NextDecade Corp. Announces Executive and Board Changes
Ticker: NEXT · Form: 8-K · Filed: Sep 26, 2024 · CIK: 1612720
| Field | Detail |
|---|---|
| Company | Nextdecade CORP. (NEXT) |
| Form Type | 8-K |
| Filed Date | Sep 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, governance
TL;DR
NextDecade leadership shake-up: new execs and directors appointed.
AI Summary
NextDecade Corporation announced on September 23, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names and dollar amounts related to these changes are not detailed in this initial summary but are expected within the full filing.
Why It Matters
Changes in leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and execution, warranting closer monitoring by investors.
Key Numbers
- 001-36842 — SEC File Number (Identifies the company's filings with the SEC.)
- 46-5723951 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- NextDecade Corporation (company) — Registrant
- Harmony Merger Corp. (company) — Former company name
FAQ
What specific roles have been affected by the executive and director changes?
The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' suggesting shifts in key leadership positions.
When did these changes become effective?
The date of the earliest event reported is September 23, 2024, and the filing is as of September 26, 2024.
Are there any details on new compensatory arrangements for officers?
The filing explicitly mentions 'Compensatory Arrangements of Certain Officers' as an item being reported, indicating that details on executive compensation are included.
What is NextDecade Corporation's primary business?
NextDecade Corporation is in the 'NATURAL GAS TRANSMISSION & DISTRIBUTION' industry, as indicated by its SIC code 4923.
Has NextDecade Corporation undergone a name change previously?
Yes, the company was formerly known as Harmony Merger Corp. and changed its name on July 3, 2014.
Filing Stats: 550 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-09-26 09:04:20
Key Financial Figures
- $0.0001 — ge on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market
Filing Documents
- next-20240923.htm (8-K) — 26KB
- next-20240923_g1.jpg (GRAPHIC) — 228KB
- 0001628280-24-041325.txt ( ) — 727KB
- next-20240923.xsd (EX-101.SCH) — 2KB
- next-20240923_lab.xml (EX-101.LAB) — 22KB
- next-20240923_pre.xml (EX-101.PRE) — 13KB
- next-20240923_htm.xml (XML) — 3KB
From the Filing
next-20240923 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 23, 2024 NEXTDECADE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-36842 46-5723951 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 1000 Louisiana Street , Suite 3300 Houston , Texas 77002 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: ( 713 ) 574-1880 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol Name of each exchange on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 23, 2024, NextDecade Corporation (the " Company ") received notice from Mr. Thibaud de Prval of his intent to resign from the Company's Board of Directors (the " Board "). Mr. de Prval was initially appointed to the Board in August 2023 pursuant to that certain Purchaser Rights Agreement between the Company and Global LNG North America Corp., an affiliate of TotalEnergies, dated as of June 14, 2023 (the " Purchaser Rights Agreement "). Mr. de Prval indicated that he would be resigning from the Board as a result of taking on a new position within TotalEnergies and not due to any disagreements with the Company on any matter relating to the Company's operations, policies or practices. Global LNG North America Corp. has informed the Company that it intends to designate a replacement director on the Company's Board in accordance with the Purchaser Rights Agreement in the near term, and Mr. de Prval resignation will be effective as of the date such replacement director is appointed to the Board. SIGNATURE 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. Dated: September 26, 2024 NEXTDECADE CORPORATION By: /s/ Vera de Gyarfas Name: Vera de Gyarfas Title: General Counsel