---
schema_version: "secwatch.filing_event.v1"
accession: "0001084991-22-000056"
form_type: "8-K"
ticker: "NGS"
cik: "0001084991"
company_name: "NATURAL GAS SERVICES GROUP INC"
filed_at: "2022-05-19T23:59:59+00:00"
generated_at: "2026-06-25T09:03:16.652864+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CEO Stephen Taylor retires; John Chisholm named interim CEO effective May 17, 2022

## Summary
- Stephen C. Taylor retires as President/CEO after 17 years; remains Chairman and advisor through June 2023.
- John W. Chisholm, former lead independent director, appointed interim President and CEO.
- David L. Bradshaw appointed lead independent director during Chisholm's service.
- Retirement agreement includes $51k/month salary, $612k bonus, $612k LTI award, plus potential $2.754M cash and $100k stock upon full transition.
- Taylor will continue as Chairman and assist in transition, remains a significant shareholder.

## SEC filing metadata
- accession: 0001084991-22-000056
- form_type: 8-K
- ticker: NGS
- cik: 0001084991
- company_name: NATURAL GAS SERVICES GROUP INC
- filed_at: 2022-05-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084991/000108499122000056/0001084991-22-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084991/000108499122000056/ngs-20220517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084991-22-000056
- JSON: https://secwatch.observer/filing/0001084991-22-000056.json
- Plain text: https://secwatch.observer/filing/0001084991-22-000056.txt

## Key facts
- Executive change
  John W. Chisholm was appointed as interim President and Chief Executive Officer at NATURAL GAS SERVICES GROUP INC.
  - Action: appointed
  - Role: interim President and Chief Executive Officer
  source text: On May 17, 2022, the Board of Directors appointed John W. Chisholm, the lead independent director of the Company’s Board immediately prior to his appointment, as the interim President and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499122000056/0001084991-22-000056-index.htm
- Executive change
  Stephen C. Taylor resigned as Chief Executive Officer and President at NATURAL GAS SERVICES GROUP INC.
  - Action: resigned
  - Role: Chief Executive Officer and President
  source text: On May 17, 2022, the Company and Mr. Taylor entered into a negotiated Retirement Agreement (the “Retirement Agreement”), pursuant to which Mr. Taylor resigned as Chief Executive Officer and President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499122000056/0001084991-22-000056-index.htm

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