This is a management restructuring with no financial results — the key watch item is execution on the data-center milestones embedded in Rodriguez's PSUs (200MW campus, hyperscaler lease, project financing). Gray stepping down from CEO and Board without stated disagreement reduces transition risk, but the stock's weak historical performance pattern (22% win rate at T+20) suggests caution. Monitor for the next quarterly filing for progress on the data-center strategy.
Price Chart
Executive Summary
New Era Energy & Digital completed a major C-suite restructuring, appointing Charles Nelson as Chairman and CEO (promoted from COO), Ted Warner as President and Board member (adding to CFO role), and Jose Rodriguez as COO (hired from Microsoft/ByteDance). Former CEO E. Will Gray II was reassigned to President of the Permian Basin and resigned from the Board. New COO Jose Rodriguez received a $75k signing bonus and 450,000 performance-vesting RSUs tied to data-center operational milestones (200MW campus, Tier-1 hyperscaler lease, financing).
Key Facts
- Charles Nelson appointed Chairman and CEO effective July 1, 2026; previously President and COO
- Ted Warner appointed President (retains CFO) and added to Board effective July 1, 2026
- Jose Rodriguez appointed COO effective July 1, 2026; previously VP Data Center Engineering and Operations
- E. Will Gray II reassigned from CEO to President of the Permian Basin effective July 1, 2026; resigned from Board same date
- Gray's board resignation was not the result of any disagreement with the Company
- New COO Rodriguez receives annual base salary of $485,000, target bonus up to 40%, $75,000 signing bonus (subject to 12-month clawback)
- Rodriguez granted 450,000 performance-vesting RSUs tied to: 200MW campus commercial ops, Tier-1 hyperscaler lease for 500MW site, and financing for second 500MW data center site
- Gray's new agreement runs through July 1, 2030 with severance equal to remaining base salary through term if terminated without cause
Financial Impact
New COO Rodriguez total annual cash comp ~$485k base + up to $194k target bonus + $75k signing bonus; 450,000 PSUs with performance milestones tied to data-center scale-up; Gray's severance guarantee through 2030 valued at $550k/year plus benefits for ~4 years if terminated without cause
Risk Factors
- Gray's reassignment from CEO to Permian Basin president may indicate strategic pivot or internal friction despite 'no disagreement' language
- Large PSU grant (450k shares) could represent meaningful dilution if fully earned; no current share count available to quantify
- Historical filings on this ticker show poor T+20 performance (22% win rate), suggesting the market has been skeptical of prior strategic moves
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-075176 |
| Document: ea029702601ex10-3.htm | 0001213900-26-075176 |
| Document: ea0297026-8k_newera.htm | 0001213900-26-075176 |
| Document: ea029702601ex10-4.htm | 0001213900-26-075176 |
| Document: ea029702601ex10-2.htm | 0001213900-26-075176 |
| Document: ea029702601ex10-1.htm | 0001213900-26-075176 |
| Document: 0001213900-26-075176-index-headers.html | 0001213900-26-075176 |
| Document: 0001213900-26-075176-index.html | 0001213900-26-075176 |
| Document: 0001213900-26-075176.txt | 0001213900-26-075176 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | 8-K | $5.13 $5.42 | ▲ +5.56% | ▲ +6.55% | $6.29 (+22.61%) |
Aug 14, 2026 7w ago | Press Release | $5.46 $5.60 | ▲ +2.56% | ▲ +4.09% | $6.29 (+15.20%) |
Aug 11, 2026 7w ago | Press Release | $5.23 $6.48 | ▼ −23.90% | ▼ −24.96% | $6.29 (−20.27%) |
Jul 30, 2026 9w ago | 8-K | $4.66 $4.66 | · 0.00% | ▲ +2.99% | $6.29 (−34.98%) |
Jul 9, 2026 12w ago | Press Release | $4.43 $5.28 | ▲ +19.19% | ▲ +16.76% | $6.29 (+41.99%) |
Jul 8, 2026 12w ago | 3 | $4.51 $5.16 | ▲ +14.41% | ▲ +12.17% | $6.29 (+39.47%) |
Jul 6, 2026 12w ago | 8-K | $4.76 $4.66 | ▼ −2.10% | ▼ −1.54% | $6.29 (+32.14%) |
May 15, 2026 20w ago | Press Release | $4.88 $5.63 | ▲ +15.37% | ▲ +13.25% | $6.29 (+28.89%) |
Apr 14, 2026 24w ago | Press Release | $5.11 $4.92 | ▼ −3.72% | ▼ −9.76% | $6.29 (+23.09%) |
Apr 10, 2026 25w ago | Press Release | $4.58 $5.00 | ▲ +9.17% | ▲ +1.44% | $6.29 (+37.34%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access