Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 6, 2021, the Company announced that Chad Burkhardt has joined the Company as its Vice President and General Counsel, effective April 1, 2021. Mr. Burkhardt, age 47, most recently served as Vice President, General Counsel and Corporate Secretary at TransAtlantic Petroleum Ltd, a publicly traded energy exploration and production company, focused on applying North American drilling and exploration technologies and practices to underdeveloped reserves in Turkey and Eastern Europe. At TransAtlantic, Mr. Burkhardt oversaw the company's overall legal function while focusing in particular on capital markets activities and corporate finance transactions. He was also intimately involved in matters related to acquisitions and divestitures, crisis management, and labor and employment. Prior to working at Transatlantic Petroleum, Mr. Burkhardt was a partner at Baker Botts LLP, a global law firm whose headquarters is located in Houston, Texas. At Baker Botts, Mr. Burkhardt had a diverse set of clients ranging from technology start-ups to oil and gas and alternative-energy companies. Mr. Burkhardt began his legal career as an associate at Thompson Knight LLP. Mr. Burkhardt received his Juris Doctor from Duke University School of Law and he has a Bachelor of Arts Degree from Texas A&M University.

In connection with his appointment as General Counsel of the Company, Mr. Burkhardt will receive a base annual salary of $250,000 and an initial stock grant of 750,000 common stock options, which will vest over a three-year period. Mr. Burkhardt will be entitled to participate in the Company's various incentive compensation programs, payable at the discretion of the Board of Directors of the Company

There are no arrangements or understandings between Mr. Burkhardt and any other person pursuant to which Mr. Burkhardt was selected as an officer of the Company. Mr. Burkhardt has no family relationship with any director or executive officer of the Company or any person nominated or chosen by the Company to be a director or executive officer.

Item 7.01 Regulation FD Disclosure.

On April 6, 2021, the Company issued a press release announcing the appointment of (a) Mr. Burkhardt as Vice President and General Counsel and (b) Ms. Brada Wilson as Controller, both effective April 1, 2021.

The information furnished pursuant to this Item 7.01 and the accompanying Exhibit 99.1 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Further, the information in this Item 7.01 and Exhibit 99.1(i) will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.1) and (ii) is not to be incorporated by reference into any filings of the Company.

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Item 9.01 Financial Statements and Exhibits.





  (d) Exhibits




Exhibit No.   Description of Exhibit

99.1            Press Release.






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