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Section 1: 8-K (8-K)

hnrg-8k-march_2019_1

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): March 19, 2019  (March 13, 2019) 



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Hallador Energy Company 

(Exact name of registrant as specified in its charter) 

 (Nasdaq: HNRG) 



 

 



 

 



 

 

Colorado

001-34743

84-1014610

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

  

 

 



 

 

1660 Lincoln Street, Suite 2700, Denver, Colorado

   

80264-2701

(Address of principal executive offices)

   

(Zip Code)

 

Registrant’s telephone number, including area code: (303) 839-5504 

_________________________________________

(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 obligation of the registrant under any of the following provisions: 



 

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.     


 

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



On March 13, 2019, Hallador Energy Company (the “Company”), announced that R. Todd Davis has been appointed as the Company’s Chief Accounting Officer and Senior Vice President, and will serve as the Company’s principal accounting officer.  Mr. Davis, age 46, currently serves as the Director of Compliance and Financial Reporting for Sunrise Coal LLC (“Sunrise Coal”), a wholly-owned subsidiary of the Company, a position he has held since March 2016.  Prior to joining Sunrise Coal, Mr. Davis served as a Senior Manager and Engagement Director with CliftonLarsonAllen LLP (formerly Clifton Gunderson LLP) where he worked from October 1998 to February 2016.  Mr. Davis is a licensed Certified Public Accountant and received his Bachelor of Science degree in Accounting from Illinois State University.

Item 8.01 Other Events   

Yorktown Energy Partners VIII, L.P. (“Yorktown VIII”) notified us that it distributed 1,000,000 shares (3.3% of the total outstanding shares) of Hallador common stock to its general and limited partners after the close of the stock market on March 18, 2019.  After the distribution, Yorktown VIII will hold 950,000 shares (3.14% of the total outstanding shares) of Hallador common stock.  Yorktown Energy Partners VI, L.P. continues to own 604,904 shares (2% of the total outstanding shares) of Hallador common stock, and Yorktown Energy Partners VII, L.P. continues to own 361,094 shares (1.2% of the total outstanding shares) of Hallador common stock.  We were advised that the distributed shares could be sold immediately.  



We expect that over time these distributions will improve our liquidity and float.



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.  



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 

March 19, 2019

 

 

 

By:

 

/s/LAWRENCE D. MARTIN 

Lawrence D. Martin

Executive Vice President and

Chief Financial Officer

  


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