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Posted 06 October, 2022

Vivakor, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:VIVK in a 8-K filed on 06 October, 2022.


  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.  

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Overview of Vivakor, Inc.
Companies on the Energy Service • Oil Extraction
Vivakor, Inc. engages in the operation, acquisition, and development of clean energy technologies and environmental solutions that focus on soil remediation. It specializes in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. The company focuses on the remediation of contaminated soil and water resulting from either man-made spills or naturally occurring deposits of oil. Its primary focus is remediation of oil spills resulting from the Iraqi invasion of Kuwait and naturally occurring oil sands deposits in the Uinta basin located in Eastern Utah. The company was founded on November 1, 2006 and is headquartered in Dallas, TX.
Market Cap
$70.9M
View Company Details
Vivakor, Inc. by TradingView
Relevant filing section
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.