Verde Resources (VRDR) extends CEO and COO employment terms to 2032

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Verde Resources, Inc. reported that on May 4, 2026 it amended its employment arrangements with its two top executives. The company extended Chief Executive Officer Jack Wong’s employment offer letter, originally dated September 30, 2022, so that it now runs through September 30, 2032.

The company also extended Chief Operating Officer Eric J. Bava’s employment agreement, originally dated October 1, 2024, to the same September 30, 2032 end date. The amendments are filed as Exhibits 10.1 and 10.2 to this report.

8-K Event Classification

2 items: 5.02, 9.01

2 items

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, and exhibit attachments filed with this report.

Key Figures

CEO offer letter date: September 30, 2022 COO employment agreement date: October 1, 2024 Amendment date: May 4, 2026 +1 more

4 metrics

CEO offer letter date September 30, 2022 Original date of Jack Wong’s employment offer letter

COO employment agreement date October 1, 2024 Original date of Eric J. Bava’s employment agreement

Amendment date May 4, 2026 Date both executive employment amendments were signed

New contract end date September 30, 2032 Extended term for both CEO and COO agreements

Key Terms

Emerging Growth Company, employment offer letter, employment agreement, Item 5.02, +2 more

6 terms

Emerging Growth Company regulatory

"Emerging Growth Company Item 5.02 Departure of Directors"

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.

employment offer letter financial

"entered into an amendment (the “Wong Amendment”) to the employment offer letter"

employment agreement financial

"entered into an amendment (the “Bava Amendment”) to the employment agreement"

Item 5.02 regulatory

"Emerging Growth Company Item 5.02 Departure of Directors or Certain Officers"

Exhibit 10.1 regulatory

"A copy of the Wong Amendment is filed as Exhibit 10.1 hereto"

Exhibit 10.2 regulatory

"A copy of the Bava Amendment is filed as Exhibit 10.2 hereto"

Understanding 8-K Material Events →

05/11/2026 - 04:30 PM

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) May 11, 2026 (May 4, 2026)

Verde Resources, Inc.

(Exact name of registrant as specified in its charter)

Nevada	000-55276	32-0457838
(State or other jurisdiction of	(Commission	(IRS Employer
incorporation)	File Number)	Identification No.)

8112 Maryland Ave, Suite 400, St. Louis, Missouri 63105

(Address of principal executive offices)

Registrant’s telephone number, including area code (314) 530-9071

__________________________________________

(Former name or former address, if changed since last report.)

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
None		None		None

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 May 4, 2026, Verde Resources, Inc. (the “Company”) entered into an amendment (the “Wong Amendment”) to the employment offer letter, dated September 30, 2022 (the “Wong Offer Letter”), between the Company and Jack Wong, Chief Executive Officer of the Company. The Wong Amendment extended the term of the Wong Offer Letter for five additional years so that the term shall continue in effect until September 30, 2032. A copy of the Wong Amendment is filed as Exhibit 10.1 hereto.

Also on May 4, 2026, the Company entered into an amendment (the “Bava Amendment”) to the employment agreement, dated October 1, 2024 (the “Bava Employment Agreement”), between the Company and Eric J. Bava, Chief Operating Officer of the Company. The Bava Amendment extended the term of the Bava Employment Agreement for five additional years so that the term shall continue in effect until September 30, 2032. A copy of the Bava Amendment is filed as Exhibit 10.2 hereto.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

10.1	Amendment to Employment Offer Letter, dated May 4, 2026, between the Company and Jack Wong
10.2	Amendment to Employment Agreement, dated May 4, 2026, between the Company and Eric Bava
104	Cover Page Interactive Data File (embedded within the Inline XBRL documents)

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.

	Verde Resources, Inc.

	By:	/s/ Jack Wong
	Name:	Jack Wong
	Title:	Chief Executive Officer

Dated: May 11, 2026

Source: View Original Filing on SEC EDGAR

FAQ

What did Verde Resources (VRDR) change in its executive employment agreements?

Verde Resources extended the terms of its CEO and COO employment arrangements. Jack Wong’s offer letter and Eric J. Bava’s employment agreement were both amended on May 4, 2026 so that each now continues in effect through September 30, 2032, without other terms described here.

How long will Verde Resources (VRDR) retain CEO Jack Wong under the amended agreement?

Under the May 4, 2026 amendment, Jack Wong’s employment offer letter now runs through September 30, 2032. The original offer letter was dated September 30, 2022, and the amendment, filed as Exhibit 10.1, primarily extends the duration of his existing employment arrangement.

What are the key terms of COO Eric J. Bava’s amended employment agreement at VRDR?

Eric J. Bava’s employment agreement, originally dated October 1, 2024, was amended on May 4, 2026. The amendment extends the agreement’s term for five additional years so it now continues through September 30, 2032, as documented in Exhibit 10.2 to this report.

Which SEC item does Verde Resources (VRDR) use to disclose these executive contract changes?

The company reports the contract changes under Item 5.02, which covers departures and appointments of directors or certain officers and compensatory arrangements. This item is used here to describe the amendments extending the CEO and COO employment terms and to reference the related exhibits.

Where can investors find the full text of Verde Resources’ amended executive agreements?

The full texts of the amendments are included as exhibits to the report. Exhibit 10.1 contains the amendment to Jack Wong’s employment offer letter, and Exhibit 10.2 contains the amendment to Eric J. Bava’s employment agreement, both dated May 4, 2026.

Filing Exhibits & Attachments

5 documents