secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL GAS SERVICES GROUP INC (NGS)
CIK:        0001084991
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001084991-24-000107
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084991/000108499124000107/0001084991-24-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084991/000108499124000107/ngs-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001084991-24-000107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer