---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-014294"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T07:04:54.550875+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Nextracker increases CEO Daniel Shugar's target bonus to 135% of base salary for FY2024

## Summary
- CEO Daniel Shugar's target annual bonus increased from 110% to 135% of base salary.
- Change effective for fiscal year 2024 performance period approved by Board on Sept 28, 2023.
- Adjustment based on peer group compensation review and market trends to remain competitive.

## SEC filing metadata
- accession: 0000950103-23-014294
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852131/000095010323014294/0000950103-23-014294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000095010323014294/dp200691_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-014294
- JSON: https://secwatch.observer/filing/0000950103-23-014294.json
- Plain text: https://secwatch.observer/filing/0000950103-23-014294.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.