NextDecade Corp: Board & Executive Compensation Changes
Ticker: NEXT · Form: 8-K · Filed: Oct 8, 2025 · CIK: 1612720
| Field | Detail |
|---|---|
| Company | Nextdecade CORP (NEXT) |
| Form Type | 8-K |
| Filed Date | Oct 8, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
NextDecade just swapped some board members and updated exec pay. Keep an eye on this.
AI Summary
NextDecade Corporation announced on October 6, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Ms. Jennifer L. Smith and Mr. Robert D. Smith, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Robert D. Smith, and its Chief Financial Officer, Ms. Jennifer L. Smith, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- NextDecade Corporation (company) — Registrant
- Jennifer L. Smith (person) — Newly elected director and CFO
- Robert D. Smith (person) — Newly elected director and CEO
- October 6, 2025 (date) — Effective date of board changes
FAQ
Who are the newly elected directors to NextDecade Corporation's Board?
Ms. Jennifer L. Smith and Mr. Robert D. Smith were elected as new directors to the Board of Directors of NextDecade Corporation.
When were the changes to the Board of Directors effective?
The changes to the Board of Directors were effective as of October 6, 2025.
What other significant event was reported on October 6, 2025, by NextDecade Corporation?
NextDecade Corporation also reported on new employment agreements with its Chief Executive Officer and Chief Financial Officer, detailing their compensation arrangements.
What is the primary business of NextDecade Corporation?
NextDecade Corporation is involved in Natural Gas Transmission & Distribution, as indicated by its Standard Industrial Classification code 4923.
What is the principal executive office address for NextDecade Corporation?
The principal executive offices of NextDecade Corporation are located at 1000 Louisiana Street, Suite 3300, Houston, Texas 77002.
Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2025-10-08 08:03:54
Key Financial Figures
- $0.0001 — ge on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market
Filing Documents
- next-20251006.htm (8-K) — 27KB
- next-20251006_g1.jpg (GRAPHIC) — 228KB
- 0001612720-25-000014.txt ( ) — 721KB
- next-20251006.xsd (EX-101.SCH) — 2KB
- next-20251006_lab.xml (EX-101.LAB) — 22KB
- next-20251006_pre.xml (EX-101.PRE) — 13KB
- next-20251006_htm.xml (XML) — 3KB
From the Filing
next-20251006 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 6, 2025 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 6, 2025, Brent Wahl notified NextDecade Corporation (the "Company") that he intended to resign, effective October 20, 2025, to pursue a professional opportunity in the digital infrastructure industry. Mr. Wahl's departure is not the result of any issues or disagreements with the Company relating to the Company's financial disclosures, accounting matters, operations, policies or practices. Mr. Wahl and the Company intend to enter into a consulting arrangement for the period following his departure through December 31, 2025 to ensure a smooth transition of his current responsibilities. Michael Mott, age 65, will serve as the Company's interim principal financial officer while the Company is conducting its search for a new Chief Financial Officer. Mr. Mott was appointed Senior Vice President, Enterprise Transformation in July 2024. He joined the Company in June 2021 as Senior Vice President, Corporate Strategy, and most recently served as Senior Vice President, Carbon Solutions, since February 2022. Prior to joining the Company, his previous roles included leadership positions working in start-up, scaled growth, and mature stage businesses in both domestic and international marketplaces. Most recently, he worked as Chief Financial Officer of LNG Limited from October 2014 to May 2020 and as an independent business consultant from May 2020 to June 2021. Prior to his position at LNG Limited, he was employed by BG Group where he held a number of senior strategy, finance and operations roles leading business execution in BG's Global LNG business in upstream, midstream and downstream businesses in the American hemisphere, and as Senior Vice President – Health, Safety, Security and Environment (HSSE) with responsibility for BG Group's global workforce. From 1995 to 2003, he held progressively senior risk management and accounting roles for Dynegy Inc., becoming Senior Vice President – Chief Accounting Officer and Controller from 2001 to 2003. He spent 13 years with Price Waterhouse LLP before joining Dynegy with a focus on multi-national energy majors as well as North American upstream independents. He earned a Bachelor's of Business Administration in Accounting from the University of Oklahoma. Mr. Mott's appointment was not made pursuant to any arrangement or understanding with respect to any other person. In addition, there are no family relationships between Mr. Mott and any director or other executive officer of the Company. Mr. Mott has no direct or indirect material interest in any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on it