8-K filed April 15, 2025, 7:59 PM ET ticker NPWR CIK 0001845437

leadership confidence high sentiment neutral materiality 0.70

Net Power President/COO and CFO depart; CEO takes interim CFO role, new COO named

NET Power Inc.

Brian Allen (President/COO) and Akash Patel (CFO) to leave effective April 15; employment ends May 1, 2025.
Allen and Patel receive severance: cash (base salary + avg bonus), prorated target bonus, 12 months health premiums.
56,670 RSUs (Allen) and 50,403 RSUs (Patel) vest; prorated PSUs eligible if performance criteria met.
CEO Daniel Rice IV appointed President and Interim CFO; Marc Horstman (Head of Product Development) named COO.
Horstman's COO compensation not yet determined; Rice continues as CEO and board member.

item 5.02

Executive movements

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

Role change (interim)

Daniel J. Rice IV

President and Interim Chief Financial Officer

NPWR · NET Power Inc.

Effective: 2025-04-15
Filed: April 15, 2025, 7:59 PM ET

Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.

Appointed

Marc Horstman

Chief Operating Officer

NPWR · NET Power Inc.

Effective: 2025-04-15
Filed: April 15, 2025, 7:59 PM ET

Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.

Departed

Akash Patel

Chief Financial Officer

NPWR · NET Power Inc.

Effective: 2025-04-15
Successor: Daniel J. Rice IV
Filed: April 15, 2025, 7:59 PM ET

On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.

Departed

Brian Allen

President and Chief Operating Officer

NPWR · NET Power Inc.

Effective: 2025-04-15
Filed: April 15, 2025, 7:59 PM ET

On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel J. Rice IV was appointed as President and Interim Chief Financial Officer at NET Power Inc..

Action: appointed
Role: President and Interim Chief Financial Officer

Exact text from the filing

Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Horstman was appointed as Chief Operating Officer at NET Power Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Akash Patel resigned as Chief Financial Officer at NET Power Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Allen resigned as President and Chief Operating Officer at NET Power Inc..

Action: resigned
Role: President and Chief Operating Officer

Exact text from the filing

On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.

View on SEC.gov

NET Power Inc. filing history →

Source: SEC EDGAR

accession 0001845437-25-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.