PEDEVCO CORP 8-K

What Happened
PEDEVCO Corp filed an 8-K (Item 5.02) on January 30, 2026 disclosing that, following its 2025 annual compensation review and recommendations from the Compensation Committee, the Board approved cash bonuses on January 27, 2026 for six senior executives totaling $730,000. The company also approved a salary increase for its Chief Accounting Officer effective February 1, 2026.

Key Details

• Cash bonuses awarded (amounts): J. Douglas Schick (CEO) $170,000; Clark R. Moore (EVP, General Counsel & Secretary) $131,000; Jody Crook (Chief Commercial Officer) $125,000; Reagan Tuck (R.T.) Dukes (COO) $135,000; Robert “Bobby” J. Long (CFO) $126,000; Paul Pinkston (Chief Accounting Officer) $43,000 — total $730,000.
• Salary change: Paul Pinkston’s annual salary increased from $168,000 to $175,000, effective February 1, 2026.
• Approval: Bonuses and the salary increase were recommended by the Compensation Committee and approved by the Board.
• Equity awards: The Board has not yet determined any equity incentive awards, if any, related to the 2025 compensation review.

Why It Matters
These actions increase the company’s cash compensation obligations and will be recorded as compensation expense. Investors should note the timing (bonuses approved Jan 27, 2026; salary increase effective Feb 1, 2026) and watch future filings for any announced equity awards or disclosure of the financial impact of these compensation decisions.