{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-001404","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.390176+00:00","generated_at":"2026-06-04T23:40:55.935493+00:00","sec_items":["1.02","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Koil Energy CEO Charles Njuguna resigns; Erik Wiik appointed CEO effective April 1, 2024","bullets":["Charles Njuguna resigns as CEO, CFO, President, and Board member effective March 31, 2024; cites family health matter.","Employment agreement with Njuguna terminated effective March 31, 2024.","Erik Wiik appointed CEO effective April 1, 2024; also joins Board. He had been consulting since September 2023.","Wiik has over 30 years energy industry experience, including 24 years at Aker Solutions, most recently as Regional President N.A.","Wiik receives $325K base salary, annual bonus eligibility, 300K restricted shares and 300K options vesting over three years."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-001404","json":"https://secwatch.observer/filing/0001683168-24-001404.json","markdown":"https://secwatch.observer/filing/0001683168-24-001404.md","text":"https://secwatch.observer/filing/0001683168-24-001404.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316824001404/0001683168-24-001404-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316824001404/koil_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:40:55.935493+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e44cd75a3","claim":"Erik Wiik was appointed as Chief Executive Officer at Koil Energy Solutions, Inc..","evidence_excerpt":"On March 6, 2024, the Board appointed Erik Wiik as the Company’s Chief Executive Officer, effective April 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110607/000168316824001404/0001683168-24-001404-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"da8c606fd2","claim":"Charles K. Njuguna resigned as President, Chief Executive Officer, Chief Financial Officer and as a member of the board of directors at Koil Energy Solutions, Inc..","evidence_excerpt":"On March 4, 2024, Charles K. Njuguna resigned as President, Chief Executive Officer, Chief Financial Officer and as a member of the board of directors (the “Board”) of the Company, effective as of March 31, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110607/000168316824001404/0001683168-24-001404-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President, Chief Executive Officer, Chief Financial Officer and as a member of the board of directors"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}