BKV Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On January 22, 2026, Banpu North America Corporation (the “Consenting Majority Stockholder”), the holder of approximately 66% of the outstanding shares of common stock, par value $0.01 per share (“Common Stock”), of BKV Corporation (the “Company”), consented in writing to an amendment and restatement of the BKV Corporation 2024 Equity and Incentive Compensation Plan (the “2024 Plan” and, as amended and restated, the “A&R 2024 Plan”). The board of directors of the Company (the “Board”), based on the recommendation of the compensation committee thereof, approved the A&R 2024 Plan on December 17, 2025, subject to receipt and effectiveness of the written consent of the Consenting Majority Stockholder (the “Written Consent”).
The A&R 2024 Plan would, among other things, increase the number of shares of Common Stock available for grant and issuance under the 2024 Plan by 2,500,000 shares. The 2024 Plan provides for, and the A&R 2024 Plan would continue to provide for, the granting, from time to time, of non-qualified stock options, appreciation rights, restricted stock awards, restricted stock units, cash incentive awards, performance shares, performance units and other awards denominated or payable in, or otherwise related to the value of, the Company’s Common Stock to eligible non-employee directors, officers and other employees of the Company.
The Company’s stockholders of record as of January 20, 2026, are entitled to notice of the taking of the action by the Consenting Majority Stockholder to approve the A&R 2024 Plan. As of the close of business on January 20, 2026, 96,972,345 shares of Common Stock were issued and outstanding. Each holder of Common Stock is entitled to one vote for each share held of record on all matters on which stockholders are entitled to vote generally. As of January 20, 2026, the Consenting Majority Stockholder was the owner of record of 63,877,614 shares of Common Stock, representing approximately 66% of the voting power of the then outstanding shares of capital stock of the Company. The Written Consent of the Consenting Majority Stockholder constituted stockholder approval of the adoption of the A&R 2024 Plan under the Delaware General Corporate Law and the Company’s Second Amended and Restated Certificate of Incorporation.
The Company will file an Information Statement on Schedule 14C (the “Information Statement”) with the Securities and Exchange Commission and send or give the Information Statement to the holders of record of its Common Stock as of January 20, 2026. Pursuant to applicable regulations, the A&R 2024 Plan will become effective no earlier than 20 days from the date the Information Statement is first sent or given to such stockholders.
SIGNATURE
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.
| BKV Corporation | ||
| January 22, 2026 | By: | /s/ David R. Tameron |
| David R. Tameron | ||
| Chief Financial Officer |