secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001712189-24-000028
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Hospitality enters amended employment agreements for CEO Archer and EVP/GC Lewis with extended terms through 2027
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- CEO Archer: base salary $850K, target bonus 133% of salary, LTIP equity target $1.9M; term through Dec 2027 with auto-renew.
- EVP/GC Lewis: base salary $375K, target bonus 75% of salary, LTIP equity target $350K; same term structure.
- Severance: Archer receives 125% of base+bonus on non-cause termination; change-in-control triggers 250% plus 18 months health coverage.
- New form 2024 Executive RSU and PSU agreements adopted; PSU vesting tied to TSR and Diversification EBITDA with 0-200% payout range.
- Lewis severance: 100% of base+bonus on non-cause termination; change-in-control provides 200% plus 18 months health coverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000171218924000028/0001712189-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000171218924000028/th8-k.htm
  HTML page:      https://secwatch.observer/filing/0001712189-24-000028

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