NextDecade Corporation
09/26/2024 | Press release | Distributed by Public on 09/26/2024 07:05
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 23, 2024, NextDecade Corporation (the "Company") received notice from Mr. Thibaud de Préval of his intent to resign from the Company's Board of Directors (the "Board"). Mr. de Préval was initially appointed to the Board in August 2023 pursuant to that certain Purchaser Rights Agreement between the Company and Global LNG North America Corp., an affiliate of TotalEnergies, dated as of June 14, 2023 (the "Purchaser Rights Agreement"). Mr. de Préval indicated that he would be resigning from the Board as a result of taking on a new position within TotalEnergies and not due to any disagreements with the Company on any matter relating to the Company's operations, policies or practices. Global LNG North America Corp. has informed the Company that it intends to designate a replacement director on the Company's Board in accordance with the Purchaser Rights Agreement in the near term, and Mr. de Préval resignation will be effective as of the date such replacement director is appointed to the Board.