PEDEVCO (NYSE: PED) grants 2025 executive bonuses, raises pay

Rhea-AI Filing Summary

PEDEVCO Corp. reported routine executive compensation updates tied to its 2025 annual review. On January 27, 2026, the Board approved cash bonuses of $170,000 for CEO J. Douglas Schick, $135,000 for COO R.T. Dukes, $131,000 for EVP and General Counsel Clark R. Moore, $126,000 for CFO Robert “Bobby” J. Long, $125,000 for Chief Commercial Officer Jody Crook, and $43,000 for Chief Accounting Officer Paul Pinkston.

Effective February 1, 2026, Mr. Pinkston’s annual salary increased from $168,000 to $175,000. The Board noted that equity incentive awards for 2025, if any, have not yet been determined.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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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): January 27, 2026

PEDEVCO CORP.

(Exact name of registrant as specified in its charter)

Texas		001-35922		22-3755993
(State or other jurisdiction of incorporation or organization)		(Commission file number)		(IRS Employer Identification No.)

575 N. Dairy Ashford, Suite 210 Houston, Texas		77079
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (713) 221-1768

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 (see General Instruction A.2. below):

☐     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:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	PED	NYSE American

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.

(e) Annual Cash Bonuses

On January 27, 2026, PEDEVCO Corp. (the “Company”, “we” and “us”) awarded, after recommendation by the Compensation Committee of the Company’s Board of Directors and approval by the Board of Directors, and in connection with the Company’s year 2025 annual compensation review, cash bonuses for (i) Mr. J. Douglas Schick, the President and Chief Executive Officer of the Company, in the amount of $170,000, (ii) Mr. Clark R. Moore, the Executive Vice President, General Counsel and Secretary of the Company, in the amount of $131,000, (iii) Mr. Jody Crook, the Chief Commercial Officer of the Company, in the amount of $125,000, (iv) Mr. Reagan Tuck (R.T.) Dukes, the Chief Operating Officer of the Company, in the amount of $135,000, (v) Mr. Robert “Bobby” J. Long, the Chief Financial Officer of the Company, in the amount of $126,000, and (vi) Mr. Paul Pinkston, the Company’s Chief Accounting Officer, in the amount of $43,000.

Salary Increase

Effective February 1, 2026, the Company increased the annual salary of Mr. Pinkston from $168,000 to $175,000, after recommendation by the Compensation Committee of the Company’s Board of Directors and approval by the Board of Directors, and in connection with the Company’s 2025 year annual compensation review.

The Board has not yet determined equity incentive awards, if any, to be granted to Company employees in connection with the Company’s year 2025 annual compensation review.

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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.

	PEDEVCO CORP.
	By:	/s/ J. Douglas Schick
		J. Douglas Schick
		President and Chief Executive Officer

Date: January 30, 2026

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FAQ

What executive bonuses did PEDEVCO (PED) approve for 2025?

PEDEVCO approved 2025 cash bonuses for six senior executives, including $170,000 for CEO J. Douglas Schick and $135,000 for COO R.T. Dukes. The awards followed Compensation Committee recommendations and Board approval as part of the company’s 2025 annual compensation review.

How much bonus did the PEDEVCO (PED) CEO receive?

PEDEVCO’s CEO, J. Douglas Schick, received a $170,000 cash bonus in connection with the company’s 2025 annual compensation review. This bonus was recommended by the Compensation Committee and approved by the Board of Directors as part of its executive pay decisions.

Which PEDEVCO (PED) executives besides the CEO received bonuses?

PEDEVCO granted bonuses to Clark R. Moore ($131,000), Jody Crook ($125,000), R.T. Dukes ($135,000), Robert “Bobby” J. Long ($126,000), and Paul Pinkston ($43,000). These cash awards were part of the company’s 2025 year annual compensation review approved by the Board.

Did PEDEVCO (PED) change any executive base salaries in this filing?

Yes. Effective February 1, 2026, PEDEVCO increased Chief Accounting Officer Paul Pinkston’s annual salary from $168,000 to $175,000. The raise came after recommendation by the Compensation Committee and approval by the Board as part of the 2025 compensation review.

Has PEDEVCO (PED) set 2025 equity incentive awards for employees?

No. The Board stated it has not yet determined equity incentive awards, if any, to be granted to company employees in connection with the 2025 annual compensation review. Only cash bonuses and one salary increase were specified in this disclosure.

What board process did PEDEVCO (PED) follow to approve bonuses?

PEDEVCO’s Compensation Committee first recommended the 2025 cash bonuses, and the full Board of Directors then approved them. This process applied to the CEO, other named executives, and the Chief Accounting Officer’s salary increase effective February 1, 2026.