secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001140361-25-031548
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000114036125031548/0001140361-25-031548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000114036125031548/ef20053548_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-031548

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer