Tellurian finalizes separation with former CEO Charif Souki; payments total ~$8.2M

TELLURIAN INC. /DE/

Cash severance of $6.428M payable over 12 months plus a $1M lump sum on Dec 22, 2023.
Lump sum payment of $105,000 in lieu of 30-day notice period.
Company will transfer travel benefits costing ~$660,000 to Souki.
Souki eligible for pro-rated 2023 annual bonus if other executives receive bonuses.
Unvested tracking units remain outstanding and eligible to vest; Souki resigned from board.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Charif Souki

Director

TELLURIAN INC. /DE/

Effective: 2023-12-19
Filed: December 20, 2023, 6:59 PM ET

resignation by Mr. Souki from the board of directors of the Company effective as of December 19, 2023

Departed

Charif Souki

Ceo

TELLURIAN INC. /DE/

Effective: 2023-12-08
Filed: December 20, 2023, 6:59 PM ET

the Company provided Mr. Souki with notice of termination of his employment with the Company “without Cause” (as defined in the Souki Employment Agreement) effective as of December 8, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Charif Souki resigned as Director at TELLURIAN INC. /DE/.

Action: resigned
Role: Director

Exact text from the filing

resignation by Mr. Souki from the board of directors of the Company effective as of December 19, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Charif Souki was terminated as ceo at TELLURIAN INC. /DE/.

Action: terminated

Exact text from the filing

the Company provided Mr. Souki with notice of termination of his employment with the Company “without Cause” (as defined in the Souki Employment Agreement) effective as of December 8, 2023

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-23-127506

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