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Posted 17 July, 2023

ENGLOBAL CORP appointed William A. Coskey as new CEO

Nasdaq:ENG appointed new Chief Executive Officer William A. Coskey in a 8-K filed on 17 July, 2023.


  On July 12, 2023, the Board of Directors (the "Board") of ENGlobal Corporation (the "Company") appointed William A. Coskey as the Company's Chief Executive Officer.  

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Overview of ENGLOBAL CORP
Business/Consumer Services • Technical Services
ENGlobal Corp. engages in the provision of engineered modular solutions to the energy industry. It operates through the following segments: Commercial, Government, and Others. The Government segment include services related to the engineering, design, installation, and maintenance of automated fuel handling and tank gauging systems for the U.S. military across the globe. The Commercial segment relates to renewables, automation, and oil, gas, and petrochemical groups. The company was founded by William A. Coskey in 1985 and is headquartered in Houston, TX.
Market Cap
$9.99M
View Company Details
ENGLOBAL CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On July 12, 2023, the Board of Directors (the "Board") of ENGlobal Corporation (the "Company") appointed William A. Coskey as the Company's Chief Executive Officer. Mr. Coskey also serves as the Company's Chairman of the Board.


On July 12, 2023, each of the Company's directors, including Mr. Coskey, was granted 228,571 shares of restricted stock valued at $80,000 based on the fair market value of the shares on the date of grant, or $0.35 per share. The shares vest in equal installments on September 30, 2023, December 31, 2023, March 31, 2024, and June 30, 2024. Historically, directors have received an annual cash retainer of $30,000 and an annual equity grant valued at $50,000 (based on the fair market value of the shares on the date of grant) as compensation for their service to the Company. However, in light of the Company's current financial position, the cash retainer portion of the directors' compensation for the 2023-2024 service term is being paid in shares of restricted stock.


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