---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-23-000297"
form_type: "8-K"
ticker: "LRDC"
cik: "0001442492"
company_name: "Laredo Oil, Inc."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:32:46.087851+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Laredo Oil increases authorized shares to 120M, transfers vehicles to CEO for $97,760 in compensation

## Summary
- Authorized common shares increased from 90M to 120M via Certificate of Amendment effective May 23, 2023.
- Transferred 2018 Ford Explorer and John Deere Hoe Loader 420F2 to CEO Mark See; combined value $97,760.
- Vehicle transfer settles $97,760 of unpaid compensation owed to CEO.
- Amendment approved by board and majority stockholders per Delaware law.

## SEC filing metadata
- accession: 0001199835-23-000297
- form_type: 8-K
- ticker: LRDC
- cik: 0001442492
- company_name: Laredo Oil, Inc.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442492/000119983523000297/0001199835-23-000297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442492/000119983523000297/form_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-23-000297
- JSON: https://secwatch.observer/filing/0001199835-23-000297.json
- Plain text: https://secwatch.observer/filing/0001199835-23-000297.txt

## Key facts
- Governance Changes
  Laredo Oil, Inc.: Increased authorized shares of common stock from 90,000,000 to 120,000,000 (effective 2023-05-23).
  - Change: charter amendment
  - Effective: 2023-05-23
  source text: Effective May 23, 2023, the Company amended the first paragraph of Article Fourth of its Certificate of Incorporation. The amendment to Article Fourth increased the total number of authorized shares of the Company’s Common Stock, $0.0001 par value, from 90,000,000 shares to 120,000,000 shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442492/000119983523000297/0001199835-23-000297-index.htm
- M&A Transactions
  Laredo Oil, Inc. completed a disposition involving Mark See for $97,760 of Mr. See's unpaid compensation (closed 2023-05-23).
  - Action: disposition
  - Counterparty: Mark See
  - Consideration: $97,760 of Mr. See's unpaid compensation
  - Closing: 2023-05-23
  source text: Effective May 23, 2023, Laredo Oil, Inc. (the “Company”) transferred to Mark See, the Company’s Chief Executive Officer, two vehicles, a 2018 Ford Explorer and a John Deere Hoe Loader Model 420F2, which the Company determined had a combined current market value of $97,760. The transfer of the vehicles to Mr. See was in consideration of $97,760 of Mr. See’s unpaid compensation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442492/000119983523000297/0001199835-23-000297-index.htm

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