PROP~~.016 ALERT ,HUGE 8k, GOING TO NASDAQ,,Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 2, 2018, Christopher Headrick was appointed to the Board of Directors of Pledge Petroleum Corp. (the “Company”).
Mr. Headrick is an independent director in accordance with the applicable rules of the NASDAQ Stock Market and has been appointed to a special committee of the Board of Directors formed to review and consider new acquisition candidates.
Christopher Headrick, age 54, has been serving as the Chief Executive Officer of Wyoming Energy Corp., a company engaged in the oil and gas business, since May 2012. Mr. Headrick is also the principal of Christopher Headrick LLC, an energy consulting firm he founded in June 2015. He also has served since February 2017 as the Chief Executive Officer of H2 Energy Group, a company engaged in the hydrogen energy production business.
Mr. Headrick was not selected as a director pursuant to any arrangements or understandings with the Company or with any other person. Additionally, he received a grant on May 2, 2018 of 10,000,000 shares of the Company’s common stock, vesting 1/3 immediately, 1/3rd after one year and 1/3rd after 2 years. There have been no other transactions involving Mr. Headrick that would require disclosure under Item 404(a) of Regulation S-K. On May 2, 2018, each of John Huemoeller and John Zotos, also received a grant of 10,000,000 shares of the Company’s common stock, vesting 1/3 immediately, 1/3rd after one year and 1/3rd after 2 year.
look at Christopher Headrick what he does
US Energy Corp Wyoming (USEG:NASDAQ CM) trades at $1.17 now
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