Business Context and Reporting Period
This Form 8-K filing by NextDecade Corporation (NEXT) was submitted on November 29, 2023, reporting events occurring on November 26, 2023. The company is incorporated in Delaware and trades on The Nasdaq Stock Market LLC.
Financial Metrics
This filing is a current report regarding corporate governance changes and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
The material change reported is the departure of a director from the Board of Directors:
- Resignation: Mr. Seokwon Ha notified the Company of his intent to resign from the Board, effective December 3, 2023.
- Reason: Mr. Ha is resigning to accept a new position at an affiliate of HGC NEXT INV LLC ("HGC").
- Disagreements: The filing explicitly states the resignation is not due to any disagreements with the Company regarding operations, policies, or practices.
- Replacement: HGC intends to designate a replacement director in the near term pursuant to the Purchaser Rights Agreement dated August 3, 2018.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on future performance. No new risks, contingencies, or unusual items were disclosed in this report.
Key Facts for Investor Verification
- Verify the appointment date of the replacement director nominated by HGC NEXT INV LLC.
- Confirm the effective date of Mr. Ha's resignation (December 3, 2023) against the company's official board roster.
- Review the Purchaser Rights Agreement to understand the specific terms regarding HGC's right to designate board members.