Target Hospitality discloses CFO Eric Kalamaras departure terms; $814K severance plus equity vesting

Target Hospitality Corp.

CFO Eric Kalamaras departed Jan 22, 2024; severance paid in installments over 12 months.
Severance payment of $814,507 equals one year base salary plus target bonus.
COBRA premium reimbursement of $25,538; prorated 2024 bonus based on actual performance.
Unvested equity awards continue to vest during the 12-month severance period.
2023 bonus paid at same time as other senior executives, no later than Mar 15, 2024.

item 5.02 item 9.01

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Departed

Eric T. Kalamaras

Chief Financial Officer

TH · Target Hospitality Corp.

Effective: 2024-01-22
Filed: January 29, 2024, 6:59 PM ET

on January 22, 2024, the Company and Eric T. Kalamaras, the former Chief Financial Officer of the Company, agreed that Mr. Kalamaras’s employment would cease effective as of January 22, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Eric T. Kalamaras resigned as Chief Financial Officer at Target Hospitality Corp..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

on January 22, 2024, the Company and Eric T. Kalamaras, the former Chief Financial Officer of the Company, agreed that Mr. Kalamaras’s employment would cease effective as of January 22, 2024.

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Source: SEC EDGAR

accession 0001104659-24-007755

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