---
schema_version: "secwatch.filing_event.v1"
accession: "0001763925-23-000002"
form_type: "8-K"
ticker: "CJAX"
cik: "0001763925"
company_name: "CoJax Oil & Gas Corp"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:58:20.989281+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CoJax Oil and Gas grants 25,000 restricted shares to CEO and CFO, enters new employment agreement

## Summary
- On Jan 25, 2023, CoJax granted 25,000 restricted shares of Series A Convertible Preferred Stock to CEO Jeffrey Guzy in lieu of past-due 2022 cash compensation.
- On the same date, CoJax granted 25,000 restricted shares of Preferred Stock to CFO Wm. Barrett Wellman in lieu of past-due 2022 cash compensation.
- On Feb 14, 2023, CoJax entered a 3-year employment agreement with CEO Guzy with a base salary of $120,000 per annum, convertible to common stock at $2.00 or market price.
- The restricted shares have piggyback registration rights expiring Jan 25, 2024, and a one-year transfer restriction.
- The shares issued to Guzy and Wellman are exempt from registration under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001763925-23-000002
- form_type: 8-K
- ticker: CJAX
- cik: 0001763925
- company_name: CoJax Oil & Gas Corp
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1763925/000176392523000002/0001763925-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1763925/000176392523000002/cojax_8k_03-03-2023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001763925-23-000002
- JSON: https://secwatch.observer/filing/0001763925-23-000002.json
- Plain text: https://secwatch.observer/filing/0001763925-23-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.