Stephen C. Taylor extends interim CEO tenure through Dec 31, 2023; Donald J. Tringali named Lead Independent Director

NATURAL GAS SERVICES GROUP INC

Stephen C. Taylor extended as Interim CEO and President until earlier of Dec 31, 2023 or successor appointed.
Taylor receives RSU award of 10,101 shares (valued at $100K) vesting in one year; monthly salary stays $51K.
Taylor eligible for bonus of $85K if successor by Sep 30, 2023, or $60K if by Oct 31, 2023.
Donald J. Tringali appointed Lead Independent Director; David L. Bradshaw remains director and audit committee chair.
Upon successor, Taylor resigns executive roles but remains Chairman for transition (up to 6 mo at $30K/month).

item 5.02 item 8.01 item 9.01

Executive movements

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

Role change (interim)

Stephen C. Taylor

Interim Chief Executive Officer and President

NGS · NATURAL GAS SERVICES GROUP INC

Effective: 2023-07-01
Filed: July 5, 2023, 7:59 PM ET

On June 30, 2023, the Company entered into an Interim CEO Agreement with Mr. Taylor (the “Agreement”) pursuant to which he will continue to serve the Company as its Interim CEO and President

Role change

David L. Bradshaw

Lead Independent Director

NGS · NATURAL GAS SERVICES GROUP INC

Effective: 2023-06-30
Successor: Donald J. Tringali
Filed: July 5, 2023, 7:59 PM ET

David L. Bradshaw, who served as lead independent director prior to Mr. Tringali’s appointment, continues as a director on the Board

Appointed

Donald J. Tringali

Lead Independent Director

NGS · NATURAL GAS SERVICES GROUP INC

Effective: 2023-06-30
Filed: July 5, 2023, 7:59 PM ET

On June 30, 2023, the Board of Directors appointed Donald J. Tringali as the lead independent director of the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen C. Taylor changed role as Interim Chief Executive Officer and President at NATURAL GAS SERVICES GROUP INC.

Action: extended
Role: Interim Chief Executive Officer and President

Exact text from the filing

On June 30, 2023, the Company entered into an Interim CEO Agreement with Mr. Taylor (the “Agreement”) pursuant to which he will continue to serve the Company as its Interim CEO and President

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

David L. Bradshaw changed role as Lead Independent Director at NATURAL GAS SERVICES GROUP INC.

Action: ceased to serve as
Role: Lead Independent Director

Exact text from the filing

David L. Bradshaw, who served as lead independent director prior to Mr. Tringali’s appointment, continues as a director on the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Donald J. Tringali was appointed as Lead Independent Director at NATURAL GAS SERVICES GROUP INC.

Action: appointed
Role: Lead Independent Director

Exact text from the filing

On June 30, 2023, the Board of Directors appointed Donald J. Tringali as the lead independent director of the Board of Directors of the Company.

View on SEC.gov

NATURAL GAS SERVICES GROUP INC filing history →

Source: SEC EDGAR

accession 0001084991-23-000085

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