John W. Chisholm retires as director; receives $110K cash, 25,000 option, and accelerated equity vesting

NATURAL GAS SERVICES GROUP INC

Chisholm resigned as employee on Nov 11, 2022; retired from board effective Dec 28, 2022; no disagreement.
Severance: $110K cash, 25,000-share option at $17.00 (expires Nov 2025), 16,935 restricted shares vest immediately.
Accelerates 4,212 restricted shares and $50K cash award; retains vested option for 25,000 shares at $15.00.
24-month US non-compete covering natural gas compressor and flare systems business.
Unvested options for 150,000 shares are forfeited.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John W. Chisholm

director

NGS · NATURAL GAS SERVICES GROUP INC

Filed: December 28, 2022, 6:59 PM ET

Mr. Chisholm’s decision to retire was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.7

John W. Chisholm retired as director at NATURAL GAS SERVICES GROUP INC.

Action: retired
Role: director

Exact text from the filing

Mr. Chisholm’s decision to retire was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

View on SEC.gov

NATURAL GAS SERVICES GROUP INC filing history →

Source: SEC EDGAR

accession 0001084991-22-000134

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.