secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0001612720-26-000013
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000161272026000013/0001612720-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000161272026000013/next-20260415.htm
  HTML page:      https://secwatch.observer/filing/0001612720-26-000013

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