Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 50

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 50
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 a material misstatement of our annual or interim financial statements.
In addition, other material weaknesses may be identified in the future. If we are unable to correct deficiencies in internal controls
in a timely manner, our ability to record, process, summarize and report financial information accurately and within the time periods
specified in the rules and forms of the SEC will be adversely affected. This failure could negatively affect the market price and trading
liquidity of our common stock, cause investors to lose confidence in our reported financial information, subject us to civil and criminal
investigations and penalties, and generally materially and adversely impact our business and financial condition.

Limitations on Effectiveness of Controls and
Procedures

In designing and evaluating the disclosure controls
and procedures and internal control over financial reporting, management recognizes that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure
controls and procedures and internal control over financial reporting must reflect the fact that there are resource constraints and that
management is required to apply judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Changes in Internal Controls over Financial
Reporting

There were no changes in our internal controls over
financial reporting that occurred during the fiscal year ended June 30, 2025 that have materially affected, or are reasonably likely to
materially affect, our internal controls over financial reporting.

ITEM 9B. OTHER INFORMATION.

During the year ended June 30, 2025, no director or
officer of the Company adopted or terminated a contract, instruction or written plan for the purchase or sale of securities of the Company
intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and/or a non-Rule 10b5-1 trading arrangement.

PART III

ITEM 10.
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 The following table sets forth the names and positions of
our current executive officers and directors.

    Name
     
    Age
     
    Position with the Company

    Jonathan Herzog   
     
    54
     
    President, Chief Executive Officer, Chief Financial Officer, Secretary 
  
    Samuel Naparstek 
     
    64
     
    Director 

Jonathan D. Herzog - Mr. Jonathan Herzog has
been a Director and the President and Chief Executive Officer of Okmin Resources, Inc. since its inception