Target Hospitality CEO Brad Archer to step down by Dec 31, 2022; prelim 2021 revenue ~$290M, above guidance

Target Hospitality Corp.

Brad Archer resigns as President, CEO and board member effective Dec 31, 2022; will assist transition as senior strategic advisor.
Board forms search committee and will engage executive search firm to identify successor CEO.
Preliminary 2021 revenue ~$290M, up 29% YoY and 2% above prior high-end guidance.
Company expects to meet or exceed high-end of all previously announced 2021 financial outlook ranges.
New form executive RSU and PSU award agreements adopted under 2019 Incentive Plan.

item 5.02 item 5.03 item 9.01

Executive movements

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Departed

James B. Archer

President, Chief Executive Officer and Director

TH · Target Hospitality Corp.

Effective: 2022-12-31
Filed: February 28, 2022, 6:59 PM ET

Target Hospitality Corp. (the “Company”) announced on February 28, 2022 that Mr. James B. Archer, who is currently President and Chief Executive Officer of the Company and a member of the Company’s Board of Directors (the “Board”), plans to step down as President and Chief Executive Officer and as a member of the Board effective December 31, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James B. Archer resigned as President, Chief Executive Officer and Director at Target Hospitality Corp..

Action: resigned
Role: President, Chief Executive Officer and Director

Exact text from the filing

Target Hospitality Corp. (the “Company”) announced on February 28, 2022 that Mr. James B. Archer, who is currently President and Chief Executive Officer of the Company and a member of the Company’s Board of Directors (the “Board”), plans to step down as President and Chief Executive Officer and as a member of the Board effective December 31, 2022.

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Target Hospitality Corp. filing history →

Source: SEC EDGAR

accession 0001104659-22-027588

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