Target Hospitality discloses compensation for promoted CFO Vlacich and EVP Schrenk

Target Hospitality Corp.

Jason Vlacich promoted to CFO/CAO; employment agreement details base salary $410k, target bonus 85%, annual LTI $450k, one-time $150k RSU grant.
Troy Schrenk promoted to Senior EVP Operations and CCO; base salary $400k, target bonus 85%, annual LTI $550k.
Both agreements run through Dec 31, 2027 with automatic 12-month renewals unless non-renewal notice given 120 days prior.
Severance: 100% of base salary plus target bonus upon non-cause termination; 200% upon termination within 12 months of change of control.
This 8-K/A amendment adds compensation terms not available in the original Jan 23, 2024 filing.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jason Vlacich

Chief Financial Officer and Chief Accounting Officer

TH · Target Hospitality Corp.

Effective: 2024-01-23
Filed: March 5, 2024, 6:59 PM ET

the Board promoted Jason Vlacich, the Chief Accounting Officer of the Company, to the role of Chief Financial Officer and Chief Accounting Officer, effective as of January 23, 2024.

Role change

Troy Schrenk

Senior Executive Vice President Operations and Chief Commercial Officer

TH · Target Hospitality Corp.

Effective: 2024-01-23
Filed: March 5, 2024, 6:59 PM ET

the Board promoted Troy Schrenk, Chief Commercial Officer of the Company, to the role of Senior Executive Vice President Operations and Chief Commercial Officer, effective as of January 23, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Vlacich changed role as Chief Financial Officer and Chief Accounting Officer at Target Hospitality Corp..

Action: promoted
Role: Chief Financial Officer and Chief Accounting Officer

Exact text from the filing

the Board promoted Jason Vlacich, the Chief Accounting Officer of the Company, to the role of Chief Financial Officer and Chief Accounting Officer, effective as of January 23, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Troy Schrenk changed role as Senior Executive Vice President Operations and Chief Commercial Officer at Target Hospitality Corp..

Action: promoted
Role: Senior Executive Vice President Operations and Chief Commercial Officer

Exact text from the filing

the Board promoted Troy Schrenk, Chief Commercial Officer of the Company, to the role of Senior Executive Vice President Operations and Chief Commercial Officer, effective as of January 23, 2024.

View on SEC.gov

Target Hospitality Corp. filing history →

Source: SEC EDGAR

accession 0001712189-24-000034

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