8-K: Sky Quarry Appoints New CFO

Sky Quarry Inc. announces the immediate appointment of Heidi C. Bowman as its new Chief Financial Officer, effective August 18, 2026.

Summary

• Sky Quarry Inc. has appointed Heidi C. Bowman as its new Chief Financial Officer (CFO), effective August 18, 2026.
• Ms. Bowman, 60, brings over 20 years of experience in strategic finance, with expertise in private equity, real estate, logistics, and oil and gas.
• Her previous roles include CFO at Hillair Capital and Barlock Capital private equity funds, and CFO for portfolio companies like American Natural Energy Corporation and Creek Road Miners Inc.
• She holds a Bachelor of Arts in Economics from UCLA and is a Certified Public Accountant (inactive) in California.
• Ms. Bowman will receive a base salary of $18,500 per month and is eligible for quarterly bonuses, which can be paid in cash, equity, or a combination thereof.
• Her employment is at-will and requires 30 days' prior written notice for termination by either party.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive development, indicating a strengthening of the company's financial leadership with an experienced executive.

Positives

• Appointment of an experienced CFO with over 20 years of relevant financial leadership experience.
• Ms. Bowman's background includes expertise in private equity, real estate, logistics, and oil and gas, which could be beneficial for Sky Quarry's operations.
• The new CFO has a strong academic background and professional certification (CPA inactive).
• The compensation package includes a base salary and eligibility for performance-based bonuses, aligning incentives.

Negatives

• The filing does not contain any negative financial results or operational setbacks.
• The at-will employment nature means either party can terminate the agreement with 30 days' notice, offering limited long-term security for the company regarding this specific role.

Risks

• Potential for disruption if the new CFO's transition is not smooth.
• The at-will employment status could lead to a quick departure if the fit is not ideal.
• Reliance on the Compensation Committee's discretion for bonus payouts could create uncertainty for the CFO.

Future Outlook

The filing does not contain specific forward-looking financial guidance. The appointment of a new CFO is a strategic move to strengthen financial operations.

Management Comments

• The company is pleased to extend the offer of employment to Ms. Bowman.
• Ms. Bowman is described as a strategic finance executive with extensive experience.
• The new CFO will report directly to the Chief Executive Officer.

Industry Context

StockSavvy.ai notes that the appointment of a seasoned CFO is a common and critical step for companies, especially those aiming for growth or navigating complex financial landscapes. This move suggests a focus on strengthening financial oversight and strategy at Sky Quarry Inc.

Management Changes

Related Party Transactions

• There are no disclosed family relationships between Ms. Bowman and any director or executive officer of the Company.
• There are no disclosed transactions between Ms. Bowman and the Company that would require disclosure under Item 404(a) of Regulation S-K.

Stakeholder Impact

• Shareholders can expect enhanced financial oversight and potentially improved financial reporting and strategy.
• Employees will work under the new CFO's leadership, with compensation and benefits continuing as per existing programs.
• Creditors and suppliers will interact with the company's financial operations under new leadership.

Next Steps

• Ms. Bowman will assume her duties as CFO.
• The company will continue to operate under its standard payroll practices for Ms. Bowman's salary.
• Ms. Bowman will be eligible for quarterly bonuses as determined by the Compensation Committee.

Key Dates

Keywords

Chief Financial Officer, CFO Appointment, Executive Appointment, Financial Leadership, Sky Quarry Inc., Heidi Bowman, Corporate Governance, Employment Offer