---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015501"
form_type: "8-K"
ticker: "PETV"
cik: "0001512922"
company_name: "PetVivo Holdings, Inc."
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:49:59.273157+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PetVivo launches cost reduction program; CEO and CBDO/GC salaries cut

## Summary
- CEO John Lai salary reduced from $350,000 to $150,000 per year, effective May 1, 2024.
- Chief Business Dev. Officer John Dolan salary reduced from $230,000 to $120,000 annually.
- Program led by new CFO Garry Lowenthal; additional labor and operating cuts expected.
- Goal is to preserve cash, reduce operating loss and monthly cash burn.

## SEC filing metadata
- accession: 0001493152-24-015501
- form_type: 8-K
- ticker: PETV
- cik: 0001512922
- company_name: PetVivo Holdings, Inc.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512922/000149315224015501/0001493152-24-015501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512922/000149315224015501/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015501
- JSON: https://secwatch.observer/filing/0001493152-24-015501.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015501.txt

## Key facts
- Executive change
  Garry Lowenthal was appointed as Chief Financial Officer at PetVivo Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: led by Garry Lowenthal, the Company’s new Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512922/000149315224015501/0001493152-24-015501-index.htm

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