---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-030260"
form_type: "8-K"
ticker: "VGAS"
cik: "0001841425"
company_name: "Verde Clean Fuels, Inc."
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:32:43.446260+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Verde Clean Fuels enters employment agreements with CEO Miller ($508k base) and CTO Doyle ($400k base)

## Summary
- CEO Ernest Miller: base salary $508,000, annual cash bonus target up to 75% of base, initial option grant with $889,000 Black-Scholes fair value.
- CTO John Doyle: base salary $400,000, annual cash bonus target up to 50% of base, initial option grant with $600,000 fair value.
- Both agreements have a 4-year term ending Feb 15, 2027; severance equal to 1.5x base salary (18 months) if terminated without cause or for good reason.
- Change-in-control severance: Miller receives 2.625x base, Doyle receives 2.25x base, each in a lump sum if termination occurs within 24 months after a CIC.

## SEC filing metadata
- accession: 0001213900-23-030260
- form_type: 8-K
- ticker: VGAS
- cik: 0001841425
- company_name: Verde Clean Fuels, Inc.
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841425/000121390023030260/0001213900-23-030260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841425/000121390023030260/ea177059-8k_verdeclean.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-030260
- JSON: https://secwatch.observer/filing/0001213900-23-030260.json
- Plain text: https://secwatch.observer/filing/0001213900-23-030260.txt

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