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Williams Industrial Services Group Inc. – ‘10-Q’ for 9/30/20 – ‘EX-10.4’

On:  Thursday, 11/12/20, at 8:10am ET   ·   For:  9/30/20   ·   Accession #:  1558370-20-13610   ·   File #:  1-16501

Previous ‘10-Q’:  ‘10-Q’ on 8/12/20 for 6/30/20   ·   Next:  ‘10-Q’ on 5/19/21 for 3/31/21   ·   Latest:  ‘10-Q’ on 8/16/23 for 6/30/23   ·   2 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/12/20  Williams Industrial Svcs Gp Inc.  10-Q        9/30/20   60:6.6M                                   Toppan Merrill Bridge/FA

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    541K 
 2: EX-10.1     Material Contract                                   HTML     44K 
 3: EX-10.2     Material Contract                                   HTML     77K 
 4: EX-10.3     Material Contract                                   HTML     39K 
 5: EX-10.4     Material Contract                                   HTML     25K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     22K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     22K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     20K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     20K 
16: R1          Document and Entity Information                     HTML     45K 
17: R2          Condensed Consolidated Balance Sheets               HTML    119K 
18: R3          Condensed Consolidated Balance Sheets               HTML     30K 
                (Parenthetical)                                                  
19: R4          Condensed Consolidated Statements of Operations     HTML    124K 
20: R5          Condensed Consolidated Statements of Comprehensive  HTML     33K 
                Income (Loss)                                                    
21: R6          Condensed Consolidated Statements of Stockholders'  HTML     89K 
                Equity                                                           
22: R7          Condensed Consolidated Statements of Cash Flows     HTML    109K 
23: R8          Business and Basis of Presentation                  HTML     36K 
24: R9          Liquidity                                           HTML     25K 
25: R10         Recent Accounting Pronouncements                    HTML     24K 
26: R11         Leases                                              HTML    121K 
27: R12         Changes in Business                                 HTML     79K 
28: R13         Revenue                                             HTML    126K 
29: R14         Earnings Per Share                                  HTML    106K 
30: R15         Income Taxes                                        HTML     40K 
31: R16         Debt                                                HTML    110K 
32: R17         Financial Instruments                               HTML     21K 
33: R18         Commitments and Contingencies                       HTML     22K 
34: R19         Stock-Based Compensation                            HTML     29K 
35: R20         Summary of Significant Accounting Policies          HTML     39K 
                (Policies)                                                       
36: R21         Business and Basis of Presentation (Tables)         HTML     30K 
37: R22         Leases (Tables)                                     HTML    152K 
38: R23         Changes in Business (Tables)                        HTML     76K 
39: R24         Revenue (Tables)                                    HTML    125K 
40: R25         Earnings Per Share (Tables)                         HTML    106K 
41: R26         Income Taxes (Tables)                               HTML     33K 
42: R27         Debt (Tables)                                       HTML     93K 
43: R28         Liquidity (Details)                                 HTML     41K 
44: R29         Leases (Details)                                    HTML     22K 
45: R30         Leases - Lease Cost (Details)                       HTML     26K 
46: R31         LEASES - Right-of use Assets and Lease Liabilities  HTML     31K 
                (Details)                                                        
47: R32         LEASES - Supplemental Information (Details)         HTML     34K 
48: R33         LEASES - Remaining Lease Payments (Details)         HTML     55K 
49: R34         CHANGES IN BUSINESS - Discontinued Operation and    HTML     95K 
                Disposition (Details)                                            
50: R35         REVENUE - Disaggregation of revenue (Details)       HTML     32K 
51: R36         REVENUE - Contract assets and the contract          HTML     35K 
                liabilities (Details)                                            
52: R37         REVENUE -Remaining Performance Obligations          HTML     32K 
                (Details)                                                        
53: R38         Earnings Per Share (Details)                        HTML     67K 
54: R39         Earnings Per Share - Antidilutive (Details)         HTML     24K 
55: R40         Income Taxes (Details)                              HTML     42K 
56: R41         Debt (Details)                                      HTML    226K 
57: R42         Stock-Based Compensation Plans (Details)            HTML    127K 
59: XML         IDEA XML File -- Filing Summary                      XML     95K 
58: EXCEL       IDEA Workbook of Financial Reports                  XLSX     74K 
10: EX-101.INS  XBRL Instance -- wlms-20200930                       XML   1.87M 
12: EX-101.CAL  XBRL Calculations -- wlms-20200930_cal               XML    174K 
13: EX-101.DEF  XBRL Definitions -- wlms-20200930_def                XML    489K 
14: EX-101.LAB  XBRL Labels -- wlms-20200930_lab                     XML   1.11M 
15: EX-101.PRE  XBRL Presentations -- wlms-20200930_pre              XML    730K 
11: EX-101.SCH  XBRL Schema -- wlms-20200930                         XSD    137K 
60: ZIP         XBRL Zipped Folder -- 0001558370-20-013610-xbrl      Zip    137K 


‘EX-10.4’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Exhibit 10.4

Williams Industrial Services Group, LLC

Graphic

a Williams Industrial Services Group, Inc. Company

November 14, 2019

Kelly Powers

Dear Kelly,

On behalf of Williams Industrial Services Group, LLC. (“Company”), this letter is to confirm your position of President - Power. You will report directly to Tracy Pagliara.

The details of our employment offer are outlined below:

Effective Date:

August 14, 2019

Location:

Corporate Headquarters – Tucker, Georgia

Compensation:

$307,500.00 annually.

Short Term Incentive:

Your “target” STI opportunity shall be 70% of your Annual Base Salary and will not be pro-rated for 2019.

Status:

Your employment will be in accordance with the Policies and Procedures of the company.

Additional Terms:

All additional terms of employment remain the same.

Please be advised that neither this letter nor any other oral or written representations may be considered a contract for any specific period of time.

Should you have any questions regarding your employment with Williams Industrial Services Group, please do not hesitate to contact me.

Sincerely,

/s/ Holli Morgan

Holli Morgan

Manager, Human Resources

Williams Industrial Services Group, LLC

100 Crescent Centre Parkway • Suite 1240 • Tucker, Georgia 30084


Williams Industrial Services Group, LLC

Graphic

a Williams Industrial Services Group, Inc. Company

I accept the employment offer as set forth above and I affirm the following:

I am not subject to a non-competition agreement that would preclude engagement with the Company; and

I am not party to any confidentiality, proprietary information, non-solicitation or similar agreements or obligations with any third party that may conflict with engagement with the Company.

I acknowledge and agree that in the course of employment with Employer, that I will have access to confidential and proprietary information of Employer and its affiliates, and I agree to keep such information confidential at all times, during and after employment with Employer, except as may be required by law.

/s/ Kelly Powers

    

11/14/2019

Employee Signature

Date

100 Crescent Centre Parkway • Suite 1240 • Tucker, Georgia 30084



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/12/208-K
For Period end:9/30/20
11/14/1910-Q,  8-K,  NT 10-Q,  S-1
8/14/1910-Q,  8-K
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/16/22  Williams Industrial Svcs Gp Inc.  10-K       12/31/21   93:12M                                    Toppan Merrill Bridge/FA
 3/31/21  Williams Industrial Svcs Gp Inc.  10-K       12/31/20   94:12M                                    Toppan Merrill Bridge/FA
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Filing Submission 0001558370-20-013610   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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