United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
The description of the Indemnification Agreements (discussed below under Item 5.02) is incorporated in this Item 1.01 by reference. A copy of the form of the Indemnification Agreements is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 13, 2025, Houston American Energy Corp. (the “Company”) entered into indemnification agreements with its directors and officers (the “Indemnification Agreements”).
The Indemnification Agreements supplement the indemnification provisions already contained in the Company’s Certificate of Incorporation and Bylaws and generally provides that the Company shall indemnify each officer and director to the fullest extent permitted by applicable law, subject to certain exceptions, against expenses, damages, judgments, fines, and other amounts reasonably incurred by such person in connection with any proceeding in which the person is involved by reason of his service as a director or officer of the Company. The Indemnification Agreements require the advancement of defense expenses, on terms and conditions set forth therein, subject to repayment of such expenses by the person in the event such person is ultimately determined, following final disposition of the proceeding, to not be entitled to indemnification.
The foregoing summary and description of the provisions of the Indemnification Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the Indemnification Agreements, a form of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| 10.1 | Form of Indemnification Agreement | |
| 104 | Cover Page Interactive Data File (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: January 15, 2025 | ||
| By: | /s/ Peter Longo | |
| Name: | Peter Longo | |
| Title: | Chief Executive Officer | |