leadership
confidence high
sentiment neutral
materiality 0.40
Trio Petroleum transitions CFO Greg Overholtzer to independent contractor with $12,500 monthly fee
Trio Petroleum Corp
- Prior employment agreement with CFO Greg Overholtzer terminated Dec 31, 2024.
- New Independent Contractor Agreement effective Jan 1, 2025; Overholtzer continues as CFO.
- Monthly fee of $12,500; initial term through Dec 31, 2025, with automatic annual renewals.
- Either party may terminate on 60 days' notice; company must pay fee for 60-day period if it terminates early.
- Agreement includes non-solicitation (2 years post-term) and confidentiality provisions.