---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-042622"
form_type: "8-K"
ticker: null
cik: "0001922639"
company_name: "Permex Petroleum Corp"
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:49:59.783097+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Permex settles with ex-CEO Ehsan; grants options to new CEO Taillon

## Summary
- Separation agreement includes $100K lump sum (contingent on $1M investment or by Oct 31), $7.5K/month for 6 months, vehicle transfer valued at $35,155.
- New CEO Brad Taillon granted 25,000 options at CAD $3.30 ($2.45 USD), fully vested, 10-year term.
- Options issued under new Long-Term Incentive Plan; shareholder approval required at AGM on Nov 4, 2024.
- Ex-CEO agreed to 12-month cooperation and 1-year non-compete within 5 miles of company leaseholds.

## SEC filing metadata
- accession: 0001493152-24-042622
- form_type: 8-K
- cik: 0001922639
- company_name: Permex Petroleum Corp
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922639/000149315224042622/0001493152-24-042622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922639/000149315224042622/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-042622
- JSON: https://secwatch.observer/filing/0001493152-24-042622.json
- Plain text: https://secwatch.observer/filing/0001493152-24-042622.txt

## Key facts
- Executive change
  Mehran Ehsan departed as Chief Executive Officer at Permex Petroleum Corp.
  - Role: Chief Executive Officer
  source text: On August 30, 2024, Permex Petroleum Corporation (the “Company”) entered into a Separation Agreement with Mehran Ehsan, the Company’s former Chief Executive Officer, from August 1, 2017 to April 29, 2024 and Vice President of Business Development, from April 29, 2024 to August 30, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922639/000149315224042622/0001493152-24-042622-index.htm

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