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United
States
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): August 1, 2025
HOUSTON
AMERICAN ENERGY CORP.
(Exact
name of registrant as specified in its charter)
Delaware |
|
1-32955 |
|
76-0675953 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
801
Travis Street, Suite 1425
Houston,
Texas 77002
(Address
of principal executive offices, including zip code)
713-222-6966
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 per share |
|
HUSA |
|
NYSE
American |
Item
5.02 |
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Departure
of Keith Grimes from the Board of Directors
On
August 1, 2025, Keith Grimes resigned from the Board of Directors (the “Board”), the audit committee and the nominating and
corporate governance committee of Houston American Energy Corp. (the “Company”), effective the same date. The resignations
were not due to any disagreement with the Company.
Appointment
of Martha Crawford to the Board of Directors
Effective
August 1, 2025, the Board appointed Martha Crawford as a member of the Board. Ms. Crawford will serve as a director until the next annual
meeting of the Company’s stockholders, at which time she will stand for election until the annual meeting of the Company’s
stockholders following her election, or her earlier resignation, retirement or other termination of service. Ms. Crawford will receive
standard board compensation for her service as a director.
Ms.
Crawford has over 30 years of experience in the energy, chemicals and finance industries. During her career, she has held positions of
progressive responsibility and leadership in various industries. Since 2021, she has worked as Operating Partner at Macquarie Asset Management
(MAM) and serves on the boards of two MAM-owned portfolio companies. Since 2019, she has served as CEO of ESG-FIN LLC and as an independent
advisor to private equity firms, helping to assess potential targets in environmental infrastructure sectors. She served as an independent
director of ALTRAN Technologies from 2015 to 2020 and an independent director of Suez SA from 2019 to 2022. From 1997 to 2016, Ms. Crawford
was Chief Technology Officer for Areva (now Orana) and Air Liquide, leading international research and development operations. Having
served on the Investment Committee at both companies, she is skilled at CPEX and project management. Ms. Crawford has MS and PhD degrees
in Chemical and Environmental Engineering from Harvard University and an MBA from the French College des Ingénieurs. In 2022,
she earned an Executive Certificate in Private Equity and Venture Capital from Columbia Business School. Her experience as a board member
and at executive level makes her duly qualified to serve as a board member.
There
are no arrangements or understandings between Ms. Crawford and any other persons pursuant to which she was named as a director of the
Company. There are no related party transactions between Ms. Crawford and the Company that would require disclosure under Item 404(a)
of Regulation S-K. Ms. Crawford was also appointed to serve on the Board’s audit committee and to be the Chairperson of the Board’s
nominating and corporate governance committee.
In
connection with the appointment, the Company and Ms. Crawford entered into an Indemnification Agreement (the “Indemnification Agreement”),
a copy of which is attached hereto as Exhibit 10.1. The Indemnification Agreement requires the Company to indemnify the directors and
officers to the fullest extent permitted under Delaware law against liability that may arise by reason of their service to the Company,
and to advance certain expenses incurred as a result of any proceeding against an officer or a director as to which such officer or director
could be indemnified.
The
foregoing description of the Indemnification Agreement is not complete and is qualified in its entirety by reference to the full text
of the form Indemnification Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this
Item 5.02 by reference.
On
August 4, 2025, the Company issued a press release announcing Martha Crawford’s appointment to the Board. A copy of the press release
is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item
9.01 |
Financial
Statements and Exhibits. |
Exhibit
No. |
|
Description |
10.1 |
|
Form Indemnification Agreement |
99.1 |
|
Press Release dated August 4, 2025. |
104 |
|
Cover
Page Interactive File (the cover page tags are embedded within the Inline XBRL document). |
SIGNATURES
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.
|
HOUSTON
AMERICAN ENERGY CORP. |
|
|
|
Dated:
August 4, 2025 |
|
|
|
By: |
/s/
Edward Gillespie |
|
Name: |
Edward
Gillespie |
|
Title: |
Chief
Executive Officer |