---
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"
generated_at: "2026-06-04T23:40:55.935493+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Koil Energy CEO Charles Njuguna resigns; Erik Wiik appointed CEO effective April 1, 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001404
- JSON: https://secwatch.observer/filing/0001683168-24-001404.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001404.txt

## Key facts
- Executive change
  Erik Wiik was appointed as Chief Executive Officer at Koil Energy Solutions, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On March 6, 2024, the Board appointed Erik Wiik as the Company’s Chief Executive Officer, effective April 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110607/000168316824001404/0001683168-24-001404-index.htm
- Executive change
  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..
  - Action: resigned
  - Role: President, Chief Executive Officer, Chief Financial Officer and as a member of the board of directors
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1110607/000168316824001404/0001683168-24-001404-index.htm

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