---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-008722"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2022-02-22T23:59:59+00:00"
generated_at: "2026-06-27T06:17:33.234670+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# CEO Daniel Rice resigns; J. Kyle Derham appointed CEO, James Rogers CFO at Rice Acquisition Corp. II

## Summary
- Daniel Joseph Rice IV resigned as CEO effective Feb 21, 2022 to adhere to overboarding governance guidelines.
- J. Kyle Derham, previously CFO, appointed CEO; removed as CFO.
- James Wilmot Rogers appointed CFO and continues as CAO.
- No new compensatory arrangements were entered with Derham or Rogers.
- Rice continues as Board member; also serves on boards of Archaea Energy (LFG), EQT (EQT), Whiting Petroleum (WLL).

## SEC filing metadata
- accession: 0001213900-22-008722
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2022-02-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000121390022008722/0001213900-22-008722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000121390022008722/ea155989-8k_riceacq2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-008722
- JSON: https://secwatch.observer/filing/0001213900-22-008722.json
- Plain text: https://secwatch.observer/filing/0001213900-22-008722.txt

## Key facts
- Executive change
  J. Kyle Derham was appointed as Chief Executive Officer at NET Power Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Also on February 21, 2022, the Board (i) appointed J. Kyle Derham, age 34, to succeed Mr. Rice as CEO, (ii) removed Mr. Derham as the Company’s Chief Financial Officer (“CFO”) and (iii) appointed James Wilmot Rogers, age 41, as CFO, in each case, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000121390022008722/0001213900-22-008722-index.htm
- Executive change
  James Wilmot Rogers was appointed as Chief Financial Officer at NET Power Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: appointed James Wilmot Rogers, age 41, as CFO
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000121390022008722/0001213900-22-008722-index.htm
- Executive change
  Daniel Joseph Rice, IV resigned as Chief Executive Officer at NET Power Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On February 21, 2022, Daniel Joseph Rice, IV resigned as the Chief Executive Officer (“CEO”) of Rice Acquisition Corp. II (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845437/000121390022008722/0001213900-22-008722-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.