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Get filing alertsNextDecade extends CEO Schatzman's contract through 2029 with $1M base, enhanced severance
Filed April 15, 2026 · Period ending April 15, 2026 · ~1 min read
Key Changes
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high
Change-of-control severance package totals ~$6.9M cash (36 months salary + 300% target bonus) plus full equity vesting, creating potential $10M+ liability in acquisition scenario
Item 5.02 verify on EDGAR → -
medium
New three-year employment agreement runs through April 2029 with automatic annual renewals, replacing 2017 contract and locking in leadership continuity
Item 5.02 verify on EDGAR → -
medium
CEO base salary set at $1M with 130% target bonus ($1.3M), totaling $2.3M annual cash compensation subject to board-established performance targets
Item 5.02 verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 23, 2026 1:41 AM