0001165527-13-000842.txt : 20131007
0001165527-13-000842.hdr.sgml : 20131007
20131007163859
ACCESSION NUMBER: 0001165527-13-000842
CONFORMED SUBMISSION TYPE: PRE 14C
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20131025
FILED AS OF DATE: 20131007
DATE AS OF CHANGE: 20131007
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Baron Energy Inc.
CENTRAL INDEX KEY: 0001410012
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 260582528
STATE OF INCORPORATION: NV
FISCAL YEAR END: 0731
FILING VALUES:
FORM TYPE: PRE 14C
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-146627
FILM NUMBER: 131139534
BUSINESS ADDRESS:
STREET 1: 300 S. C.M. ALLEN PARKWAY
STREET 2: SUITE 400
CITY: SAN MARCOS
STATE: TX
ZIP: 78666
BUSINESS PHONE: 512-392-5775
MAIL ADDRESS:
STREET 1: 300 S. C.M. ALLEN PARKWAY
STREET 2: SUITE 400
CITY: SAN MARCOS
STATE: TX
ZIP: 78666
FORMER COMPANY:
FORMER CONFORMED NAME: Nevwest Explorations Corp.
DATE OF NAME CHANGE: 20070816
PRE 14C
1
g7099.txt
PRELIMINARY INFORMATION STATEMENT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14C INFORMATION
INFORMATION STATEMENT PURSUANT TO SECTION 14C OF THE
SECURITIES EXCHANGE ACT OF 1934
[X] Filed by the Registrant [ ] Filed by a Party other than the Registrant
Check the appropriate box:
[X] Preliminary Information Statement
[ ] Definitive Information Statement Only
[ ] Confidential, for Use of the Commission (as permitted by Rule 14c)
BARON ENERGY, INC.
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(Name of Registrant as Specified In Its Charter)
Name of Person(s) Filing Information Statement, if other than Registrant:
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Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14C-5(g) and 0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (Set forth the amount of which the filing fee is
calculated and state how it was determined):
--------------------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11 (a) (2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount previously paid:
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2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
----------------------------------------------------
4) Date Filed:
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PRELIMINARY COPY
BARON ENERGY, INC.
300 S. C.M. Allen Parkway, Suite 400
San Marcos, TX 78666
INFORMATION STATEMENT
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
INTRODUCTION
This notice and information statement (the "Information Statement") is being
mailed on or about October __, 2013 to our stockholders of record as of June 1,
2012 pursuant to Section 14C of the Exchange Act of 1934, as amended, to inform
our stockholders that the holders of a majority of our issued and outstanding
shares of voting stock executed a written consent dated June 20, 2012 (the
"Consent") approving an amendment (the "Amendment") to our Articles of
Incorporation, as amended (our "Articles of Incorporation"), whereby Article IV
which authorizes 75,000,000 Common Shares, $0.001 par value per share to state
that the Company is authorized to issue 150,000,000 Common Shares, par value
$0.001 per share (the "Common Stock").
Our Board of Directors has approved the Amendment and holders of a majority of
our issued and outstanding voting stock have signed the Consent. Accordingly,
your approval is not required and is not being sought. The Amendment will be
effective when the Articles of Amendment is filed with the Secretary of State of
Nevada, which is expected to occur on or after June 25, 2012.
The solicitation relating to the Consent was made by us and the expenses of such
solicitation were borne by us. As of June 1, 2012, we had 71,073,983 shares of
Common Stock issued and outstanding. Each stockholder of record was entitled to
one vote for each share of Common held on the record date. The majority of our
outstanding voting stock was required to approve the Amendment.
Please read this notice carefully. It describes, among other things, certain
information concerning the Amendment. The form of the Amendment is attached to
this Information Statement as Exhibit A.
Our principal executive office is located at 300 S. C.M. Allen Parkway, Suite
400, San Marcos, Texas 78666.
PRELIMINARY COPY
BARON ENERGY, INC.
300 S. C.M. Allen Parkway, Suite 400
San Marcos, TX 78666
INFORMATION STATEMENT
TO OUR STOCKHOLDERS:
NOTICE IS HEREBY GIVEN that the following action was taken pursuant to the
Consent to amend our Articles of Incorporation by amending Article IV which
authorizes 75,000,000 Common Shares, $0.001 par value per share, to state that
the Company is authorized to issue 150,000,000 Common Shares, par value $0.001
per share (the "Common Stock") to be effective as of the filing of the amendment
to our Articles of Incorporation with the Nevada Secretary of State.
Stockholders of record as of June 20, 2012, the date the holders of a majority
of our issued and outstanding voting stock sufficient to amend our Articles of
Incorporation signed the Consent, are entitled to Notice of the foregoing.
We have asked our transfer agent, Holladay Stock Transfer, Inc., brokers and
other custodians and fiduciaries to forward this Information Statement to the
beneficial owners of our Common Stock held of record by such persons and will
reimburse such persons for out-of-pocket expenses incurred in forwarding such
material.
This Information Statement will serve as written Notice to stockholders pursuant
to the Nevada Revised Statutes.
THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS' MEETING
WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
By Order of the Board of Directors,
/s/ Ronnie L. Steinocher
-------------------------------------
Ronnie L. Steinocher
Chairman of the Board of Directors,
Chief Executive Officer and President
October __, 2013
TABLE OF CONTENTS
Page
----
The Amendment to Our Articles of Incorporation 3
Principal Stockholders 3
Description of Capital Stock 4
Where You Can Find More Information 5
Exhibit A: Form of Articles of Amendment to Articles of Incorporation 6
2
THE AMENDMENT TO OUR ARTICLES OF INCORPORATION
BACKGROUND AND REASON FOR THE AMENDMENT
We are an early stage independent oil and gas acquisition, exploration and
development company. Our principal executive offices are located at 300 S. C.M.
Allen Parkway, Suite 400, San Marcos, Texas 78666; telephone number is (512)
392-5775.
In order for us to continue to implement our business plan, we need to secure
additional financing as well as provide sufficient shares for issuance for
future contingencies including potential acquisitions, debt restructuring and
issuance of equity securities in consideration for services rendered to the
Company. In order to attract new financing without incurring significant debt on
our books, we need to have the flexibility to offer either Common Shares in
order to protect and attract these investors.
The form of Amendment is set forth in Exhibit A. The Amendment will become
effective on the date that Certificate of Amendment to the Articles of
Incorporation is filed with the Secretary of State of the State of Nevada, which
is expected to occur on or after June 25, 2012.
The Consent provides the necessary corporate authorization under Nevada law to
enable the filing and effectiveness of such an amendment.
NO APPRAISAL RIGHTS
Our stockholders are not entitled to appraisal rights under the Nevada Revised
Statutes with respect to the Amendment.
This Information Statement does not constitute an offer of any of our securities
for sale.
This notice and information statement (the "Information Statement") is being
provided to our stockholders on or about October __, 2013.
PRINCIPAL STOCKHOLDERS
The following table sets forth information regarding the beneficial ownership of
our Common Stock as of June 1, 2012 with regard to the following criteria (i)
each person, or group of affiliated persons, known to us to own beneficially 5%
or more of our outstanding common stock; (ii) each of our directors; (iii) each
of our named executive officers; and (iv) all of our directors and named
executive officers as a group. Under Commission rules, beneficial ownership of a
class of capital stock includes any shares of such class as to which a person,
directly or indirectly, has or shares voting power or investment power and also
any shares as to which a person has the right to acquire such voting or
investment power within 60days through the exercise of any stock option, warrant
or other right. If two or more persons share voting power or investment power
with respect to specific securities, each such person is deemed to be the
beneficial owner of such securities. Except as we otherwise indicate below and
under applicable community property laws, we believe that the beneficial owners
of the common stock listed below, based on information they have furnished to
us, have sole voting and investment power with respect to the shares shown.
The calculations of beneficial ownership and voting rights in this table are
based on 71,073,983 shares of our Common Stock outstanding as of June 1, 2012.
Title Name and Address Amount and Nature Percent
of Class of Beneficial Owner of Beneficial Ownership of Class(4)
-------- ------------------- ----------------------- -----------
Common Ronnie L. Steinocher (1) 10,981,879 (2) 15.45%
300 S. C.M. Allen Parkway
Suite 400
San Marcos, TX 78666
3
Title Name and Address Amount and Nature Percent
of Class of Beneficial Owner of Beneficial Ownership of Class(4)
-------- ------------------- ----------------------- -----------
Common Lisa P. Hamilton (1) 10,190,882 (3) 14.34%
300 S. C.M. Allen Parkway
Suite 400
San Marcos, TX 78666
Common All Officers and Directors 21,172,761 (2)(3)(4) 29.79%
As a Group (2 persons)
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(1) Officer and Director of our Company.
(2) Includes 1,214,534 shares of Common Stock held by ENVCA Investments LP of
which Mr. Steinocher is a managing partner and shares equal voting and
investment power over such shares with Ms. Hamilton. Mr. Steinocher
disclaims beneficial ownership of all shares held by ENVCA Investments LP
except to the extent of his pecuniary interest therein. Includes 100,433
shares of Common Stock held by Eneran Exploration LP of which Mr.
Steinocher is a managing partner and shares equal and investment power over
such shares with Ms. Hamilton. Mr. Steinocher disclaims beneficial
ownership of all shares held by Eneran Exploration LP except to the extent
of his pecuniary interest therein. Includes 206,632 shares of Common Stock
held by Lavaca Energy, LLC of which Mr. Steinocher is the sole member and
manager and has sole voting and investment power over such shares.
(3) Includes 1,214,534 shares of Common Stock held by ENVCA Investments LP of
which Ms. Hamilton is a managing partner and shares equal voting and
investment power over such shares with Mr. Steinocher. Ms. Hamilton
disclaims beneficial ownership of all shares held by ENVCA Investments LP
except to the extent of her pecuniary interest therein. Includes 100,433
shares of Common Stock held by Eneran Exploration LP of which Ms. Hamilton
is a managing partner and shares equal and investment power over such
shares with Mr. Steinocher. Ms. Hamilton disclaims beneficial ownership of
all shares held by Eneran Exploration LP except to the extent of her
pecuniary interest therein. Includes 2,268,916 shares of Common Stock held
by Pierce-Hamilton Energy Partners LP of which Ms. Hamilton is the sole
limited partner and manager and has sole voting and investment power over
such shares.
(4) Percentage based upon 71,073,983 shares of our Common Stock outstanding as
of June 1, 2012.
We currently have no stock options or other rights outstanding that would give
any of our stockholders the right to acquire voting or investment power over
additional shares of our capital stock.
DESCRIPTION OF CAPITAL STOCK
As of the date of this Information Statement, our authorized capital stock of
the Company presently consists of 75,000,000 shares of Common Stock, $0.001 par
value per share. At the close of business on June 1, 2012, 71,073,983 shares of
Common Stock were outstanding and entitled to vote.
The following is a summary of material provisions of our capital stock.
COMMON STOCK
Except as otherwise provided by our articles of incorporation or Nevada law,
each holder of Common Stock is entitled to one vote, in person or by proxy, for
each share standing in such holder's name on our stock transfer records. Holders
of shares of Common Stock are entitled to receive dividends only when, as and if
approved by our board of directors from funds legally available for the payment
of dividends. Our stockholders are entitled to share ratably in the assets
legally available for distribution to our stockholders in the event of our
liquidation, dissolution or winding up, voluntarily or involuntarily, after
payment of, or adequate provision for, all of our known debts and liabilities
and of any preferences of preferred stock that may be outstanding in the future.
4
WHERE YOU CAN FIND MORE INFORMATION
Additional information about us is contained in our periodic and current reports
filed with the U.S. Securities and Exchange Commission (the "Commission"). These
reports, their accompanying exhibits and other documents filed with the
Commission, may be inspected without charge at the Public Reference Section of
the Commission at 100 F Street NE, Washington DC 20549. Copies of such material
may also be obtained from the Commission at prescribed rates. The Commission
also maintains a Website that contains reports, proxy and information statements
and other information regarding public companies that file reports with the
Commission. Copies of these reports may be obtained from the Commission's Edgar
archives at http://sec.gov. If you would like to receive a printed copy of these
materials, please call our offices at (512) 392-5775 or send a written request
to the Company at Baron Energy, Inc., 300 S. C.M. Allen Parkway, Suite 400, San
Marcos, Texas 78666 and we will send a free copy to you.
By Order of the Board of Directors,
/s/ Ronnie L. Steinocher
-------------------------------------
Ronnie L. Steinocher
Chairman of the Board of Directors,
Chief Executive Officer and President
October ___, 2013
5
EXHIBIT A
ARTICLES OF AMENDMENT
TO
ARTICLES OF INCORPORATION
OF
BARON ENERGY, INC.
In accordance with shareholders' approval of a proposal to amend the
Articles of Incorporation of Baron Energy, Inc. (the "Corporation") to increase
the number of authorized shares of the Corporation's common stock, par value
$0.001, from 75,000,000 to 150,000,000 duly executed by a majority of the
shareholders of the Corporation entitled to vote thereon, and ratification of
such action by the Company's Board of Directors, the Company's Articles of
Incorporation are hereby amended as follows:
ARTICLE IV - AUTHORIZATION OF CAPITAL STOCK
The amount of the total authorized capital stock of the corporation shall
be ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000), consisting of ONE HUNDRED
FIFTY MILLION (150,000,000) shares of Common Stock, par value $0.001 per share.
Except as amended above the remainder of the Corporation's Articles of
Incorporation shall remain unchanged, and are hereby ratified and confirmed.
The foregoing Articles of Amendment to Articles of Incorporation were duly
adopted by written consent of a majority vote of the holders of the
Corporation's common stock and approved by a sufficient number of votes pursuant
to the Nevada Revised Statutes.
Signed this 26th.day of June 2012
/s/ Ronnie L. Steinocher /s/ Lisa P. Hamilton
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Ronnie L. Steinocher Lisa P. Hamilton
President and CEO Executive Vice President and CFO
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