CEO Matthew Nicosia resigns amid SEC civil complaint against him for securities violations

Vivakor, Inc.

CEO and Chairman Matthew Nicosia resigned effective October 6, 2022, not due to any disagreement with Company.
SEC filed a civil complaint in Eastern District of New York against Nicosia and three others for alleged securities law violations.
Company is not named as defendant; allegations do not relate to Company's business, operations, or securities.
Nicosia disputes the SEC claims and will defend against them; search for new CEO is underway.
Company expects to name a new CEO in due course; Nicosia may remain in a separate non-officer capacity.

item 5.02 item 8.01

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Departed

Matthew Nicosia

Chief Executive Officer and Chairman of the Board

VIVK · Vivakor, Inc.

Effective: 2022-10-06
Filed: October 6, 2022, 7:59 PM ET

On September 30, 2022, the Board of Directors of Vivakor, Inc. (the “Company”) received notice from Matthew Nicosia, the Company’s Chief Executive Officer and Chairman of the Board of Directors of his resignation from such positions effective as of October 6, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Nicosia resigned as Chief Executive Officer and Chairman of the Board at Vivakor, Inc..

Action: resigned
Role: Chief Executive Officer and Chairman of the Board

Exact text from the filing

On September 30, 2022, the Board of Directors of Vivakor, Inc. (the “Company”) received notice from Matthew Nicosia, the Company’s Chief Executive Officer and Chairman of the Board of Directors of his resignation from such positions effective as of October 6, 2022.

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Vivakor, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-006784

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