Company: PED
Filing Date: 2025-07-11
Form Type: DEF 14A
Source: 0001654954-25-007979
Chunk: 71

Company: PEDEVCO CORP
Filing Date: 2025-07-11
Form: DEF 14A
Chunk 71
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 stockholders may not cumulate their votes in the election of directors.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS

VOTING “ FOR” EACH OF THE NOMINEES LISTED ABOVE.

PROPOSAL 2– RATIFICATION OF APPOINTMENT OF AUDITORS</div>

The Audit Committee, in accordance with its charter and authority delegated to it by the board of directors, has selected Weaver and Tidwell, L.L.P. (“Weaver”), as our independent auditors for the fiscal year ended December 31, 2025, and the board of directors has directed that such appointment be submitted to our stockholders for ratification at the 2025 Annual Meeting. Marcum LLP (“Marcum”) served as our independent registered public accounting for the years ended December 31, 2024 and 2023. If the stockholders do not ratify the appointment of Weaver, the Audit Committee may determine to reconsider the appointment. Even if the selection is ratified, the Audit Committee, in its discretion, may select a different independent registered public accounting firm at any time during the year if it determines that such a change would be in the best interests of the Company and its stockholders.

We do not anticipate a representative from Weaver to be present at the annual stockholders meeting. In the event that a representative of Weaver is present at the annual meeting, the representative will have the opportunity to make a statement if he/she desires to do so and we will allow such representative to be available to respond to appropriate questions.

Audit Fees

The following table presents fees for professional audit services performed by Marcum for the audit of our annual financial statements for the years ended December 31, 2024 and 2023 (in thousands).

|                        |     |   | 2024 |     |   | 2023 |
|:-----------------------|:----|:--|-----:|:----|:--|-----:|
| Audit Fees (1)         |     | $ |  200 |     | $ |  239 |
| Audit-Related Fees (2) |     |   |    - |     |   |    - |
| Tax Fees (3)           |     |   |   53 |     |   |   53 |
| All Other Fees (4)     |     |   |   67 |     |   |   48 |
| Total                  |     | $ |  320 |     | $ |