On August 28, 2025, PEDEVCO Corp. awarded restricted stock to its directors: 200,000 shares to John Scelfo (vesting July 12, 2026), 200,000 shares to Dr. Simon G. Kukes (vesting January 1, 2026), and 140,000 shares to H. Douglas Evans (vesting September 27, 2026). Additionally, the company elected five directors and approved its audit firm at the same meeting.