8-K
filed December 10, 2021, 6:59 PM ET
ticker TH
CIK 0001712189
leadership
confidence high
sentiment neutral
materiality 0.55
Three directors resign; CEO, CFO, CCO employment agreements extended and severance enhanced
Target Hospitality Corp.
- Andrew Studdert, Eli Baker, Gary Lindsay resigned from board and committees effective Dec 6, 2021.
- Board approved accelerated vesting of 38,462 RSUs for each departing director, effective Dec 31, 2021.
- New committee members effective Jan 1, 2022: Jimmerson chairs Audit; Sagansky chairs Compensation; Patenaude chairs Nominating.
- CEO Archer's term extended 36 months; severance set at 125% of base salary+target bonus if terminated without cause.
- CEO change-of-control severance increased to 250% of base salary+target bonus plus health coverage for 18 months.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.9
Barbara Faulkenberry was appointed as Director at Target Hospitality Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Company’s board of directors (the “Board”) recently appointed Mses. Barbara Faulkenberry, Pamela Patenaude and Linda Medler, each with experience in government services, to the Board (effective January 1, 2022 in the case of Ms. Medler).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Pamela Patenaude was appointed as Director at Target Hospitality Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Company’s board of directors (the “Board”) recently appointed Mses. Barbara Faulkenberry, Pamela Patenaude and Linda Medler, each with experience in government services, to the Board (effective January 1, 2022 in the case of Ms. Medler).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Linda Medler was appointed as Director at Target Hospitality Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Company’s board of directors (the “Board”) recently appointed Mses. Barbara Faulkenberry, Pamela Patenaude and Linda Medler, each with experience in government services, to the Board (effective January 1, 2022 in the case of Ms. Medler).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Studdert resigned as Director at Target Hospitality Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
on December 6, 2021, each of Messrs. Andrew Studdert, Eli Baker and Gary Lindsay resigned from their respective positions (i) as members of the Board and (ii) as members of the respective committees of the Board on which they served.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eli Baker resigned as Director at Target Hospitality Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
on December 6, 2021, each of Messrs. Andrew Studdert, Eli Baker and Gary Lindsay resigned from their respective positions (i) as members of the Board and (ii) as members of the respective committees of the Board on which they served.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Lindsay resigned as Director at Target Hospitality Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
on December 6, 2021, each of Messrs. Andrew Studdert, Eli Baker and Gary Lindsay resigned from their respective positions (i) as members of the Board and (ii) as members of the respective committees of the Board on which they served.
View on SEC.gov
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