Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 2294

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 10
Chunk 2294
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     -  
     104,136 
  
    Chief
    Financial Officer (3) 
    2023  
     85,000  
     -  
     -  
     -  
     -  
     85,000 

    Stanford Eschner 
    2024  
     120,417  
     -  
     228,167  
     -  
     -  
     348,584 
  
    Vice Chairman (4) 
    2023  
     56,667  
     -  
     94,333  
     -  
     -  
     151,000 

    Steven Rowlee 
    2024  
     127,500  
     -  
     228,167  
     -  
     -  
     355,667 
  
    Chief Operating Officer (5) 
    2023  
     56,667  
     -  
     94,333  
     -  
     -  
     151,000 

    Terence Eschner 
    2024  
     120,417  
     -  
     228,167  
     -  
     -  
     348,584 
  
    President (6) 
    2023  
     56,667  
     -  
     94,333  
     -  
     -  
     151,000 

    (1)
    Effective as of June 20, 2024, we appointed Mr. Ross as the Chairman of the Board of Directors; in connection with this appointment, we awarded Mr. Ross 50,000 shares of restricted stock, with 25% of the shares vesting six months after issuance and the remainder equally over the next twelve months on a quarterly basis. Effective as of July 11, 2024, we entered into an employment agreement with Mr. Ross, who became our Chief Executive Officer (“CEO”), for a term ending on December 31, 2026, which shall auto-renew for additional one-year terms. Per his employment agreement, we have agreed to pay Mr. Ross a salary at a rate of $300,000 per year. He is