NextDecade Corp. Files 8-K on Director and Officer Changes
Ticker: NEXT · Form: 8-K · Filed: Oct 17, 2024 · CIK: 1612720
| Field | Detail |
|---|---|
| Company | Nextdecade CORP. (NEXT) |
| Form Type | 8-K |
| Filed Date | Oct 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, executive-compensation, governance
TL;DR
NextDecade board shakeup and comp changes filed. Watch for new exec strategy.
AI Summary
On October 17, 2024, NextDecade Corporation filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates the election of new directors and potential adjustments to compensatory plans for its officers.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company strategy and performance.
Key Numbers
- 001-36842 — SEC File Number (Identifies the company's filing with the SEC.)
- 46-5723951 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- NextDecade Corporation (company) — Registrant
- October 17, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- Harmony Merger Corp. (company) — Former Company Name
- 713-574-1880 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors, but the specific names and details of the changes are not provided in the summary information.
What are the details of the compensatory arrangements for certain officers?
The filing mentions compensatory arrangements of certain officers as an item reported, but the specific details of these arrangements are not elaborated in the provided text.
When was NextDecade Corporation incorporated?
NextDecade Corporation was incorporated in Delaware.
What was the former name of NextDecade Corporation?
The former name of NextDecade Corporation was Harmony Merger Corp.
What is the primary business of NextDecade Corporation?
NextDecade Corporation is in the NATURAL GAS TRANSMISSION & DISTRIBUTION industry.
Filing Stats: 805 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2024-10-17 16:32:56
Key Financial Figures
- $0.0001 — ge on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market
Filing Documents
- next-20241017.htm (8-K) — 29KB
- next-20241017_g1.jpg (GRAPHIC) — 228KB
- 0001628280-24-043038.txt ( ) — 731KB
- next-20241017.xsd (EX-101.SCH) — 2KB
- next-20241017_lab.xml (EX-101.LAB) — 22KB
- next-20241017_pre.xml (EX-101.PRE) — 13KB
- next-20241017_htm.xml (XML) — 3KB
From the Filing
next-20241017 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): October 17, 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 October 16, 2024, pursuant to the terms of that certain Purchaser Rights Agreement, dated as of June 14, 2023, (the " Purchaser Rights Agreement ") by and between NextDecade Corporation (the " Company ") and Global LNG North America Corp., the Board of Directors (the " Board ") of the Company appointed Arnaud Lenail-Chouteau as a Class A director of the Board. Mr. Lenail-Chouteau will serve as a Class A director until the Company's 2025 annual meeting of stockholders or until his successor is duly elected and qualified or the earlier of his death, resignation or removal. As reported in the Company's Current Report on Form 8-K filed on September 26, 2024, Thibaud de Prval previously notified the Company of his intent to resign from the Board, and his resignation was effective as of the date of Mr. Lenail-Chouteau's appointment to the Board. Mr. Lenail-Chouteau, 50, has over 25 years of experience at TotalEnergies, a multi-energy company that produces and markets fuels, natural gas and electricity, across a wide range of disciplines, including oil and gas exploration, geoscience, business development, asset management and strategy, carbon capture and other decarbonization initiatives. Since July 2023, Mr. Lenail-Chouteau has served as Vice President, LNG Assets and Business Development, with various mandates as director or president of certain TotalEnergies affiliates. Prior to such role, he served as Vice President, Exploration Strategy from September 2021 to June 2023 and as Vice President, Business Gas and Planning with TotalEnergies' affiliate in Abu Dhabi from September 2019 to September 2021. Mr. Lenail-Chouteau has received Master of Science degrees from the Universit Pierre et Marie Curie and the French Petroleum Institute (IFP School) and a Master of Public Administration degree from Collge des Hautes Etudes de L'institut Diplomatique (College of Advanced Studies of the Diplomatic Institute). Mr. Lenail-Chouteau was designated as a director by Global LNG North America Corp. pursuant to the Purchaser Rights Agreement. The Board believes that Mr. Lenail-Chouteau's extensive experience in the oil and gas exploration, LNG and carbon capture sectors provides Mr. Lenail-Chouteau with the qualifications and skills to serve as a Company director. There are no family relationships between Mr. Lenail-Chouteau and any other director or executive officer of the Company. As a director nominated to the Board pursuant to an agreement with the Company, Mr. Lenail-Chouteau will be entitled to reimbursement of reasonable out-of-pocket expenses incurred in connection with attending meetings of the Board. Mr. Lenail-Chouteau has no direct or indirect material interest in any transactions required to be disclosed p