# EDGAR Filing Document

**Accession Number:** 0001898766
**File Stem:** 0001493152-26-027494
**Filing Date:** 2026-6
**Character Count:** 16215
**Document Hash:** 9a933d4632c646e269fabb089fca20a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-027494.hdr.sgml**: 20260605

**ACCESSION NUMBER**: 0001493152-26-027494

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260601

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260605

**DATE AS OF CHANGE**: 20260605

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Trio Petroleum Corp
- **CENTRAL INDEX KEY:** 0001898766
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 871968201
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41643
- **FILM NUMBER:** 261069288

**BUSINESS ADDRESS:**
- **STREET 1:** 5401 BUSINESS PARK, SUITE 115
- **CITY:** BAKERSFIELD
- **STATE:** CA
- **ZIP:** 93309
- **BUSINESS PHONE:** (44)7581-192-515

**MAIL ADDRESS:**
- **STREET 1:** 5401 BUSINESS PARK, SUITE 115
- **CITY:** BAKERSFIELD
- **STATE:** CA
- **ZIP:** 93309

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Trio Petroleum Corp.
- **DATE OF NAME CHANGE:** 20211213

?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 1, 2026**

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| |
|:---|
| **Trio Petroleum Corp**  |
| **(Exact name of registrant as specified in its charter)** |

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| | | |
|:---|:---|:---|
| **Delaware** | **001-41643** | **87-1968201** |
| **(State or other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

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**23823 Malibu Road, Suite 304**

**Malibu, CA 90265**

**<u>(661) 324-3911</u>**

(Address and telephone number, including area code, of registrant's principal executive offices)

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, par value $0.0001 per share | TPET | NYSE American |

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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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

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

*Compensation Payable to Robin Ross, the Company's Chief Executive Officer*

On June 2, 2026, the Compensation Committee of Trio Petroleum Corp (the "Company"), in recognition of Robin Ross's significant contributions to the Company, since he was appointed the Chief Executive Officer of the Company, authorized and approved a further increase in his base salary from a rate of $400,000 per year to $600,000 per year, effective as of June 1, 2026. Additionally, the Compensation Committee also authorized and approved a one-time award of 1,500,000 shares of common stock of the Company, par value $0.0001 per share ("Common Stock") to Mr. Ross, pursuant to the Company's 2022 Equity Incentive Plan (the "2022 Plan"). In addition, the annual discretionary cash bonus to which Mr. Ross is entitled was increased from a maximum of 100% to 200% of his annual base salary actually received in the applicable year. The terms of the increase in Mr. Ross's compensation and the one-time issuance of shares of Common Stock are set forth in Amendment No. 2 to Mr. Ross's Executive Employment Agreement, dated as of June 1, 2026 ("Amendment No. 2"), which Executive Employment Agreement was effective as of July 11, 2024, and previously amended by Amendment No. 1 to Employment Agreement, dated as of August 1, 2025 (collectively, the "Ross Employment Agreement"). A copy of Amendment No. 2 is attached as Exhibit 10.1 to this Current Report on Form 8-K.

The foregoing description of Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to Amendment No. 2, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The Company intends to enter into an Award Agreement with Mr. Ross, promptly after the filing of this Current Report on Form 8-K, with respect to the award of 1,500,000 shares of Common Stock to Mr. Ross, pursuant to the 2022 Plan.

Additionally, the Compensation Committee, pursuant to the provisions of Section 4 of the Ross Employment Agreement, also authorized and approved a cash bonus payable to Mr. Ross, in the amount of $300,000, to be paid to Mr. Ross on August 1, 2026, or at such other time as directed by Mr. Ross.

*Compensation Payable to Gregory Overholtzer, the Company's Chief Financial Officer*

On June 2, 2026, the Compensation Committee authorized and approved a one-time award of 200,000 shares of Common Stock to Gregory Overholtzer, the Company's Chief Financial Officer, pursuant to the 2022 Plan. The terms of the one-time issuance of the 200,000 shares of Common Stock to Mr. Overholtzer, pursuant to the 2022 Plan, will be set forth in an Award Agreement which the Company intends to enter into with Mr. Overholtzer, promptly after the filing of this Current Report on Form 8-K.

**Item 9.01. Financial Statements and Exhibits**

(d) *Exhibits.*

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| | |
|:---|:---|
| **Exhibit Number** | **Exhibit** |
| 10.1 | [Amendment No. 2 to Employment Agreement, dated as of June 1, 2026](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

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

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| | | |
|:---|:---|:---|
|  | **Trio Petroleum Corp.** | **Trio Petroleum Corp.** |
| Date: June 5, 2026 | By: | */s/ Robin Ross* |
|  | Name: | Robin Ross |
|  | Title: | Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT**

This Amendment No. 2 (the "**Amendment No. 2**") to the Employment Agreement is made and entered into as of June 1, 2026 (the "**Effective Date**"), by and between Robin Ross ("**Executive**") and Trio Petroleum Corp (the "**Company**") (each individually, a "**Party**," collectively, the "**Parties**").

WHEREAS, the Parties entered into that certain Employment Agreement, dated as of July 11, 2024 (the "**Employment Agreement**");

WHEREAS, the Parties previously amended the Employment Agreement by entering into Amendment No. 1 to the Employment Agreement, dated August 1, 2025;

WHEREAS, the Parties hereby desire to further amend the Employment Agreement, as amended, as set forth herein to provide for certain changes and other matters relating to Executive's compensation;

WHEREAS, all capitalized terms used in this Amendment No. 2 that are not defined in this Amendment No. 2 shall have the same meaning as in the Employment Agreement, as previously amended, and all section references are to sections to the Employment Agreement; and

WHEREAS, Executive desires to continue his employment with the Company on the terms and conditions in the Employment Agreement as further amended by this Amendment No. 2.

NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth herein, and good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties agree that the Employment Agreement is hereby amended as follows:

**A.** **Amendment To Employment Agreement.** 

Section 4(a) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

"(a) **<u>Base Salary</u>**. Effective as of June 1, 2026, and during the Term, the Company shall pay Executive a base salary ("***Base Salary***") at a rate of $600,000 USD (Six Hundred Thousand U.S. Dollars) on an annual basis. The Company will pay the Base Salary to Executive in accordance with the Company's payroll practices for its employees and consistent with the Executive's status as a resident of Canada. During the Term, the Company may increase, but not decrease the Base Salary.

Section 4(b) of the Employment Agreement is hereby amended by replacing the first sentence with the following language at the beginning of such section:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Bonus.** "Executive will be eligible for an annual discretionary bonus of up to 200% of Executive's Base Salary actually received in any such year (the "Annual Bonus"), which will be based on a calendar year basis, unless otherwise determined by the Company (the "Bonus Period").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Grant of Stock Award**. A new Section 4(d) is added to the Employment Agreement which shall read as follows"

"In consideration for the services provided by Executive, since being appointed as the Chief Executive Officer of the Company, the Executive is hereby awarded 1,500,000 shares of fully vested common stock under the Company's 2022 Equity Incentive Plan, which shall be issued as of June 2, 2026, or as soon as reasonably practible thereafter, pursuant to the terms and conditions of the Company's form of Restricted Stock Award Agreement."

**B.** **No Other Amendments.** Except as specifically set forth in this Amendment No. 2, there are
 no other amendments to the Employment Agreement, as amended, and the Employment Agreement
 shall remain unmodified and in full force and effect. Except as specifically amended hereby,
 all other provisions, terms, and conditions of the Employment Agreement shall remain in full
 force and effect. In the event of any conflict between the provisions of the Employment Agreement
 and this Amendment No. 2, the provisions of this Amendment No. 2 shall govern.

**C.** **Entire Agreement.** This Amendment No. 2 and the Employment Agreement contain the entire agreement
 between the Parties with respect to the subject matter hereof and supersede all prior negotiations,
 understandings, and agreements between the Parties with respect to the subject matter hereof.

**D.** **Governing Law.** This Amendment No. 2 shall be governed and construed in accordance with the laws
 of the State of Delaware, without regard to the conflict of laws principles thereof, *provided, however,* that the arbitration proceedings, and proceedings to stay or compel arbitration,
 or to confirm or vacate any arbitration award, shall be governed solely by the Federal Arbitration
 Act, 9 U.S.C. § 1-402. Except for claims requesting injunctive relief, any dispute or
 claim arising out of, in connection with, or relating to this Employment Agreement (including
 without limitation its subject matter, interpretation, or formation) or to Employee's
 employment or relationship with the Company shall be resolved by binding arbitration to be
 held in San Jose, California, before one (1) arbitrator selected by the American Arbitration
 Association, conducted in accordance with the then-prevailing Employment Arbitration Rules
 and Mediation Procedures of the American Arbitration Association. A copy of these rules can
 be accessed through the American Arbitration Association's website (www.adr.org). The
 prevailing Party shall be entitled to the payment of its reasonable attorney's fees
 and costs. The arbitrators' decision will be final and binding in accordance with the
 Federal Arbitration Act and may be enforced in any court of competent jurisdiction. The arbitrators
 will not have the right to modify or change any of the terms of this Employment Agreement.
 The arbitrator, and not any court, shall have exclusive authority to resolve any dispute
 relating to the interpretation, applicability, enforceability or formation of this Employment
 Agreement including any claim that all or any part of this Employment Agreement is void or
 voidable. The Parties agree that the arbitrator may provide all appropriate remedies at law
 and equity and will have the power to summarily adjudicate claims and/or enter summary judgment
 in appropriate cases. In any arbitration proceeding conducted pursuant to this paragraph,
 the Parties shall have the right to discovery, to call witnesses, and to cross-examine the
 other Party's witnesses. The arbitrator shall render a final decision in writing, setting
 forth the reasons for the arbitration award. Both Parties are bound by this agreement to
 arbitrate, but it does not include disputes, controversies or differences which may not by
 law be arbitrated. The Parties agree that the arbitration proceedings described in this Section
 are to be treated as confidential, and that the Parties will act to protect the confidentiality
 of the documents, facts, and proceedings related to the arbitration. The Parties waive their
 right to have any such dispute, claim or controversy decided by a judge or jury in a court.
 The Parties also agree that each may bring claims against the other only in their individual
 capacities, and not as a plaintiff or class member in any purported class or collective proceeding.
 The Parties also agree that each may not bring claims against the other in any purported
 representative action, except to the extent this statement is unenforceable under the law.

**E.** **Severability.** If any portion or provision of this Amendment No. 2 shall to any extent be declared illegal
 or unenforceable by a court of competent jurisdiction, then the remainder of this Amendment
 No. 2, or the application of such portion or provision in circumstances other than those
 as to which it is so declared illegal or unenforceable, shall not be affected thereby, and
 each portion and provision of this Amendment No. 2 shall be valid and enforceable to the
 fullest extent permitted by law.

**F.** **Counterparts.** This Amendment No. 2 may be executed in any number of counterparts, each of which, when so
 executed and delivered, will be deemed an original, and all of which together shall constitute
 one and the same agreement. Counterparts may be delivered via facsimile, electronic mail
 (including .pdf or any electronic signature complying with the U.S. federal ESIGN Act of
 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered
 shall be deemed to have been duly and validly delivered and be valid and effective for all
 purposes.

***[Signature Page Follows]***

IN WITNESS WHEREOF, the Parties hereto have executed this Amendment No. 2 to the Employment Agreement as of the date first set forth above.

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| | |
|:---|:---|
| **TRIO PETROLEUM CORP** | **TRIO PETROLEUM CORP** |
| By: | */s/ Gregory Overholtzer* |
|  | Gregory Overholtzer |
|  | Chief Financial Officer |

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| |
|:---|
| **EXECUTIVE:** |
| */s/ Robin Ross* |
| Robin Ross |

---