---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-008003"
form_type: "8-K"
ticker: "VIVK"
cik: "0001450704"
company_name: "Vivakor, Inc."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:06:32.142511+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Vivakor director resignation triggers Nasdaq independence non-compliance; cure period to June 2024

## Summary
- David Natan resigned from Board and all committee positions effective December 6, 2023.
- Board now lacks a majority of independent directors; Audit Committee has only two independent members.
- Nasdaq granted cure period until June 3, 2024 to regain compliance with Listing Rules 5605(b)(1) and 5605(c)(2)(A).
- No immediate effect on listing of common stock on Nasdaq Capital Market.
- Resignation was not due to any dispute with the Company or Board.

## SEC filing metadata
- accession: 0001829126-23-008003
- form_type: 8-K
- ticker: VIVK
- cik: 0001450704
- company_name: Vivakor, Inc.
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1450704/000182912623008003/0001829126-23-008003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1450704/000182912623008003/vivakor_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-008003
- JSON: https://secwatch.observer/filing/0001829126-23-008003.json
- Plain text: https://secwatch.observer/filing/0001829126-23-008003.txt

## Key facts
- Listing & Compliance Notices
  Vivakor, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(b)(1), 5605(c)(2)(A), 5605(a)(2), 5605(b)(1)(A), 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605(b)(1), 5605(c)(2)(A), 5605(a)(2), 5605(b)(1)(A), 5605(c)(4)
  source text: December 12, 2023, the Company received notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, based upon the resignation of David Natan from the Board, the Company is not currently in compliance with the board of directors independence requirements set forth in Nasdaq Listing Rule 5605(b)(1) and the requirement in Nasdaq Listing Rule 5605(c)(2)(A) to have an audit committee comprised of at least three independent directors. The Company informed Nasdaq of Mr. Natan’s resignation on December 7, 2023. As a result o
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623008003/0001829126-23-008003-index.htm
- Executive change
  David Natan resigned as Director at Vivakor, Inc..
  - Action: resigned
  - Role: Director
  source text: The information regarding David Natan’s resignation contained in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623008003/0001829126-23-008003-index.htm

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