secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001104659-23-029569
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solaris adopts change-in-control severance plan for executives effective March 1, 2023
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- Plan covers CEO, named executive officers, and other key employees designated by Compensation Committee.
- Severance: lump sum of 2.5x or 3.0x (by tier) of base salary plus target bonus, plus COBRA subsidy up to 24 months.
- Full vesting of unvested equity awards, including PSUs at greater of target or actual performance.
- Qualifying termination requires involuntary without cause or resignation for good reason during 90-day pre- to 12-month post-change-in-control period.
- Benefits conditioned on execution of a release of claims; plan replaces prior severance arrangements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000110465923029569/0001104659-23-029569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000110465923029569/tm238761d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-029569

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