RigNet,Inc. (NASDAQ:RNET) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 27, 2017, the Board of Directors of RigNet, Inc. (the “Company”) approved a special cash retention bonus payable to Charles Schneider, the Company’s Chief Financial Officer, equal to one (1) times Mr. Schneider’s current base salary. The award will be paid in two equal installments of $162,500 on March 31, 2018 and March 31, 2019, assuming Mr. Schneider’s continued employment with the Company on the applicable payment date.

About RigNet, Inc. (NASDAQ:RNET)

RigNet, Inc. (RigNet) is a provider of digital technology solutions to the oil and gas industry. The Company provides managed remote communications, managed services and collaborative applications, focusing on offshore and onshore drilling rigs, energy production facilities, and energy maritime. The Company operates through three segments: Eastern Hemisphere, Western Hemisphere and RigNet Systems Integration and Automation. The Company’s Eastern Hemisphere segment provides remote communications services for customers and rig sites located on the eastern side of the Atlantic Ocean. The Company’s Western Hemisphere segment provides remote communications services for onshore and offshore customers and rig sites located on the western side of the Atlantic Ocean. The Company’s RigNet Systems Integration and Automation segment designs, assembles, installs and commissions solutions for customer telecommunications systems.

RigNet, Inc. (NASDAQ:RNET) Recent Trading Information

RigNet, Inc. (NASDAQ:RNET) closed its last trading session up +0.25 at 21.45 with 34,336 shares trading hands.