secwatch.observer — SEC 8-K summary
======================================

Issuer:     Koil Energy Solutions, Inc. (KLNG)
CIK:        0001110607
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001683168-25-002821
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koil Energy names Mads Andersen to board, Kurt Keller as CFO
------------------------------------------------------------

- Mads Andersen, CEO of Norway-based Aibel ASA (5,000 employees, $1.5B revenue), joins board as independent director; receives $20K cash, $30K RSU, 50,000 options.
- Kurt Keller appointed CFO effective April 22; base salary $250K, eligible for annual bonus based on board-set objectives; granted 80,000 restricted shares and 160,000 options (3-year vest).
- Keller's employment agreement includes severance of 6 months salary + pro-rata bonus, change-of-control acceleration, and gross-up for excise taxes.
- Keller has 20+ years scaling businesses from $20M to $100M; prior CFO roles at PurgeRite, SunGrid, Mantis Innovation, Navasota Energy; holds CFA and CMA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110607/000168316825002821/0001683168-25-002821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110607/000168316825002821/koil_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-002821

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer