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Sky Quarry (OTC: SKYQ) hires new CFO with cash-and-equity bonus plan

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sky Quarry Inc. (SKYQ) reported that its Board of Directors appointed Heidi C. Bowman, age 60, as Chief Financial Officer effective August 18, 2026. She is a strategic finance executive with over 20 years of experience, including roles at Hillair Capital, Barlock Capital private equity funds, and portfolio companies such as American Natural Energy Corporation and Creek Road Miners Inc.

Under an Employment Offer Letter effective August 18, 2026, Ms. Bowman will serve as CFO reporting to the CEO and receive a base salary of $18,500 per month. She will be eligible for quarterly bonuses in cash, equity, or both at the Compensation Committee’s discretion, with equity awards under the 2026 Omnibus Stock Plan or any successor plan. Her employment is at-will with either party able to terminate on at least thirty days’ written notice. The company states there are no family relationships or related-party transactions requiring disclosure.

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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.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Base salary $18,500 per month Base salary for Heidi C. Bowman as Chief Financial Officer under the Offer Letter
Notice period thirty days Minimum prior written notice required by either party to terminate the Offer Letter
Age of CFO 60 Age of Heidi C. Bowman at the time of appointment as Chief Financial Officer
at-will regulatory
"Ms. Bowman’s employment is at-will, and either party may terminate"
quarterly bonuses financial
"will be eligible for quarterly bonuses, which may be paid in cash"
Omnibus Stock Plan financial
"subject to the availability and terms of the Company’s 2026 Omnibus Stock Plan"
Compensation Committee regulatory
"at the sole discretion of the Compensation Committee of the Board of Directors"
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.

FAQ

What executive change did Sky Quarry Inc. (SKYQ) announce on August 18, 2026?

Sky Quarry Inc. announced that its Board appointed Heidi C. Bowman as Chief Financial Officer, effective August 18, 2026. She will report to the Chief Executive Officer and brings over 20 years of strategic finance experience across private equity, real estate, logistics, and oil and gas.

What is the compensation for the new CFO of SKYQ, Heidi C. Bowman?

Heidi C. Bowman will receive a base salary of $18,500 per month, payable under Sky Quarry’s standard payroll practices. She is also eligible for quarterly bonuses, which may be paid in cash, equity, or a combination, at the sole discretion of the Compensation Committee.

Is the CFO employment arrangement at Sky Quarry Inc. (SKYQ) at-will?

Yes. The Employment Offer Letter for Heidi C. Bowman specifies that her employment is at-will. Either Ms. Bowman or Sky Quarry Inc. may terminate the agreement at any time upon not less than thirty days’ prior written notice.

Does Heidi C. Bowman have any family relationships with SKYQ directors or officers?

No. Sky Quarry Inc. states there are no family relationships between Heidi C. Bowman and any of its directors or executive officers, and there are no transactions with her that require disclosure under Item 404(a) of Regulation S-K.

What bonus opportunities are included in the CFO’s offer at Sky Quarry Inc. (SKYQ)?

Under the Offer Letter, Heidi C. Bowman is eligible for quarterly bonuses, which may be paid in cash, equity, or both, at the sole discretion of the Compensation Committee. Any equity-based awards are subject to the availability and terms of the 2026 Omnibus Stock Plan or a successor plan.

What exhibit relates to the new CFO’s employment terms at SKYQ?

Sky Quarry Inc. filed the Employment Offer Letter for Heidi C. Bowman as Exhibit 10.1. The company notes that the summary of the Offer Letter is qualified in its entirety by reference to the full text of this exhibit.

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0001812447 false 0001812447 2026-08-18 2026-08-18

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): August 18, 2026

 

SKY QUARRY INC.

(Exact name of registrant as specified in its charter)

 

Delaware

001-42296

84-1803091

(State or other jurisdiction of
incorporation or organization)

(Commission File Number)

(IRS Employer
Identification No.)

 

707 W. 700 South, Suite 105

Woods Cross, UT 84087

(Address of principal executive office) (Zip Code)

 

(424) 394-1090

(Registrant’s telephone number, including area code)

 

 

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:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001

SKYQ

Nasdaq Capital Market

 

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.

 

On August 18, 2026, the Board of Directors of Sky Quarry Inc. (the “Company”) appointed Heidi C. Bowman as Chief Financial Officer of the Company, effective immediately.

 

Heidi Bowman, 60, is a strategic finance executive with over 20 years of experience guiding leadership teams across various industries with an emphasis on structuring financial operations, evaluating transactions for tax efficiency, and defining processes to ensure financial performance. Ms. Bowman has expertise in private equity, real estate, logistics, and oil and gas. Most recently, Ms. Bowman served as Chief Financial Officer of the Hillair Capital, from May 2010 to December 2025, and Barlock Capital private equity funds and as Chief Financial Officer of various portfolio companies, including American Natural Energy Corporation and Creek Road Miners Inc. (formerly Wizard Brands Inc. (WIZD)). Ms. Bowman holds a Bachelor of Arts degree in Economics from the University of California at Los Angeles and is a Certified Public Accountant (inactive) in the State of California.

 

In connection with Ms. Bowman’s appointment, the Company entered into an Employment Offer Letter with Ms. Bowman, effective August 18, 2026 (the “Offer Letter”). Pursuant to the Offer Letter, Ms. Bowman will serve as Chief Financial Officer reporting to the Chief Executive Officer. Under the Offer Letter, Ms. Bowman will receive a base salary of $18,500 per month, payable in accordance with the Company’s standard payroll practices, and will be eligible for quarterly bonuses, which may be paid in cash, equity, or a combination thereof, at the sole discretion of the Compensation Committee of the Board of Directors, with any equity-based awards subject to the availability and terms of the Company’s 2026 Omnibus Stock Plan (or any successor plan). Ms. Bowman is also entitled to participate in all employee benefit programs made available by the Company to its employees generally, on the same terms and conditions as other similarly situated employees. Ms. Bowman’s employment is at-will, and either party may terminate the Offer Letter at any time upon not less than thirty days’ prior written notice.

 

The foregoing description of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Offer Letter, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

There are no family relationships between Ms. Bowman and any director or executive officer of the Company, and there are no transactions between Ms. Bowman and the Company that would require disclosure under Item 404(a) of Regulation S-K.

 

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

Description

10.1

 

Employment Offer Letter, effective as of August 18, 2026, by and between Sky Quarry Inc. and Heidi Bowman

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURES

 

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

 

 

Sky Quarry Inc.

 

 

 

 

 

 

Dated: August 21, 2026

By:

/s/ Marcus Laun

 

Name:

Marcus Laun

 

Title:

Interim Chief Executive Officer and President


Filing Exhibits & Attachments

5 documents