secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0001104659-26-043845
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Energy CEO salary raised to $800k; $1M target bonus opportunities for top executives
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- Base salary increases: CEO Bilsland from $675k to $800k; CFO Telesz $500k to $525k; COO Lovell $450k to $500k, effective April 1, 2026.
- Target bonus for 2026: Bilsland $500k, Telesz $200k, Lovell $300k; 50% of bonus tied to Adjusted EBITDA ($68M target).
- One-time RSU grants: Bilsland 69,808 ($1.2M), Telesz 15,998 ($275k), Lovell 23,270 ($400k); vest ratably over 3 years.
- Change-in-control retention: Bilsland gets $2.4M salary portion + 3× prior bonus; Telesz $1.3125M, Lovell $1.25M, plus health coverage.
- New severance agreements: 12 months base salary + prior year bonus on qualifying termination; effective until change-in-control or March 31, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000110465926043845/0001104659-26-043845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000110465926043845/hnrg-20260409x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-043845

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