Sky Quarry Inc. (SKYQ) Grants $100K One-Time Executive Cash Award

What Happened Sky Quarry Inc. announced in a Form 8-K (filed July 21, 2026) that its Board of Directors approved a one-time, discretionary cash award of $100,000 to Marcus Laun. The Board approved the Executive Supplemental Award on July 15, 2026 in recognition of Laun’s service as the Company’s President and as interim Chief Executive Officer and interim Chief Financial Officer.

Key Details

• Board approval date: July 15, 2026; 8-K filed July 21, 2026.
• Award: $100,000 lump-sum cash payment (Executive Supplemental Award).
• Recipient: Marcus Laun (President; interim CEO and interim CFO).
• Award is discretionary and is outside of, and in addition to, the company’s annual incentive compensation program.

Why It Matters This disclosure affects executive compensation and corporate governance transparency. Investors should note the company made a one-time, discretionary cash payment to a top executive for leadership during growth initiatives; the filing does not report any change in officer or director status beyond recognition of his roles. The item is part of routine Form 8-K reporting on executive changes/compensation (Item 5.02).