Business Context and Reporting Period
This Form 8-K Current Report was filed by Target Hospitality Corp. on January 12, 2026. The filing discloses a change in executive leadership within the finance department, specifically the appointment of a new Chief Accounting Officer and the adjustment of the Chief Financial Officer's title.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel changes and employment agreements.
Material Changes
- Appointment: Cyril J. Hahamski was appointed as Chief Accounting Officer, effective January 12, 2026.
- Role Adjustment: Jason P. Vlacich ceased serving as Chief Accounting Officer but will continue as Chief Financial Officer.
- Compensation Structure: Mr. Hahamski's employment agreement includes an annual base salary of $300,000, a target annual cash performance bonus of 50% of base salary, a long-term equity award target of $150,000, and a one-time sign-on bonus of $75,000.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, financial outlook, or discussion of general business risks. The primary contingency disclosed relates to the severance provisions in Mr. Hahamski's employment agreement, which include specific payouts for termination without Cause or resignation for Good Reason, as well as enhanced benefits in the event of a Change in Control.
Investor Verification Checklist
- Verify the full text of the Employment Agreement (Exhibit 10.1) for specific definitions of "Cause," "Good Reason," and "Change in Control."
- Confirm the vesting schedule and terms of the Restricted Stock Units (RSUs) available as an alternative to cash salary.
- Review the press release (Exhibit 99.1) for additional context on the strategic rationale for this leadership change.
- Note that the amendment to Jason P. Vlacich's employment agreement will be filed in the subsequent Form 10-K for the fiscal year ended December 31, 2025.