Short answer
NextDecade Corp (NEXT) filed an 8-K current report with the SEC on April 15, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO and Chairman Matthew Schatzman secured a new term through April 15, 2029, with one-year automatic renewals.
NextDecade Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO and Chairman Matthew Schatzman secured a new term through April 15, 2029, with one-year automatic renewals
- Base salary set at $1 million, with target annual bonus of 130% of salary
- Standard termination package: 24 months’ salary, 200% target bonus, prorated bonus, and 24 months’ benefits
- Change-of-control protection: 36 months’ salary, 300% target bonus, benefits, and accelerated equity vesting
- Enhanced severance creates potentially material future obligations and may affect takeover economics
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