Zion Oil & Gas (ZNOG) adds William H. Avery to Board of Directors

Rhea-AI Filing Summary

Zion Oil & Gas, Inc. reported that it has appointed William H. Avery to its Board of Directors, effective January 1, 2026, filling an existing board vacancy. The Board voted on his appointment on January 12, 2026, following a recommendation from the Nominating and Corporate Governance Committee made on December 29, 2025.

Mr. Avery has a long history with the company, having served in multiple senior roles including Vice President of Finance and Treasurer, Executive Vice President, Treasurer, director, General Counsel, and President. He holds a BBA in Finance and Economics from Southern Methodist University and a Juris Doctorate from Duke University. He will serve as a Class II director, with his term up for reelection at the 2028 annual stockholders meeting, and will continue under his existing General Counsel compensation package, with no additional arrangements disclosed.

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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

January 12, 2026

Date of Report (Date of earliest event reported)

Zion Oil & Gas, Inc.

(Exact name of registrant as specified in its charter)

Texas

(State or other jurisdiction of incorporation)

001-33228		20-0065053
(Commission File Number)		(IRS Employer Identification No.)

12222 Merit Drive, Suite 1450, Dallas, TX 75251

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: 214-221-4610

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 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in 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.  ☐

Securities registered pursuant to Section 12(b) of the Act: 

Title of each class Trading Symbol(s) Name of each exchange on which registered

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of a Board Vacancy

The Company has appointed William H. Avery to the Board of Directors, effective January 1, 2026, to fill a vacancy on the Board as voted by the Board of Directors on January 12, 2026 and recommended to the Board by the Nominating and Corporate Governance Committee on December 29, 2025.

From 2001 to 2003, Mr. Avery worked on a broad variety of administrative, financial and legal matters for the Company. He served as Vice President of Finance and Treasurer commencing 2003 until 2007. He worked full time as Executive Vice President and Treasurer and as a director commencing in 2007 with responsibility for administration, finance and legal until 2010. From December 2012 to current, he has been the General Counsel. Effective April 12, 2019, Mr. Avery assumed the position of President until April 2, 2025 and has been under an employment contract as General Counsel and with the prior appointment as President. Mr. Avery has a BBA in Finance and Economics from Southern Methodist University and a Juris Doctorate from Duke University.

There are no arrangements or understandings between Mr. Avery and any other person pursuant to which he was elected to the Board, and there are no relationships between Mr. Avery and the Company that would require disclosure under Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended.

For his services on the Board, Mr. Avery will be compensated as a non-independent director. Mr. Avery will be a Class II director up for reelection at the 2028 annual stockholders meeting. Mr. Avery will continue under his current compensation package as the General Counsel without any changes.

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 hereto duly authorized.

	Zion Oil and Gas, Inc.
Date: January 12, 2026	By:	/s/ Robert Dunn
		Robert Dunn
		Chief Executive Officer

FAQ

What board change did Zion Oil & Gas (ZNOG) disclose?

Zion Oil & Gas, Inc. disclosed that it appointed William H. Avery to its Board of Directors to fill a vacancy, effective January 1, 2026.

When was William H. Avery appointed to the Zion Oil & Gas (ZNOG) board?

William H. Avery’s appointment to the Board of Directors was effective January 1, 2026, and the Board formally voted on this appointment on January 12, 2026.

What is William H. Avery’s role and board term at Zion Oil & Gas (ZNOG)?

William H. Avery will serve as a Class II director at Zion Oil & Gas and will be up for reelection at the 2028 annual stockholders meeting. He will also continue in his role as General Counsel.

What prior experience does William H. Avery have with Zion Oil & Gas (ZNOG)?

Since 2001, Mr. Avery has held several senior positions at Zion Oil & Gas, including Vice President of Finance and Treasurer, Executive Vice President and Treasurer, director, General Counsel, and President.

Will William H. Avery receive new compensation for his Zion Oil & Gas (ZNOG) board role?

For his board service, Mr. Avery will be compensated as a non-independent director, and he will continue under his current General Counsel compensation package without changes.

Did Zion Oil & Gas (ZNOG) disclose any related-party relationships for William H. Avery?

The company stated there are no arrangements or understandings under which Mr. Avery was elected to the Board and no relationships requiring disclosure under Item 404(a) of Regulation S-K.