Stabilis Solutions appoints Westy Ballard as President and CEO, effective Aug 23, 2021

Stabilis Solutions, Inc.

Westy Ballard appointed CEO and director, effective Aug 23; Jim Reddinger resigned as CEO and director.
Founder Casey Crenshaw becomes non-executive chairman, relinquishing operational responsibilities.
Ballard's employment: $500k base salary, bonus target 50%-150% of base, 500k RSUs and 1.3M options vesting over 3-4 years.
Reddinger severance: base salary through Dec 2022, full vesting of 500k RSUs with sale lock-up through Dec 2022.
Ballard previously EVP, CFO and Treasurer of Superior Energy Services; also a Marine Corps veteran.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

J. Casey Crenshaw

Non-executive Chairman

SLNG · Stabilis Solutions, Inc.

Effective: 2021-08-23
Filed: August 24, 2021, 7:59 PM ET

the Company’s founder and executive chairman, J. Casey Crenshaw, will relinquish his operational responsibilities and become the non-executive chairman of the Board.

Appointed

Westervelt T. "Westy" Ballard, Jr.

President and Chief Executive Officer

SLNG · Stabilis Solutions, Inc.

Effective: 2021-08-23
Filed: August 24, 2021, 7:59 PM ET

the Company announced that it has appointed Westervelt T. "Westy" Ballard, Jr., age 49, as its president and chief executive officer, effective Augus t 23, 2021 .

Departed

James C. "Jim" Reddinger

President and Chief Executive Officer

SLNG · Stabilis Solutions, Inc.

Effective: 2021-08-23
Successor: Westervelt T. "Westy" Ballard, Jr.
Filed: August 24, 2021, 7:59 PM ET

Mr. Ballard will replace James C. "Jim" Reddinger, who has resigned as the Company’s president, chief executive officer and director to pursue other opportunities.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

J. Casey Crenshaw changed role as Non-executive Chairman at Stabilis Solutions, Inc..

Action: relinquished operational responsibilities and became non-executive chairman
Role: Non-executive Chairman

Exact text from the filing

the Company’s founder and executive chairman, J. Casey Crenshaw, will relinquish his operational responsibilities and become the non-executive chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Westervelt T. "Westy" Ballard, Jr. was appointed as President and Chief Executive Officer at Stabilis Solutions, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Company announced that it has appointed Westervelt T. "Westy" Ballard, Jr., age 49, as its president and chief executive officer, effective Augus t 23, 2021 .

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James C. "Jim" Reddinger resigned as President and Chief Executive Officer at Stabilis Solutions, Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Ballard will replace James C. "Jim" Reddinger, who has resigned as the Company’s president, chief executive officer and director to pursue other opportunities.

View on SEC.gov

Stabilis Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-21-017508

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