NGS Reports Executive Compensation Changes, Officer Departures/Elections

TL;DR

**NGS just reported executive changes and new pay deals, watch for strategic shifts.**

AI Summary

Natural Gas Services Group, Inc. (NGS) filed an 8-K on February 1, 2024, reporting an event that occurred on January 29, 2024. This filing indicates a change in executive compensation arrangements, specifically related to the departure or election of certain officers. For investors, this matters because changes in executive compensation or leadership can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership and compensation can influence a company's strategic direction and operational efficiency, directly affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — Changes in executive compensation and officer roles can introduce uncertainty regarding future company performance and stability, warranting a medium risk assessment.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements to understand their potential impact on the company's future strategy and financial outlook.

Key Players & Entities

• NATURAL GAS SERVICES GROUP, INC. (company) — Registrant
• January 29, 2024 (date) — Date of Earliest Event Reported
• February 1, 2024 (date) — Filed As Of Date
• Colorado (company) — State of Incorporation
• NGS (company) — Trading Symbol on NYSE
• $0.01 (dollar_amount) — Par Value of Common Stock

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, Par Value $0.01 NGS NYSE Indicate by check mark wheth
• $525,000 — Jacobs's initial annual base salary is $525,000 (" Base Salary ") and will be reviewed
• $30,000 — pay Mr. Jacobs a cash signing bonus of $30,000 and grant Mr. Jacobs a performance stoc
• $100,000 — ance stock unit ("PSU") award valued at $100,000. The PSU will vest based on total share

Filing Documents

• ngs-20240129.htm (8-K) — 46KB
• jacobemploymentagreement.htm (EX-10.1) — 99KB
• jacobsnoncompeteagreemen.htm (EX-10.2) — 4KB
• jacobsproprightsagreemen.htm (EX-10.3) — 2KB
• a991pressreleasejustinjaco.htm (EX-99.1) — 8KB
• jacobsnoncompeteagreemen001.jpg (GRAPHIC) — 210KB
• jacobsnoncompeteagreemen002.jpg (GRAPHIC) — 212KB
• jacobsnoncompeteagreemen003.jpg (GRAPHIC) — 178KB
• jacobsnoncompeteagreemen004.jpg (GRAPHIC) — 210KB
• jacobsnoncompeteagreemen005.jpg (GRAPHIC) — 210KB
• jacobsnoncompeteagreemen006.jpg (GRAPHIC) — 233KB
• jacobsnoncompeteagreemen007.jpg (GRAPHIC) — 223KB
• jacobsnoncompeteagreemen008.jpg (GRAPHIC) — 239KB
• jacobsnoncompeteagreemen009.jpg (GRAPHIC) — 183KB
• jacobsnoncompeteagreemen010.jpg (GRAPHIC) — 48KB
• jacobsnoncompeteagreemen011.jpg (GRAPHIC) — 52KB
• jacobsproprightsagreemen001.jpg (GRAPHIC) — 233KB
• jacobsproprightsagreemen002.jpg (GRAPHIC) — 229KB
• jacobsproprightsagreemen003.jpg (GRAPHIC) — 264KB
• jacobsproprightsagreemen004.jpg (GRAPHIC) — 229KB
• jacobsproprightsagreemen005.jpg (GRAPHIC) — 255KB
• jacobsproprightsagreemen006.jpg (GRAPHIC) — 49KB
• 0001084991-24-000008.txt ( ) — 4794KB
• ngs-20240129.xsd (EX-101.SCH) — 2KB
• ngs-20240129_lab.xml (EX-101.LAB) — 24KB
• ngs-20240129_pre.xml (EX-101.PRE) — 12KB
• ngs-20240129_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On February 1, 2024, the Company issued a press release announcing the appointment of Mr. Jacobs as its Chief Executive Officer. A copy of this press release is filed herewith as Exhibit 99.1 and is hereby incorporated by reference. The press release filed herewith as Exhibit 99.1 is being furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liability under that section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are included with this Current Report on Form 8-K: Exhibit No. Description 10.1 Employment Agreement between Justin C. Jacobs and Natural Gas Services Group, Inc. dated January 29, 2024. 10.2 Employee Non-Compete Agreement between Justin C. Jacobs and Natural Gas Services Group, Inc. dated January 29, 2024. 10.3 Employee Proprietary Rights Agreement between Justin C. Jacobs and Natural Gas Services Group, Inc. dated January 29, 2024. 99.1 Press Release dated February 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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. NATURAL GAS SERVICES GROUP, INC. Date: By: /s/ Stephen C. Taylor February 1, 2024 Stephen C. Taylor Interim Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR