secwatch.observer — SEC 8-K summary
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Issuer:     Permex Petroleum Corp (—)
CIK:        0001922639
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001493152-24-042622
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922639/000149315224042622/0001493152-24-042622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922639/000149315224042622/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-042622

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