secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K/A
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001712189-24-000034
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Hospitality discloses compensation for promoted CFO Vlacich and EVP Schrenk
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000171218924000034/0001712189-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000171218924000034/th8k.htm
  HTML page:      https://secwatch.observer/filing/0001712189-24-000034

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