PEDEVCO CEO Schick steps down; COO Dukes named interim CEO

PEDEVCO CORP

J. Douglas Schick ceases as President/CEO and director effective Sept 21, 2026.
COO R.T. Dukes appointed interim President/CEO; will serve until further notice.
Schick stays as Senior Advisor through Dec 31, 2026 under separation agreement.
Separation includes 2.5x salary+bonus, 30-month COBRA, accelerated vesting, $255K bonus.
Transition not due to disagreement; Dukes has 20+ years oil & gas experience.

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