NEXT NextDecade Corp
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Executive Summary
NextDecade Corp announced an amended and restated employment agreement with CEO Matthew Schatzman, extending his term through 2029 and outlining his compensation and severance terms.
Actionable Insight
This is a routine executive compensation update. The agreement ensures CEO continuity through 2029 with a competitive pay package. The enhanced severance terms, especially after a change of control, are standard for CEO retention and could influence takeover considerations.
Key Facts
- NextDecade Corp entered into an amended and restated employment agreement with CEO Matthew Schatzman, effective immediately.
- The agreement supersedes his prior agreement from September 8, 2017.
- The new agreement provides for an initial term through April 15, 2029, with automatic one-year extensions unless notice is given.
- Schatzman's annual base salary is set at $1,000,000, subject to increase by the Board.
- He is eligible for an annual bonus with a target of 130% of his base salary, and for long-term incentive awards.
- The agreement details severance benefits if Schatzman's employment is terminated without cause or for good reason, including 24 months of base salary and 200% of his target bonus.
- The severance benefits increase to 36 months of base salary and 300% of his target bonus if termination occurs within 24 months following a change of control.
- The agreement also includes non-competition, non-solicitation, and confidentiality covenants.
Financial Impact
The agreement sets a base salary of $1 million and a target bonus of $1.3 million, with potential for increases. It also outlines significant severance packages of up to $3 million in salary and $3 million in bonus, plus benefits, if triggered.
Risk Factors
- The significant severance package could be costly if triggered.
- The agreement's terms, particularly the change of control provisions, could be a factor in potential acquisition discussions.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001612720-26-000013 |
| Document: 0001612720-26-000013-index-headers.html | 0001612720-26-000013 |
| Document: 0001612720-26-000013-index.html | 0001612720-26-000013 |
| Document: 0001612720-26-000013.txt | 0001612720-26-000013 |
Filters
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Jun 11, 2026
1d ago
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3
| $8.26 awaiting T+1 | awaiting T+1 | — | $8.40 (+1.69%) |
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Jun 3, 2026
9d ago
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8-K
| $8.66 $8.53 | ▼ −1.50% | ▲ +1.07% | $8.40 (−3.00%) |
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May 19, 2026
24d ago
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DEFA14A
| $8.71 $8.45 | ▼ −2.99% | ▼ −3.18% | $8.40 (−3.56%) |
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Apr 15, 2026
8w ago
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8-K
| $7.54 $6.84 | ▼ −9.28% | ▼ −10.50% | $8.40 (+11.41%) |
US Market Status
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