---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-040683"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2026-08-31T10:02:50+00:00"
generated_at: "2026-08-31T11:01:15.047924+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Waste Energy grants CEO's 221 Cap 15M shares, $240k/yr fee; seeks 4x authorized share increase

## Summary
- Agreement with 221 Cap (CEO Scott Gallagher's entity) effective 9/1/26: $240k annual fee, performance bonus up to $200k, 15M restricted shares vesting over 3 years.
- Board approves conversion of $37,500 owed to Gallagher into 7.5M shares and $30,000 owed to McBride into 6M shares at $0.005/share.
- Proposal to increase authorized common shares from 400M to 1.6B; stockholder written consent solicited.
- Correction: preliminary consent statement had McBride conversion at $27,500/5.5M shares; corrected to $30,000/6M shares.

## SEC filing metadata
- accession: 0001493152-26-040683
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2026-08-31T10:02:50+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315226040683/0001493152-26-040683-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315226040683/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-040683
- JSON: https://secwatch.observer/filing/0001493152-26-040683.json
- Plain text: https://secwatch.observer/filing/0001493152-26-040683.txt

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