PED

#3675
Pedevco Corp. Common Stock
13.7 2 USD
-0.01%
Market Price
Sector: Energy
Base: USD
Profit Currency: USD
Daily Range
13.72
13.86
Year Range
0.56
18.89
Daily Change
-0.58%
Monthly Change
+11.45%
6 month change
+2225.03%
Year Change
+2100.13%
Previous Close
13.8 0
Open
13.8 2
Low
13.7 2
High
13.8 6
Volume
5
Open full chart

Financials

Overview Statement Statistics Documents

2026

Current report, Q3 FY2026
PEDEVCO CORP current report, Q3 FY2026
8-K
Current report, Q3 FY2026
PEDEVCO CORP current report, Q3 FY2026
8-K
Current report, Q3 FY2026
PEDEVCO CORP current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
PEDEVCO CORP quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
PEDEVCO CORP current report, Q2 FY2026
8-K
Current report, Q2 FY2026
PEDEVCO CORP current report, Q2 FY2026
8-K
Current report, Q2 FY2026
PEDEVCO CORP current report, Q2 FY2026
8-K
Current report, Q2 FY2026
PEDEVCO CORP current report, Q2 FY2026
8-K
Current report, Q2 FY2026
PEDEVCO CORP current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
PEDEVCO CORP quarterly report, Q1 FY2026
10-Q

PEDEVCO CORP current report, Q1 FY2024

Full document

PEDEVCO CORP. Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by PEDEVCO CORP. on January 26, 2024. The filing discloses corporate actions taken in connection with the Company's 2023 annual compensation review, specifically regarding equity awards and salary adjustments for executive officers and certain employees.

Key Financial Metrics

The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The financial data presented is limited to specific compensation figures:

  • Restricted Stock Issued: 2,105,000 shares total.
  • Stock Options Issued: 460,000 options with an exercise price of $0.6675 per share.
  • Salary Increases: Approved for three officers, effective February 1, 2024.
  • Cash Bonuses: Total of $265,000 approved for three officers.

Material Changes

The primary material change reported is the approval and issuance of equity and cash compensation under the 2021 Equity Incentive Plan. Specific changes include:

  • Equity Grants:
    • CEO Dr. Simon G. Kukes: 550,000 restricted shares.
    • President Mr. J. Douglas Schick: 525,000 restricted shares.
    • EVP/General Counsel Mr. Clark R. Moore: 450,000 restricted shares.
    • CFO Mr. Paul Pinkston: 250,000 restricted shares.
    • Other non-executive employees: 330,000 restricted shares and 460,000 stock options.
  • Compensation Adjustments:
    • Mr. Paul Pinkston: Base salary increased from $160,000 to $168,000 (5%); $35,000 cash bonus.
    • Mr. J. Douglas Schick: Base salary increased from $290,000 to $304,500 (5%); $120,000 cash bonus.
    • Mr. Clark R. Moore: Base salary increased from $280,000 to $294,000 (5%); $110,000 cash bonus.

Outlook, Risks, and Unusual Items

The filing does not contain forward-looking guidance, risk factors, or unusual items beyond the standard vesting conditions for the equity awards. All restricted stock and options are subject to "Three Year Vesting Terms" (1/3 vesting annually over three years) contingent upon the recipient's continued service to the Company.

Investor Verification Checklist

  • Verify the total number of shares outstanding post-issuance to assess dilution impact.
  • Review the full text of the Restricted Shares Grant Agreement (Exhibit 10.2) and Stock Option Grant Agreement (Exhibit 10.3) for specific forfeiture clauses or performance conditions not detailed in the summary.
  • Confirm the Company's cash position to ensure it can fund the $265,000 in approved cash bonuses.
  • Check subsequent filings for any changes to the vesting schedule or executive departures that would trigger forfeiture.

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