---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-031548"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2025-08-15T23:59:59+00:00"
generated_at: "2026-05-17T12:19:59.712545+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating amends exec comp: CEO base raised to $750k, bonus target cut to 125%

## Summary
- CEO Ed Kovalik base salary increased to $750k (from $550k), bonus target reduced to 125% (from 250%), retroactive to Jan 1, 2025.
- President Gary Hanna base salary raised to $675k (from $550k), bonus target also cut to 125% of base, retroactive to Jan 1, 2025.
- CFO Gregory Patton base salary set at $550k (increase); new severance equal to 3x base plus target bonus on change-of-control termination.
- Changes aimed to align cash compensation with competitive market per compensation consultant Zayla (Gallagher).

## SEC filing metadata
- accession: 0001140361-25-031548
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2025-08-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000114036125031548/0001140361-25-031548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000114036125031548/ef20053548_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-031548
- JSON: https://secwatch.observer/filing/0001140361-25-031548.json
- Plain text: https://secwatch.observer/filing/0001140361-25-031548.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.