---
schema_version: "secwatch.filing_event.v1"
accession: "0001612720-26-000013"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2026-04-15T23:59:59+00:00"
generated_at: "2026-05-15T06:06:35.763597+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# NextDecade amends CEO employment agreement with new $1M base salary and enhanced severance

## Summary
- Matt Schatzman's amended contract runs through April 15, 2029 with automatic one-year renewals.
- Base salary set at $1,000,000; annual bonus target of 130% of base, subject to board discretion.
- Non-cause/good-reason severance: 24 months base salary, 200% target bonus, plus 24 months COBRA cost.
- Change-of-control severance (within 24 months): 36 months base, 300% target bonus, equity acceleration, and 36 months COBRA.
- Agreement includes non-competition, non-solicitation, and confidentiality covenants.

## SEC filing metadata
- accession: 0001612720-26-000013
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2026-04-15T23:59:59+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/1612720/000161272026000013/0001612720-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000161272026000013/next-20260415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001612720-26-000013
- JSON: https://secwatch.observer/filing/0001612720-26-000013.json
- Plain text: https://secwatch.observer/filing/0001612720-26-000013.txt

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