secwatch.observer — SEC 8-K summary
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Issuer:     CoJax Oil & Gas Corp (CJAX)
CIK:        0001763925
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001753926-24-000103
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoJax Oil and Gas appoints new CEO/Chairman Downs; former CEO Guzy becomes CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763925/000175392624000103/0001753926-24-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763925/000175392624000103/g083948_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-24-000103

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