---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-006683"
form_type: "8-K"
ticker: "VIVK"
cik: "0001450704"
company_name: "Vivakor, Inc."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:10:35.493713+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vivakor closes $120M acquisition of Endeavor Entities; appoints new COO

## Summary
- Acquired all membership interests in four crude-hauling entities for $120M in common and Series A preferred stock.
- CEO James Ballengee beneficially owns sellers; issued 19.99% of pre-closing common plus preferred with 6% cumulative dividend.
- Russ Shelton appointed EVP & COO; base salary $337K, annual incentive up to $808K, $150K signing stock grant (18-mo lockup).
- Combined fleet >500 tractors/trailers hauling ~60K bbl crude and ~30K bbl produced water daily; also owns Oklahoma shuttle pipeline.

## SEC filing metadata
- accession: 0001829126-24-006683
- form_type: 8-K
- ticker: VIVK
- cik: 0001450704
- company_name: Vivakor, Inc.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1450704/000182912624006683/0001829126-24-006683-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1450704/000182912624006683/vivakorinc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-006683
- JSON: https://secwatch.observer/filing/0001829126-24-006683.json
- Plain text: https://secwatch.observer/filing/0001829126-24-006683.txt

## Key facts
- Executive change
  Russ Shelton was appointed as Executive Vice President & Chief Operating Officer at Vivakor, Inc..
  - Action: appointed
  - Role: Executive Vice President & Chief Operating Officer
  source text: Russ Shelton, 48, Executive Vice President & Chief Operating Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912624006683/0001829126-24-006683-index.htm

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