Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 2290

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 2290
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 correspondence is not addressed to any particular board member or members, the communication will be forwarded to a board member to bring to the attention of the Board of Directors.

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires our executive officers and directors and persons who own more than 10% of a registered class of our equity securities to file with the SEC initial statements of beneficial ownership, reports of changes in ownership and annual reports concerning their ownership in our common stock and other equity securities, on Form 3, 4 and 5 respectively. Executive officers, directors and greater than 10% stockholders are required by the SEC regulations to furnish our company with copies of all Section 16(a) reports they file.

Based solely on our review of the copies of such reports received by us and on written representation by our officers and directors regarding their compliance with the applicable reporting requirements under Section 16(a) of the Exchange Act, we believe that all filings required to be made under Section 16(a) during 2023 were timely made.

ITEM 11. EXECUTIVE COMPENSATION

Compensation of Executive Officers

The following table sets forth the compensation for services paid in all capacities for the two fiscal years ended December 31, 2024 and 2023 to (a) Dr. Simon G. Kukes, our former Chief Executive Officer and Director, (b) J. Douglas Schick, our President and Chief Executive Officer, (c) Clark R. Moore, our Executive Vice President, General Counsel and Secretary, and (d) Paul A Pinkston, our Chief Accounting Officer (collectively, the “Named Executive Officers”). There were no other executive officers who received compensation in excess of $100,000 in either 2024 or 2023.

Name and Principal Position Fiscal Year Salary ($)   Bonus ($)**   Stock Awards ($)   Option Awards ($)   All Other Compensation ($)  Total ($)  Dr, Simon G. Kukes 2024  -   -   367,125(1)  -   -   367,125 Executive Chairman and Former Chief Executive Officer* 2023  -   -   436,000(2)  -   -   436,000                  -         J. Douglas Schick 2024  303,297   120,000   350,