PEDEVCO CORP. Reports Executive/Director Changes, Comp Arrangements

TL;DR

**PEDEVCO filed an 8-K about leadership and pay changes, watch for details.**

AI Summary

PEDEVCO CORP. filed an 8-K on January 29, 2024, reporting an event that occurred on January 26, 2024. This filing indicates changes related to the departure or election of directors, appointment of officers, and/or compensatory arrangements for certain officers. While the specific details of these changes are not provided in the summary text, investors should know that changes in leadership or executive compensation can signal shifts in company strategy or financial health, which could impact the stock's future performance.

Why It Matters

Changes in a company's leadership or executive compensation structure can significantly influence its strategic direction and operational efficiency, directly affecting shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership or compensation, which can introduce uncertainty or signal strategic shifts, thus posing a medium risk.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the reported changes in leadership or compensation, as these will clarify the potential impact on the company's future direction and financial performance.

Key Players & Entities

• PEDEVCO CORP. (company) — the registrant filing the 8-K
• January 26, 2024 (date) — date of the earliest event reported
• January 29, 2024 (date) — date the 8-K was filed
• 001-35922 (other) — Commission file number
• Texas (other) — State of incorporation for PEDEVCO CORP.

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share PED NYSE Americ
• $0.6675 — common stock with an exercise price of $0.6675 per share to certain other non-executiv
• $160,000 — ompany's Chief Accounting Officer, from $160,000 to $168,000, (ii) Mr. J. Douglas Schick
• $168,000 — ef Accounting Officer, from $160,000 to $168,000, (ii) Mr. J. Douglas Schick, the Presid
• $290,000 — ick, the President of the Company, from $290,000 to $304,500, and (iii) Mr. Clark R. Moo
• $304,500 — sident of the Company, from $290,000 to $304,500, and (iii) Mr. Clark R. Moore, the Exec
• $280,000 — nsel and Secretary of the Company, from $280,000 to $294,000, all effective February 1,
• $294,000 — retary of the Company, from $280,000 to $294,000, all effective February 1, 2024 (none o
• $35,000 — ef Accounting Officer, in the amount of $35,000, (ii) Mr. J. Douglas Schick, the Presid
• $120,000 — sident of the Company, in the amount of $120,000, and (iii) Mr. Clark R. Moore, the Exec
• $110,000 — cretary of the Company in the amount of $110,000. 2 Item 9.01 Financial Statements and

Filing Documents

• ped_8k.htm (8-K) — 35KB
• 0001654954-24-000989.txt ( ) — 157KB
• ped-20240126.xsd (EX-101.SCH) — 6KB
• ped-20240126_lab.xml (EX-101.LAB) — 14KB
• ped-20240126_cal.xml (EX-101.CAL) — 1KB
• ped-20240126_pre.xml (EX-101.PRE) — 9KB
• ped-20240126_def.xml (EX-101.DEF) — 2KB
• ped_8k_htm.xml (XML) — 4KB

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 PEDEVCO Corp. 2021 Equity Incentive Plan * (1) 10.2 PEDEVCO Corp. 2021 Equity Incentive Plan Form of Restricted Shares Grant Agreement * (2) 10.3 PEDEVCO Corp. 2021 Equity Incentive Plan Form of Stock Option Grant Agreement * (2) 104 Inline XBRL for the cover page of this Current Report on Form 8-K *Indicates management contract or compensatory plan or arrangement. (1) Filed on September 1, 2021, as an exhibit to the Company's Current Report on Form 8-K and incorporated herein by reference (File No. 001-35922). (2) Filed on September 1, 2021, as an exhibit to the Company's Registration on Form S-8 and incorporated herein by reference (File No. 333-259248). 3

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. PEDEVCO CORP. Date: January 29, 2024 By: /s/ Dr. Simon G. Kukes Dr. Simon G. Kukes Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR