secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001829126-25-009074
Event type: litigation
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor settles lawsuit with ex-CFO for $2M; former GC resigns with $200K package
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- Settlement with former CFO Tyler Nelson for $2M: $250k paid on signing, $100k in 30 days, $100k in 60 days, $1.55M in 90 days.
- Transition agreement with former EVP/GC Patrick Knapp: $50k cash effective date, $50k cash by Dec 31, 2025, $100k in unrestricted stock.
- Kimberly Hawley (CFO) appointed Secretary after Knapp's resignation effective Nov 10, 2025.
- Lender J.J. Astor & Co. converted $150k of convertible note into 2,043,597 shares on Nov 7 and another $150k into 1,827,040 shares on Nov 10.
- Lawsuit dismissed with court retaining jurisdiction until final payment is made under the settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625009074/0001829126-25-009074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625009074/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-009074

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