secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2021-12-10T23:59:59+00:00
Accession:  0001712189-21-000040
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Three directors resign; CEO, CFO, CCO employment agreements extended and severance enhanced
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000171218921000040/0001712189-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000171218921000040/th8k_121021.htm
  HTML page:      https://secwatch.observer/filing/0001712189-21-000040

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