{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-026324","form_type":"8-K","ticker":"PROP","cik":"0001162896","company_name":"Prairie Operating Co.","filed_at":"2026-06-25T11:45:39+00:00","discovered_at":"2026-06-25T11:50:00.299146+00:00","generated_at":"2026-06-25T11:51:02.744876+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Prairie Operating appoints Gregory S. Patton as CEO and Michael Shelly as CFO","bullets":["Patton, previously EVP/CFO, becomes CEO; receives $625k base salary and 850,000-share equity award split between PSUs (price milestones) and RSUs (3-year vest).","Shelly, former Citigroup MD, becomes EVP/CFO; receives $525k base salary and 1,400,000-share equity award (560k PSUs on relative TSR, 840k RSUs vesting over 3 years).","Both executives have annual bonus target of 100% of base salary and LTIP target of 300% of base salary.","Compensation Committee amended 2025 PSU awards to set Initial Value at $2.75 per share for TSR performance period ending Dec 31, 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-026324","json":"https://secwatch.observer/filing/0001140361-26-026324.json","markdown":"https://secwatch.observer/filing/0001140361-26-026324.md","text":"https://secwatch.observer/filing/0001140361-26-026324.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1162896/000114036126026324/0001140361-26-026324-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1162896/000114036126026324/ef20076789_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T11:51:02.744876+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":[{"claim_id":"0a26784459","claim":"Gregory S. Patton was appointed as Chief Executive Officer at Prairie Operating Co..","evidence_excerpt":"appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1162896/000114036126026324/0001140361-26-026324-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"96867b6292","claim":"Gregory S. Patton was appointed as Director at Prairie Operating Co..","evidence_excerpt":"appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1162896/000114036126026324/0001140361-26-026324-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}