-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S7gjxFTs3yjEUF0Rv3YfbRj5BEiVquV/QeiQHTmCHhSlsgmepxKT7YL9xsS351YY jFWeJJ8ZvEGpJGM2NMxAMw== 0001104659-05-018209.txt : 20050426 0001104659-05-018209.hdr.sgml : 20050426 20050426170958 ACCESSION NUMBER: 0001104659-05-018209 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050420 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050426 DATE AS OF CHANGE: 20050426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARKWEST HYDROCARBON INC CENTRAL INDEX KEY: 0001019756 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 841352233 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14841 FILM NUMBER: 05773864 BUSINESS ADDRESS: STREET 1: 155 INVERNESS DRIVE WEST STREET 2: SUITE 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112-5004 BUSINESS PHONE: 3032908700 MAIL ADDRESS: STREET 1: 155 INVERNESS DRIVE WEST STREET 2: SUITE 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112-5004 8-K 1 a05-6795_28k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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):  April 20, 2005

 

MarkWest Hydrocarbon, Inc.

(Exact name of registrant as specified in its chapter)

 

Delaware

 

1-14841

 

84-1352233

(State or other jurisdiction
of incorporation or organization)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

155 Inverness Drive West, Suite 200, Englewood, CO

 

80112-5000

(Address of principal executive offices)

 

(Zip code)

 

 

 

 

 

Registrant’s telephone number, including area code: 303-290-8700

 

 

 

 

 

Not Applicable 

(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 (see General Instruction A.2. below):

 

¨ 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))

 

 



 

ITEM 3.01  NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING.

 

On April 20, 2005, MarkWest Hydrocarbon, Inc. (the “Company”) received a warning letter from the American Stock Exchange (“AMEX”) advising that the Company is not in compliance with the AMEX requirements as set forth in Section 1101 of the Amex Company Guide for failure to file with the Securities and Exchange Commission (the “SEC”) its Annual Report on Form 10-K for year ended December 31, 2004 by the prescribed filing deadline.   The warning letter gives the Company until May 16, 2005 to regain compliance with the Amex requirements.

 

On April 1, 2005, the Company filed a Form 12b-25 with the SEC, extending the deadline for filing its Annual Report on Form 10-K until April 15, 2005.  On April 15, 2005, the Company issued a press release and filed a Current Report on Form 8-K with the SEC reporting that the completion and filing of the 2004 Annual Report on Form 10-K would be delayed as a result of the Company’s consolidated subsidiary, MarkWest Energy Partners, L.P. (the “Partnership”), having not yet filed its 2004 Annual Report on Form 10-K with the SEC, as well as due to the Company determining that previously issued financial information for the fiscal years 2002 and 2003 and the first three quarters of fiscal years 2004 and 2003 should be restated to reflect compensation expense for its sale of subordinated Partnership units and interests in the Partnership’s General Partner, to certain of its directors and officers from 2002 through 2004.  The Company is devoting substantial resources and working with its outside auditors to complete and file the Annual Report on Form 10-K and the restatements for its consolidated financial statements as of December 31, 2003 and for the years ended December 31, 2003 and December 31, 2002 for the compensation expense adjustments discussed above in conjunction with filing its Annual Report on Form 10-K for December 31, 2004, as soon as reasonably practicable and to restore its compliance with the AMEX requirements.

 

Item 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

 

(c) Exhibits

 

The exhibit identified below is filed as part of this report:

 

Exhibit 99.1                                    Press Release of the American Stock Exchange Warning Letter.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, MarkWest Hydrocarbon, Inc., as registrant, has duly caused this report to be signed on its behalf by the undersigned, hereunto authorized.

 

 

 

MarkWest Hydrocarbon, Inc.

 

(Registrant)

 

 

 

 

 

 

Date:  April 26, 2005

By:

/s/ James G. Ivey

 

 

Name:

James G. Ivey

 

Title:

Chief Financial Officer

 

3



 

Exhibit Index

 

99.1                                                                        Press Release of the American Stock Exchange Warning Letter.

 

4


EX-99.1 2 a05-6795_2ex99d1.htm EX-99.1

Exhibit 99.1

 

 

MarkWest Hydrocarbon, Inc.

Contact:

Frank Semple, President & CEO

155 Inverness Drive West, Suite 200

 

Jim Ivey, CFO

Englewood, CO 80112-5000

 

Andy Schroeder, VP and Treasurer

(800) 730-8388

Phone:

(303) 290-8700

(303) 290-8700

E-mail:

investorrelations@markwest.com

(303) 290-8769 Fax

Website:

www.markwest.com

 

 

MARKWEST HYDROCARBON RECEIVES NOTICE FROM AMEX

 

 

DENVER—April 26, 2005—MarkWest Hydrocarbon, Inc. (AMEX: MWP), today announced that on April 20, 2005, it received a warning letter from the American Stock Exchange (“AMEX”) advising that the Company is not in compliance with the AMEX requirements as set forth in Section 1101 of the AMEX Company Guide for failure to file with the Securities and Exchange Commission (the “SEC”) its Annual Report on Form 10-K for year ended December 31, 2004 by the prescribed filing deadline.   The warning letter gives the Company until May 16, 2005 to regain compliance with the AMEX requirements.

 

On April 1, 2005, the Company filed a Form 12b-25 with the SEC, extending the deadline for filing its Form 10-K until April 15, 2005.  On April 15, 2005, the Company issued a press release and filed a Current Report on Form 8-K with the SEC reporting that the completion and filing of the 2004 Annual Report on Form 10-K would be delayed as a result of the Company’s consolidated subsidiary, MarkWest Energy Partners, L.P. (the “Partnership”), having not yet filed its 2004 Annual Report on Form 10-K with the SEC, as well as due to the Company determining that previously issued financial information for the fiscal years 2002 and 2003 and the first three quarters of fiscal years 2004 and 2003 should be restated to reflect compensation expense for its sale of subordinated Partnership units and interests in the Partnership’s General Partner, to certain of its directors and officers from 2002 through 2004.  The Company is devoting substantial resources and working with its outside auditors to complete and file the Annual Report on Form 10-K for year ended December 31, 2004, and in conjunction therewith the restatements for its consolidated financial statements as of December 31, 2003 and for the years ended December 31, 2003 and December 31, 2002 to reflect the compensation expense adjustments discussed above, as soon as reasonably possible and to restore its compliance with the AMEX requirements.

 

###

 

MarkWest Hydrocarbon, Inc. (AMEX: MWP) controls and operates MarkWest Energy Partners, L.P. (AMEX: MWE), a publicly-traded limited partnership engaged in the gathering, processing and transmission of natural gas; the transportation, fractionation and storage of natural gas liquids; and the gathering and transportation of crude oil. We also market natural gas and NGLs.

 

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance and other factors as discussed in our filings with the Securities and Exchange Commission. Among the factors that could cause results to differ

 



 

materially are those risks discussed in our Form 10-K for the year ended December 31, 2003, and our Forms 10-Q for 2004, as filed with the SEC.

 


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