Management ChangeJul 17, 2026, 05:41 PM
PEDEVCO Announces Paul Pinkston's Departure, $80,885 Severance
AI Summary
PEDEVCO Corp. announced the termination of Paul Pinkston's employment, effective June 23, 2026. A Separation Agreement, signed on July 15, 2026, stipulates a cash severance payment of $80,885 to Mr. Pinkston. Under the terms of the agreement, all unvested equity awards held by Mr. Pinkston were forfeited.
Key Highlights
- Paul Pinkston's employment with PEDEVCO Corp. terminated on June 23, 2026.
- A Separation Agreement was signed on July 15, 2026.
- Mr. Pinkston will receive a cash severance payment of $80,885.
- All unvested stock, restricted stock units, and performance-based restricted stock units were forfeited.
- Mr. Pinkston agreed to standard confidentiality obligations.
Price Impact
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