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Section 1: 10-K/A (FORM 10-K/A)

hnrg20200708_10ka.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-K/A

Amendment No. 2

 

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

For the fiscal year ended December 31, 2019

 

  OR

 

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

Commission file number: 001-34743

 

"COAL KEEPS YOUR LIGHTS ON"

"COAL KEEPS YOUR LIGHTS ON"

 

 

 

 

HALLADOR ENERGY COMPANY

(www.halladorenergy.com)

 

Colorado

84-1014610

(State of incorporation)

(IRS Employer Identification No.)

 

 

1183 East Canvasback Drive, Terre Haute, Indiana

47802

(Address of principal executive offices)

(Zip Code)

 

Registrant's telephone number, including area code: 303.839.5504

 

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, $0.01 par value per share

 

HNRG

 

Nasdaq Capital Market

 

Securities registered pursuant to Section 12(g) of the Act: None

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☑

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15 (d) of the Act. Yes ☐ No☑

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ☑ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "larger accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 

☐ Large accelerated filer

☑ Accelerated filer

☐ Non-accelerated filer

☑ Smaller reporting company

 

☐ 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. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

 

The aggregate market value of the common stock held by non-affiliates (public float) on June 28, 2019, was $113,764,353 based on the closing price reported that date by the Nasdaq of $5.51 per share.

 

As of July 10, 2020, we had 30,464,501 shares of common stock outstanding.

 

 

 

EXPLANATORY NOTE

Reason for this Amendment

 

This Amendment No. 2 on Form 10-K/A ( the "Amendment No. 2") to the Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "2019 Form 10-K") of Hallador Energy Company ("Hallador" the "Company," "we," or "us") originally filed on March 9, 2020 (the "Original Filing"), as amended by Amendment No. 1 to the Original Filing (the "Amendment No. 1"), is filed to include disclosures required by the Securities and Exchange Commission Order dated March 4, 2020 (Release No. 34-88318), as modified on March 25, 2020 (Release No. 34-88465) (the "Order") that provided 45-day conditional relief to public companies unable to timely comply with their filing obligations as a result of COVID-19. At the time the Company filed its Original Filing, it intended to file a definitive proxy statement for its 2020 Annual Meeting of Shareholders within 120 days of the end of its fiscal year. Amendment No. 1 was filed to present the information required by Part III of the 2019 Form 10-K, as we did not file our definitive proxy statement within 120 days of our fiscal year ended December 31, 2019. This Amendment No. 2 is being filed to include the disclosure below in accordance with the Order, which was inadvertently omitted from Amendment No. 1.

 

Reliance on SEC Relief from Filing Requirements

 

The Company filed, on April 29, 2020, a Current Report on Form 8-K indicating the preparation and filing of the information required for Part III of the 2019 Form 10-K was delayed due to the COVID-19 pandemic and related events which resulted in management devoting significant time and attention to assessing the potential impact of COVID-19 and those events on the Company's operations and financial position and developing operational and financial plans to address those matters. Also, out of an abundance of caution, certain employees at our corporate headquarters, including financial reporting and accounting staff, began working remotely when the state of Indiana's "stay at home" order went into effect March 23, 2020.

 

In accordance with Rules 12b-15 and 13a-14 under the Exchange Act, the Company has also amended Item 15 of Part IV to include currently dated certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Because no financial statements have been included in this Amendment No. 2 and this Amendment No. 2 does not contain or amend any disclosures with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. Similarly, because no financial statements have been included in this Amendment No. 2, certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been omitted.

 

Except as described above, no other changes have been made to the Original Filing and Amendment No. 1. The Original Filing and Amendment No. 1 continue to disclose information as of the date of filing of the Original Filing and Amendment No. 1, respectively, and we have not updated the disclosures contained therein to reflect any subsequent developments or events. This Amendment No. 2 should be read in conjunction with our Original Filing and Amendment No. 1 and our other filings with the Securities and Exchange Commission.

 

 

PART IV

 

Item 15. Exhibits and Financial Statement Schedules

 

Part IV of our Original Filing is hereby amended solely to add the following exhibits required to be filed in connection with this Amendment:

 

Exhibit

Number

 

Description

31.1

 

* Certification of Principal Executive Officer pursuant to Section 302

31.2

 

* Certification of Chief Financial Officer pursuant to Section 302  

     

---------------------

*Filed herewith.

 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  

HALLADOR ENERGY COMPANY

  

  

 

 

 

By: /s/LAWRENCE D. MARTIN

Date: July 10, 2020

Lawrence D. Martin

Chief Financial Officer

 

 

 

 

 
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Section 2: EX-31.1 (EXHIBIT 31.1)

ex_193597.htm

Exhibit 31. 1

 

CERTIFICATION

 

I, Brent K. Bilsland, certify that:

 

1)

I have reviewed this Amendment No. 2 to the Annual Report on Form 10-K for the year ended December 31, 2019 of Hallador Energy Company; and

 

2)

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

 

 

/s/BRENT K. BILSLAND

Brent K. Bilsland

Chairman, Chief Executive Officer and President

  

Date: July 10, 2020

 

 
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Section 3: EX-31.2 (EXHIBIT 31.2)

ex_193598.htm

Exhibit 31. 2

 

CERTIFICATION

 

I, Lawrence D. Martin, certify that:

 

1)

I have reviewed this Amendment No. 2 to the Annual Report on Form 10-K for the year ended December 31, 2019 of Hallador Energy Company; and

 

2)

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

 

 

/s/ LAWRENCE D. MARTIN

Lawrence D. Martin

Chief Financial Officer

 

 Date: July 10, 2020

 

 
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