• Callan JMB reported board member Mark Meller resigned Aug. 26, effective immediately.
• Meller also stepped down as audit committee chair, leaving the governance and compensation committee.
• Replacement director to be nominated by holders of a majority of stated value of Series A perpetual convertible preferred stock issued to Reger Oil.
• Nomination process tied to closing of the Aug. 19 asset purchase agreement for oil and gas assets.
• If the deal fails, remaining directors will fill the vacancy under the company’s bylaws.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Callan JMB Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-041017), on September 01, 2026, and is solely responsible for the information contained therein.