Intuitive Machines (LUNR) awards CEO and CFO cash bonuses tied to acquisitions
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Intuitive Machines, Inc. approved special cash transaction bonuses for two senior executives in connection with its previously disclosed acquisitions of KinetX, Inc. and Lanteris Space Holdings, LLC. The Board granted a $512,750 bonus to President and Chief Executive Officer Stephen Altemus and a $247,500 bonus to Senior Vice President and Chief Financial Officer Peter McGrath.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
FAQ
What executive bonuses did Intuitive Machines (LUNR) approve in this 8-K?
Intuitive Machines approved cash transaction bonuses for two senior executives. CEO Stephen Altemus will receive $512,750, and CFO Peter McGrath will receive $247,500, as one-time payments approved by the Board of Directors in connection with completed acquisitions.
Why did Intuitive Machines (LUNR) grant transaction bonuses to its CEO and CFO?
The company granted cash transaction bonuses to recognize its previously disclosed acquisitions of KinetX, Inc. and Lanteris Space Holdings, LLC. The Board approved these payments as compensation tied specifically to those completed acquisition transactions rather than to routine annual incentive programs.
Which Intuitive Machines (LUNR) executives are receiving the transaction bonuses?
The bonuses go to Stephen Altemus, President and Chief Executive Officer, and Peter McGrath, Senior Vice President and Chief Financial Officer. Both executives are receiving one-time cash payments approved by the Board in connection with the company’s completed acquisitions.
How large is CEO Stephen Altemus’s transaction bonus at Intuitive Machines (LUNR)?
CEO Stephen Altemus is receiving a cash transaction bonus of $512,750. This payment was approved by the Board of Directors to recognize his role in Intuitive Machines’ previously disclosed acquisitions of KinetX, Inc. and Lanteris Space Holdings, LLC.
What is the size of CFO Peter McGrath’s transaction bonus at Intuitive Machines (LUNR)?
CFO Peter McGrath is receiving a cash transaction bonus of $247,500. The Board approved this one-time payment in recognition of Intuitive Machines’ previously disclosed acquisitions of KinetX, Inc. and Lanteris Space Holdings, LLC, as described in the current report.