Target Hospitality Reports Officer Compensation, Board Changes
Ticker: TH · Form: 8-K · Filed: Feb 20, 2024 · CIK: 1712189
Sentiment: neutral
Topics: executive-changes, compensatory-arrangements, board-changes
TL;DR
**Target Hospitality just filed an 8-K about executive changes and compensation, keep an eye on leadership shifts!**
AI Summary
Target Hospitality Corp. filed an 8-K on February 20, 2024, reporting events from February 16, 2024. The filing primarily concerns changes in compensatory arrangements for certain officers and the departure or election of directors, as well as the appointment of certain officers. The document also includes information regarding financial statements and exhibits.
Why It Matters
This filing signals potential shifts in executive leadership and compensation strategies at Target Hospitality, which could influence future company performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive compensation and officer appointments can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- Target Hospitality Corp. (company) — Registrant
- February 20, 2024 (date) — Date of Report
- February 16, 2024 (date) — Date of Earliest Event Reported
- Delaware (company) — State of Incorporation
- 001-38343 (dollar_amount) — Commission File Number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 16, 2024.
What is the primary focus of the Item Information in this 8-K?
The primary focus of the Item Information is on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers, as well as Financial Statements and Exhibits.
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 20, 2024.
What is the Commission File Number for Target Hospitality Corp.?
The Commission File Number for Target Hospitality Corp. is 001-38343.
Where is Target Hospitality Corp.'s business address located?
Target Hospitality Corp.'s business address is 9320 LAKESIDE BLVD., SUITE 300, THE WOODLANDS, Texas 77381.
Filing Stats: 957 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-02-20 06:51:51
Key Financial Figures
- $0.0001 — h registered THCommon stock, par value $0.0001 per share TH NASDAQ Warrants to p
Filing Documents
- th8-k.htm (8-K) — 30KB
- ex99-1.htm (EX-99.1) — 6KB
- 0001712189-24-000005.txt ( ) — 213KB
- th-20240216.xsd (EX-101.SCH) — 4KB
- th-20240216_def.xml (EX-101.DEF) — 17KB
- th-20240216_lab.xml (EX-101.LAB) — 26KB
- th-20240216_pre.xml (EX-101.PRE) — 19KB
- th8-k_htm.xml (XML) — 6KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 16, 2024, the Board of Directors (the " Board ") of Target Hospitality Corp. (the " Company ") appointed John C. Dorman, age 73, to serve as a member of the Board, effective immediately until his current term expires as of the date of the Company's 2024 Annual Meeting of Stockholders. Mr. Dorman will serve as a member of the Nominating and Corporate Governance and Audit Committees of the Board and qualifies as an independent director under the independence standards established by the Nasdaq Stock Market. The Company announced the appointment of Mr. Dorman in its February 20, 2024 press release, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. Mr. Dorman is a serial entrepreneur with multiple successes in building software and services companies in the financial technology sector. Mr. Dorman previously served as a director of Online Resources Corporation, a developer and supplier of electronic payment services, from May 2009 until it was sold to ACI Worldwide, Inc. in March 2013, and as its Chair from June 2010 until the sale. Dorman also previously served as Co-Chair of Online Resources Corporation from January 2010 to June 2010, and as Interim Chief Executive Officer from April 2010 to June 2010. From October 1998 to August 2003, he served as Chief Executive Officer of Digital Insight Corporation, a provider of software-as-a-service for online banking and bill payment for financial institutions, and served on the board of directors of Digital Insight until the company was acquired in 2007 by Intuit, Inc. Mr. Dorman served as Senior Vice President of the Global Financial Services Division of Oracle Corporation from August 1997 to October 1998; and Chair and Chief Executive Officer of Treasury Services Corporation, a provider of mod
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 99.1 Press Release, dated February 20, 2024 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Target Hospitality Corp. By: /s/ Heidi D. Lewis Dated: February 20, 2024 Name: Heidi D. Lewis Title: Executive Vice President, General Counsel and Secretary 3