NextDecade Corp. Announces Executive and Board Changes

Ticker: NEXT · Form: 8-K · Filed: 2024-09-26T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-changes, governance

TL;DR

NextDecade leadership shake-up: new execs and directors appointed.

AI Summary

NextDecade Corporation announced on September 23, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names and dollar amounts related to these changes are not detailed in this initial summary but are expected within the full filing.

Why It Matters

Changes in leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and execution, warranting closer monitoring by investors.

Key Numbers

Key Players & Entities

FAQ

What specific roles have been affected by the executive and director changes?

The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' suggesting shifts in key leadership positions.

When did these changes become effective?

The date of the earliest event reported is September 23, 2024, and the filing is as of September 26, 2024.

Are there any details on new compensatory arrangements for officers?

The filing explicitly mentions 'Compensatory Arrangements of Certain Officers' as an item being reported, indicating that details on executive compensation are included.

What is NextDecade Corporation's primary business?

NextDecade Corporation is in the 'NATURAL GAS TRANSMISSION & DISTRIBUTION' industry, as indicated by its SIC code 4923.

Has NextDecade Corporation undergone a name change previously?

Yes, the company was formerly known as Harmony Merger Corp. and changed its name on July 3, 2014.

From the Filing

0001628280-24-041325.txt : 20240926 0001628280-24-041325.hdr.sgml : 20240926 20240926090420 ACCESSION NUMBER: 0001628280-24-041325 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240923 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240926 DATE AS OF CHANGE: 20240926 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: 241326305 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 next-20240923.htm 8-K next-20240923 FALSE 0001612720 0001612720 2024-06-03 2024-06-03 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): September 23, 2024 NEXTDECADE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-36842 46-5723951 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 1000 Louisiana Street , Suite 3300 Houston , Texas 77002 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: ( 713 ) 574-1880 (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): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o 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 o 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. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 23, 2024, NextDecade Corporation (the “ Company ”) received notice from Mr. Thibaud de Préval of his intent to resign from the Company's Board of Directors (the “ Board ”). Mr. de Préval was initially appointed to the Board in August 2023 pursuant to that certain Purchaser Rights Agreement between the Company and Global LNG North America Corp., an affiliate of TotalEnergies, dated as of June 14, 2023 (the “ Purchaser Rights Agreement ”). Mr. de Préval indicated that he woul

View on Read The Filing