OKmin Resources Appoints New CFO, Elects Directors

TL;DR

OKmin Resources shakes up leadership: new CFO Michael O'Donnell, directors David Johnson & Robert Johnson join the board.

AI Summary

OKmin Resources, Inc. announced on July 24, 2024, the appointment of Michael J. O'Donnell as Chief Financial Officer and the election of two new directors, David L. Johnson and Robert L. Johnson, to its Board of Directors. The company also disclosed compensatory arrangements for its officers. These changes are effective immediately.

Why It Matters

This filing indicates significant changes in OKmin Resources' leadership team, which could impact the company's financial strategy and corporate governance.

Risk Assessment

Risk Level: medium — Changes in key executive and board positions can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

• OKmin Resources, Inc. (company) — Registrant
• Michael J. O'Donnell (person) — Appointed Chief Financial Officer
• David L. Johnson (person) — Elected Director
• Robert L. Johnson (person) — Elected Director
• July 24, 2024 (date) — Effective date of changes

FAQ

Filing Documents

• okmin_8k.htm (8-K) — 26KB
• 0001079973-24-001094.txt ( ) — 193KB
• okmn-20240724.xsd (EX-101.SCH) — 3KB
• okmn-20240724_lab.xml (EX-101.LAB) — 33KB
• okmn-20240724_pre.xml (EX-101.PRE) — 22KB
• okmin_8k_htm.xml (XML) — 3KB

02 Departure of Directors or Certain Officers; Election of Directors;

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Retirement of Director Thomas Lapinski Thomas Lapinski has notified the Company of his intention to retire as a Director and Chairman of the Company, effective as of July 31, 2024. Mr. Lapinski is resigning for personal reasons. He has been involved in the oil and gas sector for almost 60 years and brought his wealth of experience to the Company. The Company is most thankful to Mr. Lapinski for his years of service and contribution to Okmin and wishes him the very best as he dedicates more time to his family. The Company has accepted his offer to remain as an advisor and consultant to the Company, details of which will be worked out in due course. Appointment of Shmuel Naparstek as a Director On July 24, 2024, the Board appointed Shmuel "Samuel" J. Naparstek to serve on the Board, effective as of July 31, 2024 to fill the vacancy that will result from Mr. Lapinski's retirement. Shmuel Naparstek has built a global network of investors, innovators and philanthropists, and has served as a Corporate Consultant to Okmin Resources, Inc since January 2021. Since 2002, Mr. Naparstek has been engaged in various consulting roles with private and public companies. Mr. Naparstek has been a board member of Perfectomundo Inc. since September 2018, and has been instrumental in building and growing a variety of their new tequila brands in the marketplace. Prior to 2002, Mr. Naparstek was a principal executive of a network of non-profit organizations focused on religious, educational and social service activities. He continues to be actively sought out as an advisor to organizations and charitable foundations on the West Coast. There is no arrangement or understanding between Mr. Naparstek and any other persons pursuant to which Mr. Naparstek was selected as a director. There are no transactions involving Mr. Naparstek

SIGNATURES

SIGNATURES 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. Okmin Resources Inc. Dated: July 24, 2024 By: /s/ Jonathan Herzog Jonathan Herzog Chief Executive Officer

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View this 8-K filing on SEC EDGAR