NGS Reports Director/Officer Changes and Compensatory Arrangements
Ticker: NGS · Form: 8-K · Filed: Nov 7, 2024 · CIK: 1084991
| Field | Detail |
|---|---|
| Company | Natural Gas Services Group INC (NGS) |
| Form Type | 8-K |
| Filed Date | Nov 7, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $415,000, $50,000, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, compensation
Related Tickers: NGS
TL;DR
NGS filed an 8-K detailing board and exec changes, plus compensation info.
AI Summary
Natural Gas Services Group, Inc. (NGS) filed an 8-K on November 7, 2024, reporting on events as of November 1, 2024. The filing primarily concerns the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. It also includes information on other events and financial statements/exhibits.
Why It Matters
Changes in a company's board of directors and executive officers, along with details on their compensation, can signal shifts in strategy or governance that may impact future performance.
Risk Assessment
Risk Level: medium — Changes in key personnel and compensation can indicate underlying business shifts or governance issues that may affect the company's stability and future prospects.
Key Players & Entities
- NATURAL GAS SERVICES GROUP INC (company) — Registrant
- 0001084991-24-000107 (filing_id) — Accession Number
- November 1, 2024 (date) — Earliest Event Reported
- November 7, 2024 (date) — Filing Date
- 404 Veterans Airpark Lane, Suite 300 Midland, TX 79705 (address) — Principal Executive Offices
FAQ
What specific director or officer departures are detailed in this filing?
The filing indicates "Departure of Directors or Certain Officers" as an item of information, but the specific names and details of these departures are not provided in the provided text excerpt.
Who were elected as new directors?
The filing lists "Election of Directors" as an item of information, but the names of the newly elected directors are not specified in the provided text excerpt.
Were there any appointments of new officers?
Yes, the filing includes "Appointment of Certain Officers" as an item of information, but the specific individuals appointed are not named in the provided text excerpt.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on the departure/election of directors, appointment of officers, and related compensatory arrangements, as well as other events and financial statements/exhibits.
What is the company's principal executive office address?
The company's principal executive office is located at 404 Veterans Airpark Lane, Suite 300, Midland, TX 79705.
Filing Stats: 1,724 words · 7 min read · ~6 pages · Grade level 10.6 · Accepted 2024-11-07 16:23:43
Key Financial Figures
- $0.01 — ich registered Common Stock, Par Value $0.01 NGS NYSE Indicate by check mark wheth
- $415,000 — Eckert's initial annual base salary is $415,000 (" Base Salary ") and will be reviewed
- $50,000 — eceive a one-time cash signing bonus of $50,000 payable upon the first regular payroll
- $200,000 — r 2024, Mr. Eckert's cash bonus will be $200,000. After 2024, Mr. Eckert will have the o
Filing Documents
- ngs-20241101.htm (8-K) — 42KB
- ex101employmentagreement.htm (EX-10.1) — 37KB
- a991pressreleaseappointmen.htm (EX-99.1) — 8KB
- ex101employmentagreement001.jpg (GRAPHIC) — 222KB
- ex101employmentagreement002.jpg (GRAPHIC) — 246KB
- ex101employmentagreement003.jpg (GRAPHIC) — 268KB
- ex101employmentagreement004.jpg (GRAPHIC) — 254KB
- ex101employmentagreement005.jpg (GRAPHIC) — 198KB
- ex101employmentagreement006.jpg (GRAPHIC) — 243KB
- ex101employmentagreement007.jpg (GRAPHIC) — 269KB
- ex101employmentagreement008.jpg (GRAPHIC) — 269KB
- ex101employmentagreement009.jpg (GRAPHIC) — 286KB
- ex101employmentagreement010.jpg (GRAPHIC) — 260KB
- ex101employmentagreement011.jpg (GRAPHIC) — 161KB
- ex101employmentagreement012.jpg (GRAPHIC) — 65KB
- ex101employmentagreement013.jpg (GRAPHIC) — 44KB
- image_0a.jpg (GRAPHIC) — 15KB
- 0001084991-24-000107.txt ( ) — 4088KB
- ngs-20241101.xsd (EX-101.SCH) — 2KB
- ngs-20241101_lab.xml (EX-101.LAB) — 21KB
- ngs-20241101_pre.xml (EX-101.PRE) — 12KB
- ngs-20241101_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On November 7, 2024, the Company issued a press release announcing the appointments of Mr. Eckert as its Chief Financial 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. 10.1 Employment Agreement between Ian M. Eckert and Natural Gas Services Group, Inc. dated November 1, 2024. 99.1 Press Release Addition of a New Director to its Board of Directors November 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: November 1, 2024 By: /s/ Justin C. Jacobs Justin C. Jacobs Chief Executive Officer