Zion Oil & Gas, Inc. filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 14, 2026, announcing amendments to its Articles of Incorporation and Bylaws.
The filing details a change to Article VI of the company's Bylaws, specifically adding a new Section 6.7 titled "Repurchasing Shares." This section grants the Board of Directors the authority to approve the repurchase of company shares in the best interests of the corporation and its shareholders, provided the transactions are conducted at fair market value.
The amendment requires that any share buybacks be disclosed and conducted in compliance with the Texas Business Organizations Code (TBOC) and applicable federal securities rules. The Board of Directors approved these changes based on a recommendation from management on September 14, 2026. The amended Bylaws are effective as of that same date and are included as Exhibit 3(i).1 to the filing.
