-----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, HDuD3B4XO7vhpKm6FitK9igO/5NYzc3rUBkGQ6nTNmiO7J3csgqvodO1jRuGgRPf 31Hk3nUxvrA8PNhFI4Zx6w== 0000941158-99-000031.txt : 19990805 0000941158-99-000031.hdr.sgml : 19990805 ACCESSION NUMBER: 0000941158-99-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990803 ITEM INFORMATION: FILED AS OF DATE: 19990804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HIGH PLAINS CORP CENTRAL INDEX KEY: 0000317551 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 480901658 STATE OF INCORPORATION: KS FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08680 FILM NUMBER: 99677718 BUSINESS ADDRESS: STREET 1: 200 W DOUGLAS STREET 2: STE 820 CITY: WICHITA STATE: KS ZIP: 67202 BUSINESS PHONE: 3162694310 MAIL ADDRESS: STREET 1: 200 W DOUGLAS STREET 2: STE 820 CITY: WICHITA STATE: KS ZIP: 67202 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN GASOHOL REFINERS INC DATE OF NAME CHANGE: 19830807 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of Report (Date of earliest event reported) August 3, 1999. HIGH PLAINS CORPORATION (Exact name of registrant as specified in its charter) Kansas #1-8680 (State or other jurisdiction of (Commission File incorporation) Number) 200 W. Douglas #48-0901658 Suite #820 (IRS Employer Wichita, Kansas 67202 Identification No.) (Address of principal executive offices) (316) 269-4310 (Registrant's telephone number) Item 5 Other Information Wichita, Kansas - August 3, 1999 - High Plains Corporation (NASDAQ:HIPC) today announced a downsizing of its Board of Directors for purposes of creating a smaller, more active management team. Members of the restructured Board will exhibit expertise relevant to future strategic needs and the evolving direction of the Company. The restructured Board of Directors will be comprised of current Board members Daniel O. Skolness and H.T. Ritchie, whose terms expire in the Fall of 2000; and Gary R. Smith and Donald D. Schroeder, whose terms expire in 2001. Appointed as a new Director is David C. Nesbitt, President of Quest Financial Group, a private equity placement firm in Wichita, KS. Mr. Nesbitt is also President of Devlin Enterprises, a privately endowed investment holding company. Nesbitt's appointment will expire at the next Annual Meeting of the Corporation scheduled for November 16, 1999. He will also stand as the sole Director candidate for election by the shareholders at the Annual Meeting for a term that expires in 2002. Board Members Jack F. Chivers, Raymond G. Friend, Arthur Greenberg, Ronald D. Offutt and Donald M. Wright have tendered their resignations to provide more time to pursue their business and investment interests. "These changes were initiated by the Board in response to requests by numerous shareholders, and as a result of recommendations by independent consultants previously retained by the Board to provide an independent Board evaluation," stated Tom Ritchie, Chairman of the Board of Directors. "These changes will assure that the new smaller Board will operate more efficiently," he continued. "Both current and former Board members are to be commended for their help and support in completing the Board restructuring. I will continue to serve as Chairman of the Board until this November's Annual Meeting at which time I look forward to the selection of a new Chairman by the new Board," Ritchie concluded. Based in Wichita, Kansas, High Plains Corporation is among the Nation's largest producers of ethanol. The Company operates production facilities in Colwich, Kansas; York, Nebraska; and Portales, New Mexico. This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation risks of fluctuations in feedstock commodity prices, changes in the market prices or demand for motor fuels and Ethanol, legislative changes regarding air quality, fuel specifications or incentive programs, as well as general market conditions, competition and pricing. The Company believes that forward-looking statements made by it are based upon reasonable expectations. However, no assurances can be given that actual results will not differ materially from those contained in such forward-looking statements. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including its annual 10K, Proxy Statement, and quarterly 10Q filings, copies of which are available from the Company without charge. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant had duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 3, 1999 HIGH PLAINS CORPORATION /s/Gary R. Smith President & CEO -----END PRIVACY-ENHANCED MESSAGE-----