secwatch.observer — SEC 8-K summary
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Issuer:     TELLURIAN INC. /DE/ (—)
CIK:        0000061398
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001104659-23-127506
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61398/000110465923127506/0001104659-23-127506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61398/000110465923127506/tm2333317d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127506

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