{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-007456","form_type":"8-K","ticker":"PROP","cik":"0001162896","company_name":"Prairie Operating Co.","filed_at":"2026-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.629253+00:00","generated_at":"2026-05-15T22:00:05.179023+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Prairie CEO Kovalik resigns, President Hanna retires; Frommer named Interim CEO, Thoresen Chairman","bullets":["Edward Kovalik resigns as CEO and Chairman, Gary Hanna retires as President and director, effective March 2, 2026.","Richard N. Frommer appointed Interim President and CEO; Erik Thoresen appointed Chairman of the Board.","Kovalik receives $2.53M severance (1.5x base+bonus), $750K 2025 bonus, and accelerated RSU vesting; performance RSUs forfeited.","Hanna receives $675K 2025 bonus, accelerated time-based RSUs, and retains performance RSUs through performance period.","Both assign overriding royalty interests in Genesis/Exok assets and agree to vote shares with Board recommendation for 3 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-007456","json":"https://secwatch.observer/filing/0001140361-26-007456.json","markdown":"https://secwatch.observer/filing/0001140361-26-007456.md","text":"https://secwatch.observer/filing/0001140361-26-007456.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1162896/000114036126007456/0001140361-26-007456-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1162896/000114036126007456/ef20066985_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:00:05.179023+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}