Vivakor secures shareholder approval for key proposals

Vivakor Inc (NASDAQ:VIVK) has approved all proposals at its shareholder meeting on November 10, 2023. Over 90% voted for each proposal. CEO James Ballengee, now the largest shareholder, accepted the Acquisition Stock Issuance and CEO compensation shares at $1.08 and $1.42 per share, respectively, exceeding Vivakor's market price by 42% and 87%. Ballengee will receive his annual salary in Vivakor common stock. The firm approved other matters like compensation shares, and its 2023 Equity and Incentive Plan.