Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 55

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 55
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,750 per month in cash compensation, together with a further $6,750 monthly to be accrued and deferred until management
determines that the Company is in a position to make such payments. The Company and Mr. Herzog have not entered into a formal written
employment agreement in relation to Mr. Herzog’s compensation and employment terms as President, Chief Executive Officer and Chief
Financial Officer. As of the fiscal years ended June 30, 2025 and June 30, 2024, the Company has
accrued $438,750 and $276,750 in outstanding compensation, respectively.

The following summary compensation table sets forth
all compensation awarded to, earned by, or paid to the named executive officers paid by the Company during the fiscal years ended June
30, 2025, 2024 and 2023, in all capacities for the accounts of our executive officers, including the Chief Executive Officer.

    Name and principal position 
    Year  
    Salary Paid in Cash  
    Salary Accrued  
    Other Compensation  
    Total Compensation 

    Jonathan Herzog, 
    2025  
    $—    
    $162,000  
    $—    
    $162,000 
  
    President, CEO and CFO 
    2024  
     20,250  
     141,750  
     —    
     162,000 

    2023  
     81,000  
     81,000  
     —    
     162,000 

    Samuel Naparstek, 
    2025  
    $—    
    $—    
    $100,000  
    $100,000 
  
    Director * 
    2024  
     —    
     —    
     —    
     —   

    2023  
     —    
     —    
     —    
     —   

    Thomas Lapinski, 
    2025  
    $—    
    $—    
    $—    
    $—   
  
    Former Chairman ** 
    2024  
     —    
     —    
     —    
     —   

    2023  
     —    
     —    
     —    
     —