UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Item 8.01. | Other Matters. |
On May 12, 2023, SandRidge Energy, Inc., a Delaware company (the “Company”) issued a press release announcing that its Board of Directors approved the following: (1) a one-time cash dividend of $2.00 per share of the Company’s common stock, payable on June 7, 2023 to stockholders of record as of the close of business on May 24, 2023, with an aggregate total payout of approximately $74 million, (2) a regular quarterly cash dividend of $0.10 per share of the Company’s common stock, to commence after the second quarter and to be first payable in August 2023, and (3) a stock buyback program authorizing the repurchase of up to $75 million of the Company’s outstanding common stock in open market transactions from time to time with the Company’s cash on hand.
The full text of the press release is included as Exhibit 99.1 hereto.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. |
Description | |
99.1 | Press release dated May 12, 2023. | |
104 | Cover Page Interactive Data File |
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 thereunto duly authorized.
SandRidge Energy, Inc. | ||
By: | /s/ Salah Gamoudi | |
Salah Gamoudi | ||
Executive Vice President, Chief Financial Officer, and Chief Accounting Officer |
Date: May 15, 2023