NGS appoints Ian Eckert as permanent CFO, effective no later than Jan 6, 2025

NATURAL GAS SERVICES GROUP INC

Ian Eckert, formerly CAO at Alamo Group, named CFO; base salary $415,000 and $50,000 signing bonus.
2024 cash bonus of $200,000; target bonus for 2025 set at 75% of base salary.
Equity: RSU and PSU each at 50% of base salary; RSU vests over three years, PSU tied to TSR metrics.
Interim CFO John Bittner (Accordion) continues until Eckert starts then provides transition services.
Severance: 12-18 months salary plus COBRA if terminated without cause or for good reason.

item 5.02 item 8.01 item 9.01

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Appointed

Ian M. Eckert

Chief Financial Officer

NGS · NATURAL GAS SERVICES GROUP INC

Effective: 2025-01-06
Filed: November 7, 2024, 6:59 PM ET

On November 1, 2024, the Company entered into an employment agreement (the “ Employment Agreement ”) with Ian M. Eckert, age 37, pursuant to which Mr. Eckert will be appointed Chief Financial Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ian M. Eckert was appointed as Chief Financial Officer at NATURAL GAS SERVICES GROUP INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 1, 2024, the Company entered into an employment agreement (the “ Employment Agreement ”) with Ian M. Eckert, age 37, pursuant to which Mr. Eckert will be appointed Chief Financial Officer of the Company.

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NATURAL GAS SERVICES GROUP INC filing history →

Source: SEC EDGAR

accession 0001084991-24-000107

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