0000788965-11-000022.txt : 20110527 0000788965-11-000022.hdr.sgml : 20110527 20110526181955 ACCESSION NUMBER: 0000788965-11-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110525 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110527 DATE AS OF CHANGE: 20110526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HALLADOR ENERGY CO CENTRAL INDEX KEY: 0000788965 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE MINING [1220] IRS NUMBER: 841014610 STATE OF INCORPORATION: CO FISCAL YEAR END: 1224 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34743 FILM NUMBER: 11875615 BUSINESS ADDRESS: STREET 1: 1660 LINCOLN ST STE 2700 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 3038395505 MAIL ADDRESS: STREET 1: 1660 LINCOLN STREET STREET 2: SUITE 2700 CITY: DENVER STATE: CO ZIP: 80264 FORMER COMPANY: FORMER CONFORMED NAME: HALLADOR PETROLEUM CO DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: KIMBARK OIL & GAS CO /CO/ DATE OF NAME CHANGE: 19900102 FORMER COMPANY: FORMER CONFORMED NAME: KIMBARK INC DATE OF NAME CHANGE: 19860624 8-K 1 dividend2011.htm 2011 ANNUAL MEETING AND DIVIDEND dividend2011.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 26, 2011 (May 25, 2011)
 
 
HALLADOR ENERGY COMPANY
(Exact name of registrant as specified in its charter)
 
Colorado
001-3473
84-1014610
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
  
    1660 Lincoln Street, Suite 2700, Denver Colorado
  
80264-2701
           (Address of principal executive offices)
  
(Zip Code)
  
Registrant’s telephone number, including area code: 303-839-5504
 
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:
 
r
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
r
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
r
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
r
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
   
 
 
 
1
 
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On May 25, 2011 our Board of Directors declared a special cash dividend of $0.12 per common share of which there are 28,135,620 outstanding. The cash dividend will be payable June 17, 2011 to shareholders of record at the close of business June 3, 2011
 
Furthermore, the board approved that the $.12 dividend would also apply to the 858,000 outstanding restricted stock units and to the 200,000 outstanding stock options.  The total cash payment for all the outstanding securities will be about $3.5 million.
 
Victor Stabio, our CEO, will receive a cash payment of $53,700 for his 247,500 outstanding RSUs and 200,000 outstanding stock options; Brent Bilsland, our President, will receive a cash payment of $22,500 for his 187,500 outstanding RSUs; Andy Bishop, our CFO, will receive a cash payment of $18,000 for his 150,000 outstanding RSUs and Larry Martin, the CFO of our wholly- owned subsidiary, Sunrise Coal, will receive a cash payment of $3,000 for his 25,000 outstanding RSUs.  These payments are exclusive of the cash payments the four officers will each receive pursuant to their respective stock ownership.
 
Item 5.07:  Submission of Matters to a Vote of Security Holders
 
We held our annual meeting of shareholders on May 25, 2011. Of the 28,135,620 shares of common stock outstanding on the record date, 26,680,458 shares were present at the meeting in person or by proxy, representing approximately 95% of the total outstanding shares eligible to vote. The final results for each of the matters submitted to a vote of shareholders at the annual meeting are as follows:
 
Item 1:  Election of Directors
  
           For
  
 Withheld
  
Abstain
  
Brent K. Bilsland
  
25,645,851
  
4,305
  
1,030,302
  
David Hardie
  
25,646,903
  
3,253
  
1,030,302
  
Steven Hardie
  
25,646,903
  
3,253
  
1,030,302
  
Bryan Lawrence
  
25,596,438
  
53,718
  
1,030,302
  
Sheldon Lubar
  
25,643,951
  
6,205
  
1,030,302
  
Victor P. Stabio
  
25,646,841
  
3,315
  
1,030,302
  
John Van Heuvelen
  
25,646,903
  
3,253
  
1,030,302
  
               
Item 2:  Ratification and Approval of Amendment to the Articles of Incorporation to Change the Name of the Company to From Hallador Petroleum Company to Hallador Energy Company
  
26,679,927
  
62
  
469
  
               
Item 3:  Ratification and Approval of Amendment to the Articles of Incorporation to permit action by shareholders by less than unanimous written consent
  
26,385,059
  
269,608
  
25,791
  
 
 
 
2
 

 
Item 9.01: Financial Statements and Exhibits
 
 (d)  Exhibits
  
99 -  
 
Hallador Energy Declares Special Dividend of $0.12 Per Share and Will Also Participate in a Non-Deal Road Show Sponsored By FBR
 
 
 
SIGNATURE
 
 
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.
 
 
 
 
Date: May 26, 2011
HALLADOR ENERGY COMPANY
 
 
By:/s/W. ANDERSON BISHOP
      W. Anderson Bishop, CFO
 
 
 
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Exhibit 99
 
 
 
 
 
Hallador Energy Company
1660 Lincoln Street, Suite 2700
Denver, CO 80264
303.839.5504 ext. 316

FOR IMMEDIATE RELEASE

NEWS RELEASE Contact:  Rebecca Palumbo


HALLADOR ENERGY DECLARES SPECIAL DIVIDEND OF $0.12 PER SHARE
AND WILL ALSO PARTICIPATE IN A NON-DEAL ROAD SHOW SPONSORED BY FBR

Denver, Colorado - May 25, 2011

The board of directors of Hallador Energy Company today declared a special cash dividend on its common stock of $0.12 per share of which there are 28,135,620 outstanding. The dividend is payable on June 17, 2011 to holders of record on June 3, 2011.

The $.12 dividend also applies to the 858,000 outstanding restricted stock units and to the 200,000 outstanding stock options.  The total cash payment for all the outstanding securities will be about $3.5 million.

“As we said last year at this time when we paid a special ten cent dividend, we are very proud and excited to again be in strong financial shape to pay a special dividend and to also increase it by 20%,” said Andy Bishop, CFO.   We expect the dividend to be treated as a qualified dividend for income tax purpose for the recipient.  Next spring we will evaluate our cash position and funding requirements and decide if we can pay another dividend.”

During the week of June 13, 2011 we will be on the road giving presentations primarily to institutional investors in Baltimore, New York City, Boston and Chicago.  We plan to file a copy of the presentation materials with the SEC on Friday June 10 and to post such on our web site.  FBR Capital Markets & Co. is the main sponsor of the non-deal road show.

Through our wholly-owned subsidiary, Sunrise Coal, we operate an underground coal mine in Southwest Indiana.

For more information please visit both of our websites, www.halladorenergy.com or www.sunrisecoal.com.

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