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): May 21, 2018
Petrolia Energy Corporation
(Exact name of registrant as specified in its charter)
| Texas | 000-52690 | 86-1061005 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 710 N. Post Oak Rd., Ste. 512, Houston, Texas | 77024 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:832-941-0011
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:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) |
| | |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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 8.01 Other Events
On May 21, 2018, the Board of Directors of Petrolia Energy Corporation (the “Company”) adopted charters of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee of the Board of the Directors (collectively, the “Committees”), copies of which are filed herewith as Exhibits 99.1,99.2 and99.3, respectively.
On the same date, the Board of Directors appointed the following members of the Board of Directors to the Committees:
Compensation Committee
Chairman:Joel Oppenheim
Member:Saleem Nizami
Audit Committee
Chairman:Leo Womack
Members:Joel Oppenheim and Saleem Nizami
Nominating and Corporate Governance Committee
Chairman: Ivar Siem
Member:Leo Womack
The Board of Directors also adopted the Whistleblower Protection Policy, a copy of which is attached hereto as Exhibit 14.1, on May 21, 2018.
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | | Description |
| | | |
| 14.1* | | Whistleblower Protection Policy |
| 99.1* | | Charter of the Audit Committee |
| 99.2* | | Charter of the Compensation Committee |
| 99.3* | | Charter of the Nominating and Corporate Governance Committee |
* Filed herewith.
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.
| | Petrolia Energy Corporation |
| | |
| | /s/ Tariq Chaudhary |
| | Tariq Chaudhary CFO |
| | |
| | Date: May 24, 2018 |
EXHIBIT INDEX
| Exhibit No. | | Description |
| | | |
| 14.1* | | Whistleblower Protection Policy |
| 99.1* | | Charter of the Audit Committee |
| 99.2* | | Charter of the Compensation Committee |
| 99.3* | | Charter of the Nominating and Corporate Governance Committee |
* Filed herewith.
