secwatch.observer — SEC 8-K summary
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Issuer:     Stabilis Solutions, Inc. (SLNG)
CIK:        0001043186
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001437749-25-002592
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stabilis Solutions CEO Westervelt Ballard departs; Executive Chairman Casey Crenshaw named interim CEO
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- CEO Ballard departed Jan 31, 2025 by mutual agreement; will consult through Dec 31, 2025.
- Crenshaw, co-founder and chairman, named interim CEO; board to search for permanent CEO.
- Ballard receives $1M severance, prorated bonus $41k, $48.6k/month consulting fee, and immediate vesting of equity.
- Crenshaw receives $500k annual cash as Executive Chairman; no additional compensation for interim CEO role.
- Non-compete and non-solicit covenants extended to Dec 31, 2026 for Ballard.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043186/000143774925002592/0001437749-25-002592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043186/000143774925002592/slng20250203_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-002592

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