Sky Quarry Inc. (NASDAQ: SKYQ) approves $100,000 supplemental award
Rhea-AI Filing Summary
Sky Quarry Inc. reported that its Board of Directors, following a recommendation from the Compensation Committee, approved a one-time, discretionary cash award of $100,000 to Marcus Laun on July 15, 2026. The payment recognizes his service as President, interim Chief Executive Officer and interim Chief Financial Officer and his leadership in guiding the company through its growth initiatives.
The Executive Supplemental Award will be paid as a lump-sum cash payment and is granted outside of, and in addition to, the company’s annual incentive compensation program. Laun currently signs in his capacity as interim Chief Executive Officer, interim Chief Financial Officer and President.
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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.
Key Figures
Executive Supplemental Award: $100,000
Common Stock Par Value: $0.0001
Corporate Telephone: (424) 394-1090
3 metrics
Executive Supplemental Award
$100,000
One-time discretionary cash payment approved July 15, 2026 for Marcus Laun
Common Stock Par Value
$0.0001
Par value per share of Sky Quarry Inc. common stock
Corporate Telephone
(424) 394-1090
Main phone number for Sky Quarry Inc.’s principal executive office
Key Terms
Emerging Growth Company, one-time, discretionary cash award, annual incentive compensation program, Compensation Committee
4 terms
Emerging Growth Company regulatory
"may be deemed an Emerging Growth Company under applicable rules"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
one-time, discretionary cash award financial
"approved a one-time, discretionary cash award in the amount"
annual incentive compensation program financial
"outside of, and in addition to, the Company’s annual incentive compensation program"
Compensation Committee financial
"upon the recommendation of the Compensation Committee of the Board"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive compensation change did Sky Quarry (SKYQ) disclose?
Sky Quarry’s board approved a one-time $100,000 Executive Supplemental Award for Marcus Laun. The cash payment recognizes his service as President, interim CEO and interim CFO and is separate from the company’s annual incentive compensation program.
How much is the Executive Supplemental Award granted to Marcus Laun at SKYQ?
Marcus Laun received approval for a $100,000 Executive Supplemental Award. It is a one-time, discretionary lump-sum cash payment, recognizing his leadership roles and work on growth initiatives, and is provided in addition to any annual incentive compensation he may receive.
Why did Sky Quarry (SKYQ) grant the $100,000 Executive Supplemental Award?
The award recognizes Marcus Laun’s service as President, interim CEO and interim CFO and his role in guiding Sky Quarry’s growth initiatives. The board characterized it as a discretionary supplemental cash award beyond the regular annual incentive program.
Is the Executive Supplemental Award part of Sky Quarry’s (SKYQ) annual bonus plan?
No. Sky Quarry states the $100,000 Executive Supplemental Award was approved outside of, and in addition to, the annual incentive compensation program. It is a special, one-time lump-sum cash payment rather than a recurring incentive award.
What positions does Marcus Laun hold at Sky Quarry (SKYQ)?
Marcus Laun serves simultaneously as President, interim Chief Executive Officer and interim Chief Financial Officer of Sky Quarry Inc. These combined leadership roles were cited by the board in granting the one-time $100,000 Executive Supplemental Award.
When did Sky Quarry’s board approve the $100,000 supplemental award?
Sky Quarry’s Board of Directors approved the Executive Supplemental Award on July 15, 2026. The board acted upon a recommendation from its Compensation Committee and designated the payment as a one-time, discretionary cash award.