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 27, 2026. The report details executive compensation adjustments following the Company's 2025 annual compensation review, approved by the Board of Directors and recommended by the Compensation Committee.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on executive compensation.
Material Changes
The primary material change reported is the award of annual cash bonuses to six executive officers and a salary increase for the Chief Accounting Officer.
- CEO (J. Douglas Schick): $170,000 bonus.
- Executive VP, General Counsel & Secretary (Clark R. Moore): $131,000 bonus.
- Chief Commercial Officer (Jody Crook): $125,000 bonus.
- Chief Operating Officer (Reagan T. Dukes): $135,000 bonus.
- Chief Financial Officer (Robert "Bobby" J. Long): $126,000 bonus.
- Chief Accounting Officer (Paul Pinkston): $43,000 bonus and a salary increase from $168,000 to $175,000 effective February 1, 2026.
Guidance, Outlook, and Risks
The Board has not yet determined equity incentive awards for employees related to the 2025 annual compensation review. The filing contains no specific guidance, outlook, risk factors, or contingencies beyond the compensation details.
Key Facts for Investor Verification
- Total cash bonuses awarded to named executives sum to $730,000.
- Paul Pinkston's annual salary increased by $7,000 effective February 1, 2026.
- Equity incentive awards for the 2025 review remain undetermined at the time of filing.
- The filing does not disclose the Company's financial performance for 2025.