Target Hospitality Corp. filings document the public-company record for a Nasdaq-listed provider of modular accommodations and hospitality services. Its 8-K reports disclose operating results, investor presentations, Regulation FD business updates, contract announcements and material corporate events connected to its workforce communities and service offerings.
TH filings also cover common stock registration and capital-structure matters, including prospectus supplements and underwriting agreements for secondary offerings by selling stockholders. Proxy materials describe annual meeting proposals, board composition, committee service, executive compensation and equity incentive matters, while governance-related 8-K filings record director appointments and amendments to performance stock unit arrangements under the company incentive plan.
Smyth Margaret Mary reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. granted director Margaret Mary Smyth 6,963 Restricted Stock Units on August 4, 2026 as she joined the Board of Directors. Each RSU represents a contingent right to receive one share of common stock or its cash equivalent and will vest in full on May 20, 2027 under the company’s 2019 Incentive Award Plan and related Award Agreement.
Sanchack Erich reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. director Erich Sanchack received a grant of 6,963 Restricted Stock Units on August 4, 2026 as a newly appointed board member. Each RSU represents one share of common stock or its cash equivalent and vests in full on May 20, 2027 under the 2019 Incentive Award Plan.
Target Hospitality Corp. reports that director Margaret Mary Smyth currently has no securities beneficially owned in the company’s common stock, par value $0.001 per share. A holding entry dated August 4, 2026 shows total shares following the entry as 0.0000, with a footnote confirming no beneficial ownership.
Heidi D. Lewis signs on behalf of Ms. Smyth as Attorney-in-Fact under a Power of Attorney dated July 1, 2026, which authorizes execution of this ownership report.
Erich Sanchack, a director of Target Hospitality Corp., filed an initial statement of beneficial ownership reporting no beneficial ownership of the company’s common stock, par value $0.001 per share, as of 2026-08-04. Attorney-in-Fact Heidi D. Lewis signed under a Power of Attorney dated April 29, 2026.
Target Hospitality Corp. appointed Margaret (Peggy) Smyth, age 62, and Erich Sanchack, age 56, to its Board of Directors effective August 4, 2026, with terms running until the 2027 annual meeting of stockholders. Smyth will serve on the Audit Committee and Sanchack on the Compensation Committee, and both are classified as independent directors under Nasdaq standards.
Smyth is a senior finance executive and currently Senior Advisor at Alvarez & Marsal, with prior roles including Chief Financial Officer of National Grid US and leadership positions at QIC, Consolidated Edison, United Technologies, 3M, Deloitte & Touche, and Arthur Andersen. She serves on several boards, including MOA Funds, helping oversee nearly $30 billion in assets across 28 funds. Sanchack is Chief Executive Officer of Salute and previously held senior roles at Digital Realty Trust, CenturyLink, and Lockheed Martin, bringing extensive data center and infrastructure experience.
Both new directors will receive compensation consistent with other non-employee directors as described in the April 7, 2026 definitive proxy statement and will enter into the company’s standard director and officer indemnification agreement. The company states there are no appointment arrangements with other persons and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Target Hospitality Corp., through subsidiary Arrow Bidco, entered into a new senior secured asset-based revolving credit facility providing up to $660 million in borrowing capacity. On the July 24, 2026 closing date, $65.7 million was drawn to repay and terminate the prior credit facility and pay related fees.
The new ABL facility has a five-year term, with borrowing availability determined by a borrowing base tied to eligible accounts receivable, rental equipment and qualified cash, net of reserves. It includes sublimits of $100 million for letters of credit and $50 million for swingline loans, plus an accordion feature that can increase total commitments to $850 million, subject to lender commitments and other conditions.
Borrowings bear interest at SOFR- or base-rate benchmarks plus an initial margin of 2.50% for term and RFR loans and 1.50% for base-rate loans, with margins thereafter ranging from 2.25%–3.00% and 1.25%–2.00% based on Arrow Bidco’s Total Leverage Ratio. The facility is guaranteed by the company and material subsidiaries, secured by a first-priority lien on substantially all of their assets, and requires compliance with quarterly-tested leverage and coverage covenants along with customary negative covenants.
Target Hospitality Corp. received an amendment to a Schedule 13G from Private Capital Management, LLC reporting beneficial ownership of 3,701,815 shares of Common Stock, representing 3.70% of the class as of 06/30/2026.
The filing states sole voting/dispositive power over 1,417,302 shares and shared voting/dispositive power over 2,284,513 shares, and disclaims beneficial ownership where dispositive power is held.
Target Hospitality Corp.’s major holders reported an internal share redistribution. On June 18, 2026, MFA Global S.a r.l. (in liquidation) and Arrow Holdings S.a r.l. distributed an aggregate of 1,344,460 shares of common stock to certain limited partners for no consideration.
Following this restructuring-type transaction, entities associated with TDR Capital remain indirect holders of 45,978,409 shares of Target Hospitality common stock, including 34,951,238 shares held by Arrow and 11,027,171 shares held by MFA Global. The TDR-related persons expressly disclaim beneficial ownership beyond their pecuniary interest.
Target Hospitality Corp. received an updated Schedule 13D/A from a group led by TDR Capital regarding their large ownership stake. The reporting persons collectively beneficially own 45,978,409 shares of common stock, representing 46.2% of the company.
The amendment notes that on June 18, 2026, Arrow Holdings and MFA Global made a distribution in kind of 1,344,460 Target Hospitality common shares to certain of their limited partners, adjusting how part of the stake is held without changing overall control by the reporting group.
Target Hospitality Corp. director Stephen Robertson reported internal share redistributions involving affiliated investment entities, not open-market trades. An in-kind distribution from TDR Capital allocated 348,475 shares of common stock to Ball LP and 31,667 shares to Halkin Private Capital Limited at a stated price of $0.0000 per share. Following these changes, Robertson holds 752,397 shares directly, while indirect holdings include 655,689 shares through Ball LP and 109,051 shares through Halkin, reflecting his roles and pecuniary interests in these entities.