---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-007512"
form_type: "8-K"
ticker: "VIVK"
cik: "0001450704"
company_name: "Vivakor, Inc."
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:04:53.751463+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vivakor stockholders approve 7.04M shares for debt conversion and CEO stock compensation

## Summary
- Approved issuance of 7,042,254 shares to Sellers for forgiveness of $10M principal on Notes at $1.42/share.
- Approved 923,672 CEO Compensation Shares to CEO James Ballengee as part of his $1M annual compensation.
- All six proposals passed with over 91% approval, including authorized share increase to 200 million.
- Shares issued on November 10, 2023 as unregistered securities exempt under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001829126-23-007512
- form_type: 8-K
- ticker: VIVK
- cik: 0001450704
- company_name: Vivakor, Inc.
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/0001829126-23-007512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/vivakor_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-007512
- JSON: https://secwatch.observer/filing/0001829126-23-007512.json
- Plain text: https://secwatch.observer/filing/0001829126-23-007512.txt

## Key facts
- Shareholder Votes
  Vivakor, Inc. shareholders approved Approval of CEO Compensation Shares Issuance at the 2023-11-10 meeting.
  - Outcome: passed
  - Meeting: 2023-11-10
  source text: Proposal 2 Approval of CEO Compensation Shares Issuance: Votes For Votes Against Votes Abstained Percentage Voted For 9,526,139 762,770 11,767 92.48%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/0001829126-23-007512-index.htm
- Shareholder Votes
  Vivakor, Inc. shareholders approved Approval of Amendment to Articles of Incorporation to amend its federal forum selection provision at the 2023-11-10 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-11-10
  source text: Proposal 4 Approval of Amendment to Articles of Incorporation to amend its federal forum selection provision: Votes For Votes Against Votes Abstained Percentage Voted For 9,926,174 362,284 12,218 96.47%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/0001829126-23-007512-index.htm
- Shareholder Votes
  Vivakor, Inc. shareholders approved Approval of Vivakor, Inc. 2023 Equity and Incentive Plan at the 2023-11-10 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-11-10
  source text: Proposal 3 Approval of Vivakor, Inc. 2023 Equity and Incentive Plan: Votes For Votes Against Votes Abstained Percentage Voted For 9,495,236 804,471 967 92.18%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/0001829126-23-007512-index.htm
- Shareholder Votes
  Vivakor, Inc. shareholders approved Approval of Acquisition Stock Issuance, pursuant to the Membership Interest Purchase Agreement at the 2023-11-10 meeting.
  - Proposal: merger approval
  - Outcome: passed
  - Meeting: 2023-11-10
  source text: Proposal 1 Approval of Acquisition Stock Issuance, pursuant to the Membership Interest Purchase Agreement: Votes For Votes Against Votes Abstained Percentage Voted For 9.872,421 427,484 771 95.84%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/0001829126-23-007512-index.htm
- Shareholder Votes
  Vivakor, Inc. shareholders approved Approval of Amendment to Articles of Incorporation to increase the Company's authorized number of shares of Common Stock to 200 million at the 2023-11-10 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-11-10
  source text: Proposal 5 Approval of Amendment to Articles of Incorporation to increase the Company's authorized number of shares of Common Stock to 200 million: Votes For Votes Against Votes Abstained Percentage Voted For 9,450,108 844,481 6,067 91.79%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/0001829126-23-007512-index.htm
- Shareholder Votes
  Vivakor, Inc. shareholders approved Adjournment of the stockholder meeting at the 2023-11-10 meeting.
  - Outcome: passed
  - Meeting: 2023-11-10
  source text: Proposal 6 Adjournment of the stockholder meeting: Votes For Votes Against Votes Abstained Percentage Voted For 9,851,309 442,657 6,710 95.69%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623007512/0001829126-23-007512-index.htm

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