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Executive ChangeItem 5.02 · 8-KMEDIUM RiskNeutral

NET POWER INC.

A senior executive or director joined, left, or changed roles. An 8-K is the notice a US public company must file within four business days of a major event.

netpower.com
Filed: May 12, 2025Houston, TexasCIK: 0001845437Energy
Full company profileView on SEC.gov

AI Executive Summary

AI-powered analysis of 8-K filing content

Net Power Inc. appointed Ned Leland (Lee) Shuman as Chief Financial Officer effective April 13, 2026, replacing interim CFO Daniel J. Rice IV. Rice remains CEO and principal financial officer until Shuman assumes that role after the Q1 2026 Form 10-Q is filed.

Key Takeaways

Shuman, age 56, brings more than 25 years of power-sector finance experience, including most recently serving as Head of Power Finance at Javelin Global Commodities (April 2024 to April 2026) and prev

Shuman's compensation package sets a base salary of $420,000, a short-term incentive target of 60% of base salary, and a long-term equity incentive target of 180% of base salary.

2 more takeaways

Related Filings (3)

3 more filings from NET POWER INC. in the last 90 days

Filing Overview

Form Type8-K
Filing DateMay 12, 2025
Item5.02
CategoryExecutive Change
CIK0001845437
Accession #npwr-20260410
Risk LevelMEDIUM
SentimentNeutral
Signalinformational
Topics
executive hireleadership transition

What This Means

A senior executive (CEO, CFO, etc.) has joined, departed, or changed roles. Leadership changes can significantly impact strategy.
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NET POWER INC. filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.

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