---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-005208"
form_type: "8-K"
ticker: "DYNR"
cik: "0001111741"
company_name: "DYNARESOURCE, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:45:27.900004+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DynaResource redeems CEO's Series A Preferred for $1.25M; adds independent director, ends board control

## Summary
- Company redeemed 1,000 Series A Preferred shares from CEO Diepholz for $1.25M; Series A carried right to elect board majority.
- Ronald Vail elected as fourth independent director; board now majority independent; Audit and Nominating committees created.
- New four-year employment agreements for CEO ($300K base, 100% bonus) and three other executives; severance equals remaining salary.
- Golden Post released claims against company and Diepholz; waived anti-dilution rights for certain equity awards.
- Diepholz transferred his Dyna Mexico share to a new subsidiary; his authority as attorney-in-fact subjected to board oversight.

## SEC filing metadata
- accession: 0001654954-23-005208
- form_type: 8-K
- ticker: DYNR
- cik: 0001111741
- company_name: DYNARESOURCE, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111741/000165495423005208/0001654954-23-005208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111741/000165495423005208/dynr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-005208
- JSON: https://secwatch.observer/filing/0001654954-23-005208.json
- Plain text: https://secwatch.observer/filing/0001654954-23-005208.txt

## Key facts
- Executive change
  Ronald Vail was elected as Director at DYNARESOURCE, INC..
  - Action: elected
  - Role: Director
  source text: On April 19, 2023, Ronald Vail, 75, was elected to fill the vacant seventh seat on the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111741/000165495423005208/0001654954-23-005208-index.htm
- M&A Transactions
  DYNARESOURCE, INC. underwent a change of control involving Koy W. Diepholz for $1,250,000.
  - Action: change of control
  - Counterparty: Koy W. Diepholz
  - Consideration: $1,250,000
  source text: the Company's redemption of the A Shares from Diepholz for a purchase price of $1,250,000 will result in Diepholz no longer having the right to control the election of a majority of the Company's Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111741/000165495423005208/0001654954-23-005208-index.htm

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