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TTI > SEC Filings for TTI > Form 8-K on 16-Jun-2014All Recent SEC Filings

Show all filings for TETRA TECHNOLOGIES INC

Form 8-K for TETRA TECHNOLOGIES INC


16-Jun-2014

Change in Directors or Principal Officers, Financial Statements and Exhibi


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Joseph Elkhoury commenced his employment with TETRA Technologies, Inc. (the "Company") on June 16, 2014. Effective as of that date, Mr. Elkhoury was appointed by the Board of Directors of the Company to the positions of Senior Vice President and Chief Operating Officer. In connection with Mr. Elkhoury's appointment, on June 4, 2014, the Board of Directors authorized the grant to Mr. Elkhoury of an employment inducement award of 232,302 shares of restricted stock, to be effective upon the date Mr. Elkhoury commenced employment with the Company. On June 16, 2014, the Company and Mr. Elkhoury executed an Employee Restricted Stock Award Agreement evidencing such inducement award. Unless Mr. Elkhoury terminates his employment with TETRA or is terminated by TETRA for cause, 35,111 shares of the restricted stock will vest on the date that is six months following the grant date of the award, 79,381 shares of the restricted stock will vest on the one-year anniversary of the grant date of the award, 44,602 shares of the restricted stock will vest on the second anniversary of the grant date of the award, an additional 55,685 shares of the restricted stock will vest on the third anniversary of the grant date, and the remaining 17,523 shares will vest on the fourth anniversary of the grant date of the award. The foregoing description of the inducement award granted to Mr. Elkhoury is not complete and is qualified by reference to the full text of the Employee Restricted Stock Award Agreement dated June 16, 2014, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
Exhibit Number                              Description
10.1             Employee Restricted Stock Award Agreement dated June 16, 2014 by
                 and between TETRA Technologies, Inc. and Joseph Elkhoury


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