UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 30, 2022, the Board of Directors of Vivakor, Inc. (the “Company”) received notice from Matthew Nicosia, the Company’s Chief Executive Officer and Chairman of the Board of Directors of his resignation from such positions effective as of October 6, 2022. Such resignations are not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company has commenced a search for Mr. Nicosia’s replacement and the Company expects that to name a new Chief Executive Officer in due course and in a timely manner. The Company and Mr. Nicosia intend for Mr. Nicosia to remain engaged by the Company in a separate capacity (as neither an officer nor other member of the management team) and on terms to be determined by the Company, to facilitate the transition of his responsibilities.
| Item 8.01 | Other Events. |
The Company became aware that the U.S. Securities and Exchange Commission (the “Commission”) filed a civil complaint in the United States District Court for the Eastern District of New York, against Matthew Nicosia, the Company’s Chief Executive Officer and Chairman of the Board of Directors, and three other individuals, alleging violations of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934. The Company was not named as a defendant in such action and the allegations do not relate to the Company or its business, operations or securities. Mr. Nicosia has stated that he disputes such claims and will be defending against them.
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.
| VIVAKOR, INC. | ||
| Dated: October 6, 2022 | By: | /s/ Tyler Nelson |
| Name: Tyler Nelson | ||
| Title: Chief Financial Officer | ||
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