Company: PED
Filing Date: 2025-10-31
Form Type: 10-K/A
Source: 0001654954-25-012381
Chunk: 217

Company: PEDEVCO CORP
Filing Date: 2025-10-31
Form: 10-K/A
Chunk 217
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 interests.

Director Independence

The Board annually determines the independence of each director and nominee for election as a director. The Board makes these determinations in accordance with the NYSE American’s listing standards for the independence of directors and the SEC’s rules.

In assessing director independence, the Board considers, among other matters, the nature and extent of any business relationships, including transactions conducted, between the Company and each director and between the Company and any organization for which one of our directors is a director or executive officer or with which one of our directors is otherwise affiliated.

Our Board has determined that Mr. Scelfo and Mr. Evans are independent directors as defined in the NYSE American rules governing members of boards of directors and as defined under Rule 10A-3 of the Exchange Act. Accordingly, 50% of the members of our Board are independent as defined in the NYSE American rules governing members of boards of directors and as defined under Rule 10A-3 of the Exchange Act.

Furthermore, the Board has determined that each of the members of our Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee is independent within the meaning of NYSE American director independence standards applicable to members of such committees, as currently in effect.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Our independent public accounting firm is Marcum LLP, Houston, Texas, PCAOB Auditor ID 688.

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

|                        |     |   | 2024 |     |   | 2023 |
|:-----------------------|:----|:--|-----:|:----|:--|-----:|
| Audit Fees (1)         |     | $ |  236 |     | $ |  239 |
| Audit-Related Fees (2) |     |   |    - |     |   |    - |
| Tax Fees (3)           |     |   |   53 |     |   |   53 |
| All Other Fees (4)     |     |   |   72 |     |   |   48 |
| Total                  |     | $ |  361 |     | $ |  340 |

| (1) | Audit fees include professional services rendered for (1) the audit of our annual financial statements for