Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

So, all that hiring ...

... turned out to be horrible management by Lynn?

Lynn is out of TIV for 2 days and TIV starts cutting back on the cabal of cronies hired to keep Lynn company as he built parking lot value?

TIV wants to cut out a $$million$$ of the fat Lynn put on? Was a PR put out on this or just the 8K?

Seriously, you just can't make this stuff up, IMHO.

http://www.sec.gov/Archives/edgar/data/22551/000116267710000036/tv0302108k.htm

Date of Report (Date of earliest event reported):
February 25, 2010

Tri-Valley Corporation
(Exact name of registrant as specified in its charter)

Delaware
001-31852
94-1585250
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(IRS Employer
Identification No.)
4550 California Blvd., Suite 600
Bakersfield, California 93309
(Address of principal executive office)
Issuer's telephone number: 661-864-0500

Section 5 – Corporate Governance and Management

Item 5.02 Departure of Principal Officers

In conjunction with an initiative to reduce approximately $1 million annually in general and administrative costs, on February 25, 2010, Tri-Valley Corporation eliminated several positions including the chief compliance officer position formerly held by Arthur A. Evans. The compliance responsibilities will be outsourced to outside legal counsel. Tri-Valley thanks Mr. Evans for his contributions to the company and its projects.

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.

Date: March 2, 2010

TRI-VALLEY CORPORATION
/s/ John E. Durbin

John E. Durbin, Chief Financial Officer