NextDecade 8-K: No Executive Changes or New Comp Arrangements

TL;DR

**NextDecade filed an 8-K confirming no executive or compensation changes, signaling stability.**

AI Summary

NextDecade Corp. filed an 8-K on January 25, 2024, to report that there were no material events concerning the departure or election of directors or officers, nor any new compensatory arrangements for officers. This filing indicates a period of stability in the company's executive leadership and compensation structure, which can be a positive sign for investors as it suggests no immediate disruptive changes are occurring at the top. For shareholders, this means the current strategic direction and management team are likely to remain consistent, reducing uncertainty.

Why It Matters

This filing signals stability in NextDecade's leadership and compensation, which can reassure investors about consistent strategic execution and governance. No changes mean no immediate surprises from the executive suite.

Risk Assessment

Risk Level: low — The filing indicates no significant changes in leadership or compensation, suggesting a stable operational environment with low immediate risk.

Analyst Insight

A smart investor would view this filing as a sign of operational stability, reducing immediate concerns about leadership upheaval. It suggests current strategies will likely continue, allowing investors to focus on other fundamental or market-wide factors.

Key Players & Entities

• NextDecade Corp. (company) — the registrant filing the 8-K
• January 25, 2024 (date) — date of earliest event reported and filing date
• 001-36842 (other) — Commission File Number for NextDecade Corp.
• The Nasdaq Stock Market LLC (company) — exchange where NextDecade's Common Stock is registered

Forward-Looking Statements

• NextDecade's executive leadership will remain stable in the near term. (NextDecade Corp.) — high confidence, target: Q1 2024
• No significant changes to officer compensatory arrangements are expected in the immediate future. (NextDecade Corp.) — high confidence, target: Q1 2024

FAQ

From the Filing

0001437749-24-002206.txt : 20240125 0001437749-24-002206.hdr.sgml : 20240125 20240125170241 ACCESSION NUMBER: 0001437749-24-002206 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240125 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp. CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 24563077 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 8-K 1 next20231212_8k.htm FORM 8-K next20231212_8k.htm 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): January 25, 2024 NEXTDECADE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-36842 46-5723951 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 1000 Louisiana Street, Suite 3900, Houston, Texas 77002 (Address of Principal Executive Offices) (Zip Code) (713) 574-1880 (Registrant’s Telephone Number, Including Area Code) N/A (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): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ 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 ☐ 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. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 25, 2024, the Board of Directors (the “ Board ”) appointed Timothy Wyatt as a Class B director of the Board to fill the vacancy created by Seokwon Ha’s resignation from the Board. Mr. Wyatt was nominated by HGC NEXT INV LLC (“ HGC ”) to replace Mr. Ha as its designee on the Board. Mr. Wyatt will serve as a Class B director until the Company’s 2024 annual meeting of stockholders (the “ Annual Meeting ”) and will be on the slate of directors to be voted on by the stockholders of the Company at the Annual Meeting.