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PEDEVCO doubles equity incentive pool at August 27 annual meeting

8/30/2026

The late-summer US annual meeting season brought a governance vote to Houston on August 27.

(NYSE American: PED) cleared all five proposals that day: stockholders approved the Third Amendment to the company's 2021 Equity Incentive Plan, doubling the aggregate share ceiling from 900,000 to 1,800,000 shares, while returning all six director nominees to the board and ratifying the existing audit firm.

The equity plan vote carried 12,007,528.1 shares in favour against 223,854.4 opposed, on a quorum of approximately 92.3 percent of outstanding voting shares.

The amendment also raised the incentive stock option sub-limit and the per-recipient award cap from 900,000 to 1,800,000 shares in each case.