NextDecade Corp: Board & Executive Compensation Changes

Ticker: NEXT · Form: 8-K · Filed: 2025-10-08T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

TL;DR

NextDecade just swapped some board members and updated exec pay. Keep an eye on this.

AI Summary

NextDecade Corporation announced on October 6, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Ms. Jennifer L. Smith and Mr. Robert D. Smith, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Robert D. Smith, and its Chief Financial Officer, Ms. Jennifer L. Smith, detailing their compensation packages.

Why It Matters

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

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.

Key Players & Entities

FAQ

Who are the newly elected directors to NextDecade Corporation's Board?

Ms. Jennifer L. Smith and Mr. Robert D. Smith were elected as new directors to the Board of Directors of NextDecade Corporation.

When were the changes to the Board of Directors effective?

The changes to the Board of Directors were effective as of October 6, 2025.

What other significant event was reported on October 6, 2025, by NextDecade Corporation?

NextDecade Corporation also reported on new employment agreements with its Chief Executive Officer and Chief Financial Officer, detailing their compensation arrangements.

What is the primary business of NextDecade Corporation?

NextDecade Corporation is involved in Natural Gas Transmission & Distribution, as indicated by its Standard Industrial Classification code 4923.

What is the principal executive office address for NextDecade Corporation?

The principal executive offices of NextDecade Corporation are located at 1000 Louisiana Street, Suite 3300, Houston, Texas 77002.

From the Filing

0001612720-25-000014.txt : 20251008 0001612720-25-000014.hdr.sgml : 20251008 20251008080354 ACCESSION NUMBER: 0001612720-25-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20251006 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20251008 DATE AS OF CHANGE: 20251008 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: 251381255 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3300 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3300 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: NextDecade Corp. DATE OF NAME CHANGE: 20170726 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 8-K 1 next-20251006.htm 8-K next-20251006 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): October 6, 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. On October 6, 2025, Brent Wahl notified NextDecade Corporation (the “Company”) that he intended to resign, effective October 20, 2025, to pursue a professional opportunity in the digital infrastructure industry. Mr. Wahl’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. Mr. Wahl and the Company intend to enter

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