ckx20160715

0001437749-16-035287.txt : 20160715 0001437749-16-035287.hdr.sgml : 20160715 20160715161654 ACCESSION NUMBER: 0001437749-16-035287 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160511 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20160715 DATE AS OF CHANGE: 20160715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CKX LANDS, INC. CENTRAL INDEX KEY: 0000352955 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 720144530 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31905 FILM NUMBER: 161769826 BUSINESS ADDRESS: STREET 1: 700 PUJO STREET STREET 2: SUITE 200 CITY: LAKE CHARLES STATE: LA ZIP: 70601 BUSINESS PHONE: (337) 493-2399 MAIL ADDRESS: STREET 1: P O BOX 1864 CITY: LAKE CHARLES STATE: LA ZIP: 70602 FORMER COMPANY: FORMER CONFORMED NAME: CKX Lands Inc DATE OF NAME CHANGE: 20050801 FORMER COMPANY: FORMER CONFORMED NAME: CALCASIEU REAL ESTATE & OIL CO INC DATE OF NAME CHANGE: 19920703 8-K 1 ckx20160715_8k.htm FORM 8-K ckx20160715_8k.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 EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 11, 2016

CKX Lands, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Louisiana

(State or Other Jurisdiction of Incorporation)

1-31905		72-0144530
(Commission File Number)		(IRS Employer Identification No.)

1508 Hodges Street, Lake Charles, LA		70601
(Address of Principal Executive Offices)		(Zip Code)

(337) 493-2399

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

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 1.01 Entry Into a Material Definitive Agreement

On May 11, 2016, CKX Lands, Inc. (the “Company”) entered into an Agreement to Purchase and Sell Real Estate (the “Agreement”) with Mikie M. Groscurth, Carol D. Sewell, David Dartez, Marilyn Richard, Annie B. Worthy, Connie L. Latiolais, and Madelyn W. Ward to purchase approximately 880 acres of land located in Calcasieu Parish, Louisiana. Pursuant to the Agreement, the Company was not obligated to purchase the land until July 15, 2016. The Company anticipates the purchase and sale of the land will close no later than July 20, 2016.

Management has estimated that approximately $408,000 of standing timber exists on the acquired land, and that amount will be allocated to timber on the Company’s balance sheet. The remainder of the purchase price, $1,492,000, will be allocated to land on the Company’s balance sheet. In addition, 50% of all mineral rights will be conveyed to the Company on the closing date. The Company paid cash for the purchase of this land.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which will be filed as an exhibit to the Company’s 10-Q.

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.

	CKX Lands, Inc.

Date: July 15, 2016	By:	/s/ Brian R. Jones
		Brian R. Jones
		President