Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 2020 (March 11, 2020)
Stabilis Energy, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
of incorporation)
File Number)
(IRS Employer
Identification No.)
10375 Richmond Ave. Suite 700 
Houston, Texas
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: 832-456-6500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol
Name of each market on which traded
Common Stock, $.001 par value
The OTCQX Best Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o

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

On March 11, 2020 Stabilis Energy, Inc. (the “Company”) entered into an Executive Employment Agreement (the “Employment Agreement”) with James G Aivalis, in connection with Mr. Aivalis’ continuing employment as the Company’s Chief Operating Officer.

A summary of the Employment Agreement is set forth on Exhibit 99.1 and incorporated by reference herein. This summary of the Employment Agreement is qualified in its entirety by reference to the Employment Agreement filed in Form 10-Q/A on July 2, 2020.

Item 9.01 Financial Statements and Exhibits.

*    Filed herewith.
†    Indicates management contract or compensatory plan, contract or arrangement.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

By: /s/James Reddinger
James Reddinger
President and Chief Executive Officer
Date: July 2, 2020


Exhibit 99.1

Summary of James G. Aivalis Employment Agreement

The Employment Agreement covers Mr. Aivalis’ employment with the Company as Chief Operating Officer from the period from January 1, 2020 through January 31, 2021. 
Mr. Aivalis’ base salary is $325,000 on an annualized basis;
The Employment Agreement sets Mr. Aivalis’ bonus for 2019 service as $260,000 payable in 2020. 
Mr. Aivalis’ target incentive bonus amount for 2020 service is set as 50% of his base salary based on meeting performance objectives set by the Board of Directors, with an opportunity of receiving a stretch bonus in excess of the target amount.
Mr. Aivalis will receive a car allowance of $750 per month, term life insurance policy and a professional network fee. Mr. Aivalis will also receive the employee benefits available to the Company’s other executive employees. 
Mr. Aivalis will receive separation benefits in the event that the Company terminates his employment without cause or Mr. Aivalis terminates his employment with Good Reason of (i) the unpaid balance of his 2019 bonus, (ii) 100% of his base salary through January 31, 2021, (iii) pro-rata amount of his target incentive bonus for 2020 based on the number of days employed in 2020 and (iv) COBRA coverage through January 31, 2021.
If Mr. Aivalis’ employment is terminated for any reason other than death or inability to perform or the Company terminates such employment for cause, Mr. Aivalis will perform the following services following the termination of employment: (a) Mr. Aivalis will serve on the Company’s Board of Directors, subject to Board and shareholder approval, in which event he will receive the compensation paid to outside directors. If he is not selected to serve on the Board of Directors he will receive the compensation equivalent to one year’s outside director fees; (b) Mr. Aivalis will provide up to 20 hours per month for consulting services for a period of one year for a consulting fee of $12,000 per month plus participation in the Company’s health insurance benefits.
This summary of Mr. Aivalis’ employment agreement is qualified in its entirety by reference to the agreement, a copy of which is filed in Form 10-Q/A on July 2, 2020.