--- schema_version: "secwatch.filing_event.v1" accession: "0001199835-22-000845" form_type: "8-K" ticker: null cik: "0001936756" company_name: "Next Bridge Hydrocarbons, Inc." filed_at: "2022-12-20T23:59:59+00:00" generated_at: "2026-06-21T02:04:47.613391+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Next Bridge Hydrocarbons completes spin-off from Meta; names new CEO and board ## Summary - Spin-off completed Dec 14, 2022: Meta distributed Next Bridge shares to MMTLP preferred holders of record Dec 12. - Next Bridge becomes independent public reporting co.; Meta retains no ownership. - Clifton DuBose Jr. named CEO and Chairman; Luke T. Hawkins CFO; Joseph DeWoody President; Delvina Oelkers COO. - Board expanded to five: DuBose, DeWoody, Pitts, Whitley, Cook; Rice and Palikaras resigned as directors. - Committees formed: Audit (Whitley chair), Compensation (Pitts chair), Governance (Cook chair), ESG (DeWoody chair). ## SEC filing metadata - accession: 0001199835-22-000845 - form_type: 8-K - cik: 0001936756 - company_name: Next Bridge Hydrocarbons, Inc. - filed_at: 2022-12-20T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 5.01, 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/form_8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001199835-22-000845 - JSON: https://secwatch.observer/filing/0001199835-22-000845.json - Plain text: https://secwatch.observer/filing/0001199835-22-000845.txt ## Key facts - Executive change George Palikaras resigned as director at Next Bridge Hydrocarbons, Inc.. - Action: resigned - Role: director source text: Ken Rice and George Palikaras, who had been serving as members of the Board, resigned to be directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Delvina Oelkers was appointed as Chief Operating Officer at Next Bridge Hydrocarbons, Inc.. - Action: appointed - Role: Chief Operating Officer source text: Delvina Oelkers was appointed to serve as Chief Operating Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Kristin Whitley was elected as director at Next Bridge Hydrocarbons, Inc.. - Action: elected - Role: director source text: Effective immediately following the Spin-Off, each of Clifton DuBose, Jr., Joseph DeWoody, Mia Pitts and Kristin Whitley were elected as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Joseph DeWoody was elected as director at Next Bridge Hydrocarbons, Inc.. - Action: elected - Role: director source text: Effective immediately following the Spin-Off, each of Clifton DuBose, Jr., Joseph DeWoody, Mia Pitts and Kristin Whitley were elected as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Luke T. Hawkins was appointed as Chief Financial Officer at Next Bridge Hydrocarbons, Inc.. - Action: appointed - Role: Chief Financial Officer source text: Luke T. Hawkins was appointed to serve as Chief Financial Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Clifton DuBose, Jr. was appointed as Chief Executive Officer and Chairman of the Board at Next Bridge Hydrocarbons, Inc.. - Action: appointed - Role: Chief Executive Officer and Chairman of the Board source text: Clifton DuBose, Jr. was appointed to serve as Chief Executive Officer and Chairman of the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Mia Pitts was elected as director at Next Bridge Hydrocarbons, Inc.. - Action: elected - Role: director source text: Effective immediately following the Spin-Off, each of Clifton DuBose, Jr., Joseph DeWoody, Mia Pitts and Kristin Whitley were elected as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Clifton DuBose, Jr. was elected as director at Next Bridge Hydrocarbons, Inc.. - Action: elected - Role: director source text: Effective immediately following the Spin-Off, each of Clifton DuBose, Jr., Joseph DeWoody, Mia Pitts and Kristin Whitley were elected as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Ken Rice resigned as director at Next Bridge Hydrocarbons, Inc.. - Action: resigned - Role: director source text: Ken Rice and George Palikaras, who had been serving as members of the Board, resigned to be directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - Executive change Joseph DeWoody was appointed as President at Next Bridge Hydrocarbons, Inc.. - Action: appointed - Role: President source text: Joseph DeWoody was appointed to serve as President evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm - M&A Transactions Next Bridge Hydrocarbons, Inc. underwent a change of control involving Meta Materials, Inc. for Distribution of 100% of the outstanding common stock of Next Bridge to holders of Meta's Series A Preferred Stock (closed 2022-12-14). - Action: change of control - Counterparty: Meta Materials, Inc. - Consideration: Distribution of 100% of the outstanding common stock of Next Bridge to holders of Meta's Series A Preferred Stock - Closing: 2022-12-14 source text: Next Bridge Hydrocarbons, Inc. (the “ Company ”) was a 100% owned subsidiary of Meta Materials, Inc. (“ Meta ”) prior to the distribution of 100% of the outstanding common stock, par value $.0001 per share, of the Company (the “ Spin-Off ”) completed by Meta on December 14, 2022 (the “ Distribution Date ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983522000845/0001199835-22-000845-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.