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Get filing alertsNew ERA Energy appoints Chief Corporate Officer, discloses 1.4 GW flagship project capacity
Filed April 17, 2026 · Period ending April 14, 2026 · ~1 min read
Key Changes
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Company disclosed its flagship Texas Critical Data Centers project is expected to support up to 1.4 gigawatts of gross power production, providing first quantitative measure of primary development initiative's scale.
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Andrew Casazza appointed Chief Corporate Officer effective April 28, 2026, with $415K base salary and up to 40% annual bonus. Previously co-founded and served as CFO at Windy Cove Energy II and Pure Earth Plasma Holdings.
Item 5.02 verify on EDGAR → -
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Casazza granted 400,000 RSUs vesting monthly over four years, representing significant equity dilution. Grant made outside existing equity plan as inducement award.
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Change-in-control severance package includes 150% of base salary, unpaid bonuses, and 18 months benefits. Standard termination provides 100% salary and 12 months benefits.
Item 5.02 verify on EDGAR →
Summary
New ERA Energy disclosed two significant developments in this 8-K. First, the company provided its first public capacity estimate for Texas Critical Data Centers, its flagship project, stating it will support up to approximately 1.4 gigawatts of gross power production.
This quantitative disclosure gives investors concrete visibility into the scale of the company's primary development initiative and its potential revenue-generating capacity. Second, the company appointed Andrew Casazza as Chief Corporate Officer, a new C-suite position. Casazza brings experience as co-founder and CFO of energy ventures Windy Cove Energy II and Pure Earth Plasma Holdings.
His compensation package includes $415,000 base salary, 40% bonus potential, and 400,000 RSUs vesting over four years—representing meaningful equity dilution for existing shareholders. Retail investors should monitor whether the company provides additional operational details about the Texas project, including timeline to commercial operation, customer commitments, and capital requirements. The creation of a Chief Corporate Officer role may signal preparation for growth or corporate development activity. Watch for updates on project milestones and whether Casazza's hire precedes strategic transactions.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On April 17, 2026, New Era Energy & Digital, Inc. (the “Company”) announced that on April 14, 2026, the Board of Directors (the “Board”) of the Company appointed Andrew Casazza to serve as Chief Corporate Officer of the Company, effective April 28, 2026.
The company appointed Andrew Casazza, age 58, as Chief Corporate Officer effective April 28, 2026. Mr. Casazza previously served as co-founder, CFO and board member for Windy Cove Energy II since 2017 and Pure Earth Plasma Holdings since 2021. This is a new executive position being filled.
Added in current filing · verify on EDGAR →
Mr. Casazza was also granted an award of restricted stock units (“RSUs”) covering a total of 400,000 shares of the Company’s common stock which shall vest each month over a four-year period beginning on April 28, 2026 subject to Mr. Casazza’s continued employment with the Company
Mr. Casazza received a grant of 400,000 RSUs that vest monthly over four years starting April 28, 2026, contingent on continued employment. These RSUs are inducement grants and were not issued under the company's existing equity incentive plan. At current market prices, this represents significant equity compensation for the new executive.
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Under the Casazza Employment Agreement, Mr. Casazza’s annual base salary is $415,000, subject to adjustment by the Compensation Committee of the Board (the “Compensation Committee”). Mr. Casazza will have an annual target bonus opportunity of up to 40% of his annual base salary based on the achievement of specified performance goals set by the Compensation Committee.
Mr. Casazza will receive an annual base salary of $415,000 with a target bonus opportunity of up to 40% of base salary (up to $166,000) based on performance goals. The Compensation Committee can adjust the base salary and sets performance targets for the bonus.
Event · Item 9.01 — Financial Statements and Exhibits
New ERA Energy & Digital disclosed employment and restricted stock unit agreements with Andrew Casazza dated April 28, 2026.
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Employment Agreement, dated April 28, 2026, by and between the Company and Andrew Casazza.
The company entered into an employment agreement with Andrew Casazza on April 28, 2026. The 8-K does not disclose the role, compensation terms, or other material details of this employment arrangement, which are presumably contained in the attached exhibit. This represents a new executive or key employee hire.
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Restricted Stock Unit Award Agreement, dated April 28, 2026, by and between the Company and Andrew Casazza.
Concurrent with the employment agreement, the company granted restricted stock units to Andrew Casazza on April 28, 2026. The 8-K does not specify the number of RSUs, vesting schedule, or other terms. This equity compensation will result in future dilution to existing shareholders when the units vest.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify