# EDGAR Filing Document

**Accession Number:** 0001162896
**File Stem:** 0001641172-25-014022
**Filing Date:** 2025-6
**Character Count:** 9908
**Document Hash:** b4e8eaab4bad47489fb9fae72622224f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-014022.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0001641172-25-014022

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250604

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Prairie Operating Co.
- **CENTRAL INDEX KEY:** 0001162896
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 980357690
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41895
- **FILM NUMBER:** 251030551

**BUSINESS ADDRESS:**
- **STREET 1:** 55 WAUGH DRIVE
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77007
- **BUSINESS PHONE:** (713) 424-4247

**MAIL ADDRESS:**
- **STREET 1:** 55 WAUGH DRIVE
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Creek Road Miners, Inc.
- **DATE OF NAME CHANGE:** 20210715

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIZARD BRANDS, INC.
- **DATE OF NAME CHANGE:** 20200814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIZARD ENTERTAINMENT, INC.
- **DATE OF NAME CHANGE:** 20181009

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (date of earliest event reported): June 4, 2025

**Prairie Operating Co.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-41895** | **98-0357690** |
| (State or other jurisdiction <br> of incorporation) | (Commission <br> File Number) | (I.R.S. Employer <br> Identification No.) |

---

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| | |
|:---|:---|
| **55 Waugh Drive, Suite 400**<br> **Houston, Texas** | **77007** |
| (Address of principal executive offices) | (Zip code) |

---

**(713) 424-4247**

Registrant's telephone number, including area code:

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | PROP | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 5.02.** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

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On June 4, 2025, the stockholders of Prairie Operating Co. (the "Company") approved an amendment (the "Amendment") to the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the "LTIP"). As further described below under Item 5.07 of this Current Report on Form 8-K (this "Current Report"), the Company's stockholders approved the Amendment at the Company's Annual Meeting of Stockholders that was held on June 4, 2025 (the "Annual Meeting"). The Amendment increases the number of shares of the Company's common stock that the Company may issue under the LTIP from 7,500,000 shares to 15,000,000 shares. A copy of the Amendment is attached hereto as Exhibit 10.1 and incorporated herein by reference.

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| | |
|:---|:---|
| **Item 5.07** | **Submission of Matters to a Vote of Security Holders.** |

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At the Annual Meeting, only stockholders of record at the close of business on April 8, 2025, the record date for the Annual Meeting (the "Record Date"), were entitled to vote. As of the Record Date, 42,942,127 shares of the Company's common stock, par value $0.01 per share ("Common Stock"), were outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 35,686,743 shares of the Company's Common Stock were voted in person or by proxy for the three proposals set forth below, each of which is described in the Company's definitive proxy statement for the Annual Meeting, which was filed with the U.S. Securities and Exchange Commission on April 22, 2025.

***Proposal No. 1 - Election of Directors***

The Company's stockholders elected the director nominees below to the Board of Directors of the Company to hold office until the 2026 Annual Meeting of Stockholders or until their successors are elected, by the vote indicated below:

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| | | | |
|:---|:---|:---|:---|
| **Director Nominees** | **Votes For** | **Votes Against** | **Broker Non-Votes** |
| Edward Kovalik | 31001682 | 154347 | 4445399 |
| Gary C. Hanna | 31014903 | 151038 | 4445399 |
| Gizman I. Abbas | 30385645 | 763242 | 4445399 |
| Richard N. Frommer | 30966222 | 189377 | 4445399 |
| Jonathan H. Gray | 30483593 | 674103 | 4445399 |
| Stephen Lee | 30426826 | 730466 | 4445399 |
| Erik Thoresen | 30481335 | 675269 | 4445399 |

---

***Proposal No. 2 - Approval of an Amendment to the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan***

The Company's stockholders approved the Amendment, by the vote indicated below:

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| | | | |
|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** | **Broker Non-Votes** |
| 17659688 | 13545776 | 35880 | 4445399 |

---

***Proposal No. 3 - Ratification of the Appointment of Independent Registered Accounting Firm***

The Company's stockholders ratified the appointment of Ham, Langston & Brezina, L.L.P. as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2025, by the vote indicated below:

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| | | |
|:---|:---|:---|
| **Votes For** | **Votes Against** | **Abstentions** |
| 35512443 | 72544 | 101756 |

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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***Exhibits***.

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| | |
|:---|:---|
| **EXHIBIT<br> NUMBER** | **DESCRIPTION** |
| 10.1 | [Amendment No. 1 to the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan.](ex10-1.htm) |
| 104 | The cover page from this Current Report on Form 8-K formatted in Inline XBRL. |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 6, 2025

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| | |
|:---|:---|
| **PRAIRIE OPERATING CO.** | **PRAIRIE OPERATING CO.** |
| By: | */s/ Daniel T. Sweeney* |
| Name: | Daniel T. Sweeney |
| Title: | Executive Vice President, General Counsel & Corporate Secretary |

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## Exhibit 10.1

**Exhibit 10.1**

**AMENDMENT NO. 1 TO THE**

**2024 amended & restated PRAIRIE OPERATING CO.**

**LONG-TERM INCENTIVE PLAN**

THIS AMENDMENT NO. 1 TO THE 2024 AMENDED & RESTATED PRAIRIE OPERATING CO. LONG-TERM INCENTIVE PLAN (this "Amendment") is made effective (the "Effective Date") upon the approval of the stockholders of Prairie Operating Co. (the "Company") of this Amendment. All capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Plan (as defined below).

**RECITALS**

WHEREAS, the Company maintains the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the "Plan");

WHEREAS, pursuant to the Plan, the Board of Directors of the Company (the "Board") has the authority to amend the Plan from time to time; and

WHEREAS, the Board approved this Amendment pursuant to a resolution of the Board.

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as follows, effective as of the Effective Date:

**AMENDMENT**

&nbsp;&nbsp;&nbsp;&nbsp;1. The
 first sentence of Section 4(a) of the Plan is hereby deleted and replaced in its entirety with the following:

"Subject to adjustment in a manner consistent with <u>Section 8</u>, 15,000,000 shares of Stock are reserved and available for delivery with respect to Awards, and such total shall be available for the issuance of shares upon the exercise of ISOs."

&nbsp;&nbsp;&nbsp;&nbsp;2. This
 Amendment shall be and is hereby incorporated into and forms a part of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;3. Except
 as expressly provided herein, all terms and conditions of the Plan shall remain in full force and effect.

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| | |
|:---|:---|
| **PRAIRIE OPERATING CO.** | **PRAIRIE OPERATING CO.** |
| By: | */s/ Edward Kovalik* |
| Name: | Edward Kovalik |
| Title: | Chief Executive Officer and Chairman of the Board |

---