Natural Gas Services Group names Justin Jacobs as CEO, effective Feb 12, 2024

NATURAL GAS SERVICES GROUP INC

Justin Jacobs appointed CEO; base salary $525K, signing bonus $30K cash plus $100K PSU.
Chairman Stephen Taylor retires as interim CEO but remains Chairman for 6-month transition.
Jacobs previously Managing Director at Mill Road Capital; former Blackstone private equity professional.
Annual target bonus 100% of base salary; annual equity awards of RSU and PSU each at 100% of base.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Justin C. Jacobs

Chief Executive Officer

NGS · NATURAL GAS SERVICES GROUP INC

Effective: 2024-02-12
Filed: February 1, 2024, 6:59 PM ET

On January 29, 2024, the Company entered into an employment agreement (the “ Employment Agreement ”) with Justin C. Jacobs, age 49, pursuant to which Mr. Jacobs was appointed Chief Executive Officer of the Company, effective February 12, 2024

Role change

Stephen C. Taylor

Interim Chief Executive Officer

NGS · NATURAL GAS SERVICES GROUP INC

Effective: 2024-02-12
Successor: Justin C. Jacobs
Filed: February 1, 2024, 6:59 PM ET

Stephen C. Taylor, the Company’s Interim Chief Executive Officer, will retire although he will provide certain transition services

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Justin C. Jacobs was appointed as Chief Executive Officer at NATURAL GAS SERVICES GROUP INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On January 29, 2024, the Company entered into an employment agreement (the “ Employment Agreement ”) with Justin C. Jacobs, age 49, pursuant to which Mr. Jacobs was appointed Chief Executive Officer of the Company, effective February 12, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen C. Taylor retired as Interim Chief Executive Officer at NATURAL GAS SERVICES GROUP INC.

Action: retired
Role: Interim Chief Executive Officer

Exact text from the filing

Stephen C. Taylor, the Company’s Interim Chief Executive Officer, will retire although he will provide certain transition services

View on SEC.gov

NATURAL GAS SERVICES GROUP INC filing history →

Source: SEC EDGAR

accession 0001084991-24-000008

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