Stabilis Solutions Elects New Directors, Discloses Officer Compensation
Ticker: SLNG · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1043186
| Field | Detail |
|---|---|
| Company | Stabilis Solutions, Inc. (SLNG) |
| Form Type | 8-K |
| Filed Date | Feb 3, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $500,000, $1,000,000, $41,095.89, $48,600 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, officer-compensation, corporate-governance
TL;DR
Board shakeup at Stabilis Solutions: two new directors elected, officer pay details out.
AI Summary
Stabilis Solutions, Inc. announced on January 31, 2025, a change in its board of directors, with the election of two new directors, Michael R. McGovern and David M. Miller. The company also disclosed compensatory arrangements for certain officers and provided a Regulation FD disclosure. This filing follows the company's previous name changes from American Electric Technologies Inc. and Stabilis Energy, Inc.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns board appointments and compensation disclosures, which are routine corporate governance events.
Key Players & Entities
- Stabilis Solutions, Inc. (company) — Registrant
- Michael R. McGovern (person) — Newly elected director
- David M. Miller (person) — Newly elected director
- American Electric Technologies Inc (company) — Former company name
- Stabilis Energy, Inc. (company) — Former company name
FAQ
Who were the new directors elected to the board of Stabilis Solutions, Inc.?
Michael R. McGovern and David M. Miller were elected as new directors.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is January 31, 2025.
What are the previous names of Stabilis Solutions, Inc.?
The company was formerly known as Stabilis Energy, Inc. and American Electric Technologies Inc.
What items are covered in this 8-K filing?
The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
In which state is Stabilis Solutions, Inc. incorporated?
Stabilis Solutions, Inc. is incorporated in Florida (FL).
Filing Stats: 1,171 words · 5 min read · ~4 pages · Grade level 10.5 · Accepted 2025-02-03 16:15:12
Key Financial Figures
- $500,000 — ve approved annual cash compensation of $500,000 to Mr. Crenshaw. Mr. Crenshaw will not
- $1,000,000 — will pay Mr. Ballard separation pay of $1,000,000 paid in equal or nearly equal installme
- $41,095.89 — lve month period, and additional pay of $41,095.89 representing an amount equal to a prora
- $48,600 — , Mr. Ballard will receive a payment of $48,600 per month for the remainder of 2025 for
Filing Documents
- slng20250203_8k.htm (8-K) — 32KB
- ex_773722.htm (EX-10.1) — 108KB
- ex_773723.htm (EX-99.1) — 6KB
- s01.jpg (GRAPHIC) — 8KB
- 0001437749-25-002592.txt ( ) — 316KB
- slng-20250203.xsd (EX-101.SCH) — 3KB
- slng-20250203_def.xml (EX-101.DEF) — 11KB
- slng-20250203_lab.xml (EX-101.LAB) — 15KB
- slng-20250203_pre.xml (EX-101.PRE) — 11KB
- slng20250203_8k_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 3, 2025, the Company issued a press release describing the appointment of Mr. Crenshaw and separation of Mr. Ballard. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act, as amended, or otherwise subject to liabilities of that Section.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Release and Consulting Agreement, dated February 2, effective January 31, 2025, between Stabilis Solutions, Inc., and Westervelt T. Ballard, Jr. 99.1 Press Release, dated February 3, 20 25 . 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. STABILIS SOLUTIONS, INC. By: /s/Andrew L. Puhala Andrew L. Puhala Chief Financial Officer Date: February 3, 2025