Company: PED
Filing Date: 2025-10-29
Form Type: 10-K/A
Source: 0001654954-25-012328
Chunk: 183

Company: PEDEVCO CORP
Filing Date: 2025-10-29
Form: 10-K/A
Chunk 183
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 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, over 50% of the members of our Board of Directors 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.

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.

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.

Committees of our Board of Directors

On September 5, 2013, and effective September 10, 2013, the Board of Directors adopted charters for the Nominating and Corporate Governance Committee, Compensation Committee and Audit Committee. We currently maintain a Nominating and Corporate Governance Committee, Compensation Committee and Audit Committee.

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The committees of the Board of Directors consist of the following members as of the date of this filing:

| Director               |     | Audit Committee |     | Compensation Committee |     | Nominating and Corporate Governance Committee |     | Independent |
| Dr. Simon G. Kukes (1) |     |                 |     |                        |     |                                               |     |             |
| J. Douglas Schick      |     |                 |     |                        |     |                                               |     |             |
| John J. Scelfo         |     | C               |     | C                      |     | M                                             |     | X           |
| H. Douglas Evans       |     | M               |     | M                      |     | C                                             |     | X           |

C - Chairman of Committee.

M – Member.

(1) – Executive Chairman of the Board of Directors.

Each of these committees has the duties described below and operates under a charter that has been approved by our Board of Directors. The Charters of our Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee are each incorporated by reference as Exhibits 99.4, 99.3 and