-----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, TExEjpiWHcTIjjwGIkuoUkRb8kYDNgKrY8QMybykJ4ZrYvUILFOG2qe6Hn6zO7gv BR5Bsr6kr7JmDZ2eVQ3Vog== 0000950129-06-003008.txt : 20060324 0000950129-06-003008.hdr.sgml : 20060324 20060323200602 ACCESSION NUMBER: 0000950129-06-003008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060321 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20060324 DATE AS OF CHANGE: 20060323 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BASIC ENERGY SERVICES INC CENTRAL INDEX KEY: 0001109189 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 542091194 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32693 FILM NUMBER: 06707284 BUSINESS ADDRESS: STREET 1: 400 W. ILLINOIS, SUITE 800 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 4326205500 MAIL ADDRESS: STREET 1: 400 W. ILLINOIS, SUITE 800 CITY: MIDLAND STATE: TX ZIP: 79701 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA WELL SERVICE INC DATE OF NAME CHANGE: 20000313 8-K 1 h34396e8vk.htm BASIC ENERGY SERVICES, INC. e8vk
 

 
 
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 21, 2006
Basic Energy Services, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction of
incorporation ) 		  1-32693
(Commission
File Number) 		  54-2091194
(IRS Employer
Identification No.)
     
400 W. Illinois, Suite 800
Midland, Texas
(Address of principal executive offices) 		   
79701
(Zip Code)
Registrant’s telephone number, including area code: (432) 620-5500
 
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):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

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Item 7.01 Regulation FD Disclosure.
     Basic Energy Services, Inc. announced today that James J. Carter, Basic’s Executive Vice President and Secretary, will retire and resign effective April 30, 2006. Mr. Carter has served as Basic’s Executive Vice President since January 2005, served as Basic’s Chief Financial Officer from December 2000 until January 2005, and has spent over 24 years in the well services industry.
     Kenneth V. Huseman, Basic’s President and Chief Executive Officer, said: “Jim has played a key role in the growth of the company over the last five years initially as CFO and more recently leading the corporate development function. We have been anticipating Jim’s retirement for about two years and have planned the transition of his current responsibilities to Roe Patterson, recently appointed Vice President, Corporate Development. All of us at Basic Energy Services thank Jim for his contribution to the company and wish him well in his retirement.”
     In connection with Mr. Carter’s announced retirement, Mr. Carter exercised all of his vested options to acquire 148,720 shares of common stock on March 21, 2006 in a “cashless” exercise approved by the Compensation Committee of the Board in accordance with Basic’s Second Amended and Restated 2003 Incentive Plan. Pursuant to this exercise, Mr. Carter surrendered to Basic an aggregate of 68,118 shares of common stock in lieu of paying the exercise price and applicable withholding taxes, and received net of this amount an aggregate of 80,602 shares of common stock.
     Pursuant to General Instruction B.2 of Form 8-K and Securities and Exchange Commission Release No. 33-8176, the foregoing information is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, but is instead furnished for purposes of that instruction.

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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.
         
  Basic Energy Services, Inc.
 		  
Date: March 23, 2006  By:   /s/ Alan Krenek    
    Alan Krenek   
    Vice President and Chief Financial Officer   
 

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