8-K
filed January 16, 2024, 6:59 PM ET
ticker CJAX
CIK 0001763925
leadership
confidence high
sentiment neutral
materiality 0.70
CoJax Oil and Gas appoints new CEO/Chairman Downs; former CEO Guzy becomes CFO
CoJax Oil & Gas Corp
- Wm. Barrett Wellman resigned as CFO and Secretary; Jeffrey Guzy succeeded as CFO, Secretary, Treasurer.
- Jeffrey Guzy resigned as CEO, President, Chairman; William R. Downs appointed CEO, President, Chairman and director.
- Downs receives $150k/year base salary and 100,000 shares of common stock upon signing employment agreement.
- Guzy's new employment agreement provides $100k/year base salary, convertible to shares at $2.00 or market price.
- Board increased from two to three members; Downs fills new directorship.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Wm. Barrett Wellman resigned as Chief Financial Officer at CoJax Oil & Gas Corp.
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
Effective as of January 10, 2024, Wm. Barrett Wellman resigned from his positions as Chief Financial Officer and Secretary of CoJax Oil and Gas Corporation, a Virginia corporation (the “Company”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William R. Downs was appointed as Chief Executive Officer at CoJax Oil & Gas Corp.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
effective immediately upon Mr. Guzy’s resignation from positions as Chief Executive Officer, Chairman of the Board and President, the Board appointed William R. Downs as Chief Executive Officer, President, and Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey J. Guzy resigned as Chief Executive Officer at CoJax Oil & Gas Corp.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
On January 10, 2024, Mr. Guzy resigned from Chief Executive Officer, President and Chairman of the Board positions.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William R. Downs was appointed as Director at CoJax Oil & Gas Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board increased its size from two directors to three directors pursuant to the Bylaws of the Company and appointed William R. Downs to fill this new directorship, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey J. Guzy was appointed as Chief Financial Officer at CoJax Oil & Gas Corp.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Effective immediately upon Mr. Wellman’s resignation, the board of directors of the Company (the “Board”) appointed Jeffrey J. Guzy as the Company’s Chief Financial Officer, Secretary and Treasurer.
View on SEC.gov
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