other
confidence high
sentiment neutral
materiality 0.30
New Era Helium amends CEO Gray employment with relocation benefits up to $30K, $3,950/mo stipend
New ERA Energy & Digital, Inc.
- CEO E. Will Gray II to relocate to Texas; receives up to $30,000 in relocation expenses (subject to 50% clawback if leaves within 1 year).
- Monthly housing stipend of $3,950 effective August 1, 2025; subject to adjustment based on market conditions.
- Commuting travel expenses between Texas and California will no longer be reimbursed after July 31, 2025.
- Amendment signed July 16, 2025; all other terms of original Employment Agreement remain unchanged.
item 1.01item 9.01