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): April 19,
2018
001-35922
(Commission file number)
PEDEVCO CORP.
(Exact name of registrant as specified in its charter)
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Texas
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22-3755993
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(State or other jurisdiction of
incorporation or organization)
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(IRS Employer Identification
No.)
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4125 Blackhawk Plaza Circle, Suite 201
Danville, California 94506
(Address of principal executive offices)
(855) 733-2685
(Issuer’s telephone number)
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 (see General Instruction A.2.
below):
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[
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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[
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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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
April 19, 2018, Mr. Michael L. Peterson, the President and Chief
Executive Officer of PEDEVCO Corp. (the “Company”), notified the
Company that he would be stepping down from his position as
President and Chief Executive Officer of the Company, effective May
31, 2018 (the “Separation Date”), to
assume the position of President of the Taiwan Mission of The
Church of Jesus Christ of Latter-day Saints in Taipei, Taiwan,
which position will require his relocation to Taiwan for a period
of three-years. Mr. Peterson has agreed to continue to serve as a
consultant to the Company pursuant to a consulting engagement to be
entered into on or before his Separation Date, on terms and
conditions to be approved by Mr. Peterson and the
Company.
Mr.
Frank C. Ingriselli, the Company’s current Chairman and
former President and Chief Executive Officer, has agreed to assume
the offices of President and Chief Executive Officer of the Company
upon Mr. Peterson’s departure, effective on the Separation
Date, pursuant to an employment agreement to be entered into on or
before the Separation Date, on terms and conditions to be approved
by Mr. Ingriselli and the Company.
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 thereunto duly authorized.
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PEDEVCO
CORP.
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By:
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/s/ Michael L. Peterson
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Michael
L. Peterson
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President
and
Chief
Executive Officer
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Date: April
24, 2018