Vivakor Announces Material Agreement & Officer Changes
Ticker: VIVK · Form: 8-K · Filed: Jun 14, 2024 · CIK: 1450704
| Field | Detail |
|---|---|
| Company | Vivakor, INC. (VIVK) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $450,000, $200,000, $100,000, $1,167,750, $1.80 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes, financial-statements
TL;DR
Vivakor signed a big deal and changed some exec pay, filing today.
AI Summary
Vivakor, Inc. announced on June 8, 2024, a material definitive agreement and changes in its board and officer compensation. The company also filed financial statements and exhibits related to these events. Specific details regarding the agreement and compensation arrangements were not provided in this excerpt.
Why It Matters
This filing indicates significant corporate actions, including a new material agreement and changes in leadership compensation, which could impact the company's future operations and investor outlook.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and changes in officer compensation, which can introduce uncertainty and potential shifts in company strategy or financial performance.
Key Players & Entities
- Vivakor, Inc. (company) — Registrant
- June 8, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 001-41286 (identifier) — Commission File Number
- 26-2178141 (identifier) — IRS Employer Identification No.
- 5220 Spring Valley Rd. Suite 500 Dallas , TX 75254 (address) — Address of principal executive offices
- (949) 281-2606 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by Vivakor, Inc.?
The filing indicates a material definitive agreement was entered into, but the specific details of this agreement are not provided in the excerpt.
What specific changes were made regarding directors or officers?
The filing notes the departure of directors or certain officers, election of directors, and appointment of certain officers, along with compensatory arrangements, but details are not in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 8, 2024.
What is Vivakor, Inc.'s state of incorporation and IRS Employer Identification Number?
Vivakor, Inc. is incorporated in Nevada and its IRS Employer Identification Number is 26-2178141.
What is the principal executive office address and phone number for Vivakor, Inc.?
The principal executive office is located at 5220 Spring Valley Rd. Suite 500 Dallas, TX 75254, and the telephone number is (949) 281-2606.
Filing Stats: 1,660 words · 7 min read · ~6 pages · Grade level 10.6 · Accepted 2024-06-13 21:45:13
Key Financial Figures
- $450,000 — Agreement, Mr. Nelson will receive: (i) $450,000 annually (the "Base Salary"); (ii) an a
- $200,000 — IPA, Mr. Nelson will receive a bonus of $200,000, with $100,000 for each such bonus to b
- $100,000 — will receive a bonus of $200,000, with $100,000 for each such bonus to be paid in cash
- $1,167,750 — Agreement, the Company owed Mr. Nelson $1,167,750 in accrued salary and bonuses, plus int
- $1.80 — ons") at an exercise price per share of $1.80. The Options shall vest as follows: (i)
- $100 billion — d with clients with assets of more than $100 billion and annual revenues of more than $15 bi
- $15 b — illion and annual revenues of more than $15 billion, which are considered some of the
Filing Documents
- vivakor_8k.htm (8-K) — 65KB
- vivakor_ex10-1.htm (EX-10.1) — 101KB
- vivakor_ex10-2.htm (EX-10.2) — 38KB
- vivakor_ex10-3.htm (EX-10.3) — 26KB
- vivakor_ex10-4.htm (EX-10.4) — 69KB
- 0001829126-24-004204.txt ( ) — 526KB
- vivk-20240608.xsd (EX-101.SCH) — 3KB
- vivk-20240608_lab.xml (EX-101.LAB) — 33KB
- vivk-20240608_pre.xml (EX-101.PRE) — 22KB
- vivakor_8k_htm.xml (XML) — 4KB
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. VIVAKOR, INC. Dated: June 13, 2024 By: /s/ James Ballengee Name: James Ballengee Title: Chief Executive Officer 4