TETRA TECHNOLOGIES INC 8-K/A

What Happened TETRA Technologies, Inc. filed an 8-K reporting that Senior Vice President and Chief Financial Officer (principal financial officer) Elijio V. Serrano will retire from the CFO role effective March 31, 2026. The company’s board appointed Matthew J. Sanderson—currently Executive Vice President and Chief Commercial Officer—to become Executive Vice President and Chief Financial Officer effective upon Serrano’s retirement. Serrano has entered a transition agreement to remain as a non‑executive employee/advisor through April 2, 2027, unless earlier terminated.

Key Details

• Elijio V. Serrano informed the company on October 24, 2025 of his intent to retire as CFO effective March 31, 2026; transition agreement dated April 1, 2026.
• Matthew J. Sanderson’s new CFO compensation: base salary increased to $490,000 (from $467,500); target annual incentive increased to 90% of base (from 80%); total target long‑term award value increased to $925,000 (from $750,000).
• Sanderson’s change‑of‑control agreement amended to provide benefits equal to 2.5× his annual base salary plus target bonus.
• Serrano’s Transition Agreement: annual advisory salary $125,000 through April 2, 2027; prorated cash incentive and performance awards subject to achievement (individual goals deemed satisfied); time‑based RSUs continue to vest per schedule.

Why It Matters This filing documents a planned CFO succession with an internal promotion, helping preserve continuity in finance and commercial leadership. Investors should note the increases in Sanderson’s pay and enhanced change‑of‑control severance, which affect executive compensation expense and the company’s potential severance obligations. Serrano’s advisory role through April 2027 aims to smooth the transition and maintain access to his experience during the handover.