PEDEVCO Corp. Elects New Directors, Discloses Officer Compensation
Ticker: PED · Form: 8-K · Filed: Jan 28, 2025 · CIK: 1141197
| Field | Detail |
|---|---|
| Company | Pedevco Corp (PED) |
| Form Type | 8-K |
| Filed Date | Jan 28, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $0.85, $50,000, $130,000, $120,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, officer-compensation, governance
TL;DR
PEDEVCO adds two directors, compensation details for execs are coming.
AI Summary
PEDEVCO Corp. announced on January 23, 2025, a change in its board of directors, with the election of two new directors, Mr. Jonathan M. F. Davies and Mr. David L. Stover. This filing also disclosed compensatory arrangements for certain officers, though specific details of these arrangements were not provided in this excerpt.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while details on officer compensation are crucial for understanding executive incentives and potential dilution for shareholders.
Risk Assessment
Risk Level: medium — Changes in board composition and undisclosed compensatory arrangements introduce uncertainty regarding future strategic direction and potential shareholder dilution.
Key Players & Entities
- PEDEVCO CORP (company) — Registrant
- Jonathan M. F. Davies (person) — Newly Elected Director
- David L. Stover (person) — Newly Elected Director
- Texas (location) — State of Incorporation
FAQ
Who are the newly elected directors of PEDEVCO Corp?
The newly elected directors are Mr. Jonathan M. F. Davies and Mr. David L. Stover.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is January 23, 2025.
What are the main items disclosed in this 8-K filing?
The filing discloses the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state was PEDEVCO Corp. incorporated?
PEDEVCO Corp. was incorporated in Texas.
What is the SIC code for PEDEVCO Corp?
The Standard Industrial Classification (SIC) code for PEDEVCO Corp. is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 1,313 words · 5 min read · ~4 pages · Grade level 10.3 · Accepted 2025-01-27 19:08:53
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share PED NYSE Americ
- $0.85 — common stock with an exercise price of $0.85 per share to certain other non-executiv
- $50,000 — ef Accounting Officer, in the amount of $50,000, (ii) Mr. J. Douglas Schick, the Presid
- $130,000 — fficer of the Company, in the amount of $130,000, (iii) Mr. Clark R. Moore, the Executiv
- $120,000 — retary of the Company, in the amount of $120,000, and (iv) Mr. Jody Crook, the Chief Com
- $100,000 — fficer of the Company, in the amount of $100,000. Item 9.01 Financial Statements and Ex
Filing Documents
- ped_8k.htm (8-K) — 37KB
- 0001654954-25-000826.txt ( ) — 159KB
- ped-20250123.xsd (EX-101.SCH) — 6KB
- ped-20250123_lab.xml (EX-101.LAB) — 14KB
- ped-20250123_cal.xml (EX-101.CAL) — 1KB
- ped-20250123_pre.xml (EX-101.PRE) — 9KB
- ped-20250123_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 First Amendment to PEDEVCO Corp. 2021 Equity Incentive Plan* (2) 10.3 PEDEVCO Corp. 2021 Equity Incentive Plan Form of Restricted Shares Grant Agreement * (3) 10.4 PEDEVCO Corp. 2021 Equity Incentive Plan Form of Stock Option Grant Agreement * (3) 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 August 30, 2024, as an exhibit to the Company's Current Report on Form 8-K and incorporated herein by reference (File No. 001-35922). (3) 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 27, 2025 By: /s/ J. Douglas Schick J. Douglas Schick President and Chief Executive Officer 4