leadership stability within the company.
Risk Assessment
Risk Level: low — This filing primarily concerns executive appointments and employment agreements, which are routine corporate governance matters.
Key Players & Entities
- Intuitive Machines, Inc. (company) — Registrant
- Dr. Kam G.ranjbar (person) — Appointed Chief Technology Officer
- September 4, 2024 (date) — Effective date of CTO appointment
- Mr. Michael L. Shepard (person) — Chief Executive Officer
- September 9, 2024 (date) — Date of report
FAQ
Who has been appointed as the new Chief Technology Officer of Intuitive Machines, Inc.?
Dr. Kam G.ranjbar has been appointed as the new Chief Technology Officer.
When was the appointment of the new Chief Technology Officer effective?
The appointment was effective September 4, 2024.
What was Dr. Kam G.ranjbar's previous role at Intuitive Machines, Inc.?
Dr. Kam G.ranjbar previously served as the company's Vice President of Engineering.
Has there been any update regarding the Chief Executive Officer's employment agreement?
Yes, the company has entered into a new employment agreement with its Chief Executive Officer, Mr. Michael L. Shepard.
What is the date of this current report filing?
The date of this current report is September 9, 2024.
Filing Stats: 896 words · 4 min read · ~3 pages · Grade level 9.5 · Accepted 2024-09-09 07:47:43
Key Financial Figures
- $0.0001 — stered Class A Common stock, par value $0.0001 per share LUNR The Nasdaq Stock Market
- $11.50 — mon stock, each at an exercise price of $11.50 per share LUNRW The Nasdaq Stock Market
- $450,000 — annual base salary will be increased to $450,000 and he will have the opportunity to ear
Filing Documents
- lunr-20240909.htm (8-K) — 33KB
- ex991leadershipappointments.htm (EX-99.1) — 9KB
- 0001844452-24-000110.txt ( ) — 213KB
- lunr-20240909.xsd (EX-101.SCH) — 3KB
- lunr-20240909_def.xml (EX-101.DEF) — 16KB
- lunr-20240909_lab.xml (EX-101.LAB) — 29KB
- lunr-20240909_pre.xml (EX-101.PRE) — 16KB
- lunr-20240909_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On September 9, 2024, the Company issued a press release announcing the foregoing leadership changes. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated in this Item 7.01 by reference. The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act ") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release, dated as of September 9, 2024 104 Cover Page Interactive Data File (embedded within the inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 9, 2024 INTUITIVE MACHINES, INC. By: /s/ Stephen J. Altemus Name: Stephen J. Altemus Title: President and Chief Executive Officer 1