NextDecade Corp. Reports Executive and Director Changes

Ticker: NEXT · Form: 8-K · Filed: 2025-03-27T00:00:00.000Z

Sentiment: neutral

Topics: management-change, board-of-directors, executive-compensation

TL;DR

NextDecade's board and execs are shuffling; new faces and comp plans incoming.

AI Summary

NextDecade Corporation announced on March 21, 2025, 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 were not detailed in the provided excerpt.

Why It Matters

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

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty regarding strategic direction and operational stability.

Key Numbers

Key Players & Entities

FAQ

What specific roles have been affected by the departures mentioned in the filing?

The filing indicates the departure of directors or certain officers, and the appointment of certain officers, but does not specify the exact roles in the provided excerpt.

Were any new directors elected to the board?

Yes, the filing explicitly states the election of directors as an item of information.

Are there any changes to executive compensation arrangements?

Yes, the filing mentions 'Compensatory Arrangements of Certain Officers' as an item of information, indicating potential changes.

What is NextDecade Corporation's primary business?

NextDecade Corporation is in the NATURAL GAS TRANSMISSION & DISTRIBUTION industry, SIC code 4923.

When did NextDecade Corporation change its name from Harmony Merger Corp.?

The date of the name change from Harmony Merger Corp. to NextDecade Corporation was July 3, 2014.

From the Filing

0001628280-25-015154.txt : 20250327 0001628280-25-015154.hdr.sgml : 20250327 20250327162059 ACCESSION NUMBER: 0001628280-25-015154 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250321 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250327 DATE AS OF CHANGE: 20250327 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 EIN: 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: 25779582 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-20250321.htm 8-K next-20250321 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): March 21, 2025 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. Effective March 24, 2025, Eric Garcia’s employment with NextDecade Corporation (the “Company”) terminated and as of such date he no longer served as the Company’s principal accounting officer. Mr. Garcia’s departure is not the result of any issues or disagreements with the Company relating to the Company’s financial disclosures, accounting matters, operations, policies or practices. Luke Boylston, age 36, will serve as the Company’s interim principal accounting officer while the Company is conducting its se

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