8-K

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): November 5, 2019

ADAMS RESOURCES & ENERGY, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-7908	74-1753147
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

17 South Briar Hollow Lane, Suite 100, Houston, Texas	77027
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (713) 881-3600

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:

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.10 par value	AE	NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
	Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Adams Resources & Energy, Inc. (“Adams” or the “Company”) announced that Kevin J. Roycraft, has been appointed Chief Executive Officer and President of Adams, effective January 1, 2020. Mr. Roycraft has served as President of Service Transport Company since he joined the Company in November of 2017 and as Interim President of GulfMark Energy, Inc. since August 2019.

Mr. Pressler will be retiring as Executive Chairman effective December 31, 2019 and will retain his position as Chairman of the Board of the Company.

Mr. Roycraft, age 50, has served as President of Service Transport Company since November 2017 and as Interim President of GulfMark Energy, Inc. from August 2019. Mr. Roycraft was previously Executive Vice President at Dana Transport Inc. from January 2016 through November 2017. From November 2012 through October 2015, Mr. Roycraft was the President and Chief Executive Officer of Aveda Transportation and Energy Services. He holds a Bachelor of Science in Organizational Leadership and Supervision from Purdue University.

Mr. Roycraft’s annual base salary will increase to $400,000 once the appointment is effective.

A copy of the new release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1  Press release of Adams Resources & Energy, Inc. issued November 7, 2019.

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.

			ADAMS RESOURCES & ENERGY, INC.
Date:	November 7, 2019	By:	/s/ Tracy E. Ohmart
			Tracy E. Ohmart
			Chief Financial Officer
			(Principal Financial Officer and
			Principal Accounting Officer)

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Houston, Texas (Thursday, November 7, 2019) -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) today announced that Kevin J. Roycraft, has been appointed Chief Executive Officer and President of Adams, effective January 1, 2020. Mr. Roycraft has served as President of Service Transport Company since he joined the Company in November of 2017, and has additionally served as Interim President of GulfMark Energy, Inc. since August 2019.

“Kevin has proven to be an invaluable member of our executive team since joining Adams only two years ago, and we look forward to his continued success,” said Townes G. Pressler, the Company’s Executive Chairman. “The Company has prospered under Kevin’s outstanding leadership, and we will continue to leverage his extensive experience and abilities as we further improve our performance metrics and grow the business.”

“I appreciate the opportunity and am deeply honored by the confidence the Board has shown as I step into this expanded role,” said Kevin J. Roycraft. “The Company is in a strong position both operationally and financially, and I look forward to continuing to work closely with the full family of Adams’ employees as we execute on opportunities to take the Company to new heights.”

Mr. Pressler will be retiring as Executive Chairman effective December 31, 2019 and will retain his position as Chairman of the Board of the Company.

Mr. Roycraft added, “The entire Adams organization is very thankful to Mr. Pressler for his dedication and leadership during his time as Executive Chairman. I look forward to continuing to work with Mr. Pressler as we grow the Company and deliver long-term value for our shareholders.”

Adams Resources & Energy, Inc. is primarily engaged in the business of crude oil marketing, transportation and storage and tank truck transportation of liquid chemicals and dry bulk through its two subsidiaries, GulfMark Energy, Inc. and Service Transport Company, respectively. For more information, visit www.adamsresources.com.

Contact:Tracy E. Ohmart

EVP, Chief Financial Officer

tohmart@adamsresources.com

(713) 881-3609