-----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, RqzpTx4r6fqD0L04zIjRylwFFa83Xw7uqDrEgGuXV/Jhdvh+f70Ei+AtLcnbMCzm 6jxpW5LIhriXdIBXsYld6g== 0001402281-11-000002.txt : 20110204 0001402281-11-000002.hdr.sgml : 20110204 20110204162355 ACCESSION NUMBER: 0001402281-11-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110204 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20110204 DATE AS OF CHANGE: 20110204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMAC Energy Inc. CENTRAL INDEX KEY: 0001402281 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 300349798 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34525 FILM NUMBER: 11575065 BUSINESS ADDRESS: STREET 1: 250 East Hartsdale Ave STREET 2: SUITE 47 CITY: Hartsdale STATE: NY ZIP: 10530 BUSINESS PHONE: 914-472-6070 MAIL ADDRESS: STREET 1: 250 East Hartsdale Ave STREET 2: SUITE 47 CITY: Hartsdale STATE: NY ZIP: 10530 FORMER COMPANY: FORMER CONFORMED NAME: Pacific Asia Petroleum Inc DATE OF NAME CHANGE: 20070607 8-K 1 form8k.htm CAK -- 8-K RE LINK RESIGNATION AND AUDIT COMMITTEE APPOINTMENT 2_4_11V2_3.DOC form8k.htm
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 and Exchange Act of 1934
 
Date of report:  February 4, 2011
 
Date of earliest event reported:  January 31, 2011
 
_______________
 
CAMAC ENERGY INC.
(Exact name of registrant as specified in its charter)
 
_______________
 
Delaware
(State or other jurisdiction of incorporation)
 
     
001-34525
  
30-0349798
(Commission File Number)
  
(IRS Employer Identification Number)
 
250 East Hartsdale Ave., Hartsdale, New York 10530
(Address of principal executive offices)
 
(914) 472-6070
(Registrant’s telephone number, including area code)
 
_______________
 
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))
 
 
 
 
 
 
 
   
 
Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 

 On January 31, 2011, Mr. James F. Link, Jr., a member of the Company’s Board of Directors (“Board”), announced his resignation from the Board and as a member of the Board’s Compensation Committee and Audit Committee, effective February 1, 2011 (the "Effective Date").  Mr. Link’s retirement from the Board was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
 
The Board accepted Mr. Link's resignation with appreciation for his service to the Company since July 2008, and as of the Effective Date, the Board appointed Dr. Lee Patrick Brown, a current member of the Board, to the Company’s Audit Committee and designated Ms. Hazel O’Leary, a current member of the Board and the Audit Committee, to serve as the Audit Committee’s Interim Chairperson.

As a result of the appointments of Dr. Brown to the Audit Committee and Ms. O'Leary as the Interim Chairperson of the Audit Committee, the Company’s Audit Committee now consists of Ms. O’Leary, Dr. Brown, and Mr. John Hofmeister, each of whom is an "independent" director, as that term is defined in Rule 803A of the NYSE Amex Company Guide and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. The Board has also determined that each of Dr. Brown, Ms. O’Leary, and Mr. Hofmeister is able to read and understand fundamental financial statements, including the Company’s balance sheet, income statement, and cash flow statement, as required by Section 803B(2)(a)(iii) of the NYSE Amex Company Guide, and that Ms. O’Leary is an "audit comm ittee financial expert" as defined by the rules and regulations of the SEC.

In addition, to fill the vacancy left on the Board’s Compensation Committee due to Mr. Link’s retirement, effective February 1, 2011, the Board appointed Mr. Hofmeister, a current member of the Board, to serve on the Board’s Compensation Committee.  As a result of the appointment of Mr. Hofmeister to the Compensation Committee, the Company’s Compensation Committee now consists of Ms. O’Leary, Dr. Brown, and Mr. Hofmeister, each of whom is an "independent" director, as that term is defined in Rule 803A of the NYSE Amex Company Guide and Rule 10A-3 under the Securities Exchange Act of 1934, as amended.


 
 
 



SIGNATURES
 
Pursuant to the requirement 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.
 
Dated:  February 4, 2011
 
       
 
  
     
   CAMAC Energy Inc.  
   
By:
 
 /s/ Abiola L. Lawal
  
   
Abiola L. Lawal
  
   
Chief Financial Officer
  
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