secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001654954-24-000989
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO grants 2.105M restricted shares and 460K options to executives; salaries increased 5%
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- CEO Kukes receives 550,000 restricted shares; President Schick 525,000; EVP Moore 450,000; CAO Pinkston 250,000; all vest over 3 years.
- Options to purchase 460,000 shares at $0.6675 exercise price granted to non-executive employees, vest over 3 years.
- Base salaries for Pinkston ($160K to $168K), Schick ($290K to $304.5K), Moore ($280K to $294K) increased 5% effective Feb 1, 2024.
- Cash bonuses: Pinkston $35K, Schick $120K, Moore $110K approved for 2023 annual compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424000989/0001654954-24-000989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424000989/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-000989

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer