secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001712189-24-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CFO departs; Vlacich promoted to CFO, Schrenk to Senior EVP; reaffirms outlook
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- CFO Eric T. Kalamaras departs effective Jan 22, 2024; departure is mutual, not due to any disagreement with company or auditors.
- Jason Vlacich promoted to CFO and CAO effective Jan 23; base salary $410k, 85% target bonus, $450k annual award, $150k RSU grant.
- Troy Schrenk promoted to Senior EVP Operations & CCO; base salary $400k, $550k annual award.
- Company reaffirms full year 2023 and preliminary 2024 financial outlook, as provided with $3.3B Pecos contract award in Dec 2023.
- Both promotions align with recent transformational multi-year humanitarian contract; teams remain intact for seamless transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000171218924000003/0001712189-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000171218924000003/th8-k.htm
  HTML page:      https://secwatch.observer/filing/0001712189-24-000003

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