0000788965-12-000022.txt : 20120731 0000788965-12-000022.hdr.sgml : 20120731 20120731172357 ACCESSION NUMBER: 0000788965-12-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120731 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120731 DATE AS OF CHANGE: 20120731 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: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34743 FILM NUMBER: 12997751 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 aug2012div.htm AUGUST 2012 DIVIDEND aug2012div.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): July 31, 2012 (July 31, 2012)
  
 
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 July 31, 2012 our Board of Directors declared a special cash dividend of $0.50 per common share of which there are 28,320,669 outstanding. The cash dividend will be payable August 17, 2012 to shareholders of record at the close of business August 10, 2012.
 
Furthermore, the board approved that the $.50 dividend would also apply to the 761,500 outstanding restricted stock units and to the 200,000 outstanding stock options.  The total cash payment for all the outstanding securities will be about $14.6 million.
 
Victor Stabio, our CEO, will receive a cash payment of $182,500 for his 165,000 outstanding RSUs and 200,000 outstanding stock options; Brent Bilsland, our President, will receive a cash payment of $62,500 for his 125,000 outstanding RSUs; Andy Bishop, our CFO, will receive a cash payment of $50,000 for his 100,000 outstanding RSUs and Larry Martin, the CFO of our wholly- owned subsidiary, Sunrise Coal, will receive a cash payment of $17,500 for his 35,000 outstanding RSUs.  These payments are exclusive of the cash payments the four officers will each receive pursuant to their respective stock ownership.
 
Item 9.01: Financial Statements and Exhibits
 
 (d)  Exhibit - 99  - Press Release dated July 31, 2012 - Hallador Energy Company Declares Second Special Dividend
  
 
 
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: July 31, 2012
HALLADOR ENERGY COMPANY
 
 
By:/s/W. ANDERSON BISHOP
      W. Anderson Bishop, CFO
 
 
 
GRAPHIC 2 hpetlogo.jpg begin 644 hpetlogo.jpg M_]C_X``02D9)1@`!`0$"6`)8``#_X0"217AI9@``24DJ``@````%`!H!!0`! M````2@```!L!!0`!````4@```"@!`P`!`````@```#$!`@`0````6@```&F' M!``!````:@````````!8`@```0```%@"```!````4&%I;G0N3D54('8T+C`P M``$`AI("``X```!\`````````$M-0E1?0S,U,B!1-C,`_]L`0P`!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!_]L`0P$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!_\``$0@`/@!! M`P$B``(1`0,1`?_$`!\```$%`0$!`0$!```````````!`@,$!08'"`D*"__$ M`+40``(!`P,"!`,%!00$```!?0$"`P`$$042(3%!!A-180'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JR ML[2UMK>XN;K"P\3%QL?(R;GZ.GJ\?+S]/7V]_CY M^O_$`!\!``,!`0$!`0$!`0$````````!`@,$!08'"`D*"__$`+41``(!`@0$ M`P0'!00$``$"=P`!`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)R MT0H6)#3A)?$7&!D:)B_ASX+T>3X6SV'ASX>_& M7XBZ!H6F3W7P5^%5Q=3/X2\(>,(@9KJYFGN;AVC5YIY9)I,O(S'\YU_;:_;5 M6?"_M@_M2*.F%_:,^-('Z>-,?I^%?5/_``6AG$W_``4P_:94760-3^$XSWTO M_C&GX3$L?OP[0J M8J6"IU*U9T8.4Y*C%RJ-N-W!RNTFVDNJ/Q_$Z\30A>7)*KR\J=FTY15EK;F: MV\S^KS_@D7\.?CC^T9)J7Q"^-_[6/[4OB?0=*T[0[^/P]_PT=\:QHVKCQ2AD M\-8(\:$X"+N(X#$*I..1_4!9VT5E#&(3LAC:5IB0<%\7?V)&APO[*V%KUFG/"X>$D>/_P#! M97Q[XU^'7[!_Q)\7_#+QQXS\`>,++7OA_IVD^+/`WB7Q)X,US23XD^(_A6SF MDA\0>&!]H@4Q2F%RV0Z2%26NIZ7>V5Y8_P#01^A[?A]# M]:_J[P`RK@W/C/P+Q$X?XN MX:QBJ9SD?''#=/E5VJ=6BM&KN=*I&%2">]IQBTGKN?IY^RS\%M[`>,\'9_PD^X<94C(P0*_N MP^$GPN@^%?@S3_"N^/_&7B/QEK^H.V&+R7GB6>5P"",+' ML3&=S.<$?P4?\$MR;C]KSX<'N/%?PN/K@CXV?"C'3OGZGZ\U_H<6[[MP8'$; M*O([&/!_/:,YZ$9SZ?D?B_1I87CO/,OHTXTJ-)\L:=.$:<(Q?);EA%)*[DM; M:WOIN?>8/#?4?#;@>$O^9_#B3$SF[^T=\5**523>T5!NSM9MNVUK=%6**_+S MQ?8K^9??_P`#S7WG^?9_P6L@\C_@I5^TVWVDC=J7PF.".F?V:/A,3T/X]^,= M*_)JOU,_X+:6_P!G_P""G'[4I_Y_]1^$OK_T;/\`"8?IC&/T]/RS_P!*\_\` MX^^?_3K^G7C].*_T7X`?_&"9'J[/@.5GM>7LEK;;F\M[GXWF3MG-)K1JO"Z3 MU7[Q:-GTA\8-2NK:W^">1>V7_%D_`?\`R#]2]_7U_'Z9KQ,ZWJG_`"ZZI>]^ M3J7;_P"MW]?IS7I'QHMO^2/_`&7_`$+_`(L#X#_7_A+3Q_G..:\?_P"G7_/I MT_3I_A7SWA?E>4U.$LIYZ-*[HK2.DT_6]>\^SNM!NM:^V6.I_\A#3]3\2 M?AZ?AR:]X\07.J?%'X2?\)EKVE_;/'G@?Q)_9FI:@=-/]MZKH'IC_/M7SWH_ MC;QEX2^V?\(MKWB?1;.^_P"0E_9^I?\`(5Z_I_7OQ72#XQ_%#_3,>//&G_A2 M>)/PX'^>XJN).#>(\5F619APUD7!5)<,RO:/N2E=JS:5N:6SV>IU\&\?\(X; MAW.LNXVS[CBK+B912D[S<'[OPMWY4G:VJ[=S[^_X)JZ?>Z#^U3\-_$.HV3VU MLGBWX6M?WNN+_8^D::Z_$?PH55%'!=B`JKQDD#N*_P!!%+G[59K-/MF/^AD_''^>OK7]&O\` MP1^_X*">,]7\2:+\!OB%JEE>Z#J5_/I6GC4)5M?L.HW,?EZ#K?AK0]OGV<3> M,EA\'_\`"%6TD4L=SXAM9-SHC0R?SKXO<&\88#,,YXRXB45&4XOF3]U?ZM_\517X5]9E_>Z? MR_W?/R?WOY_(_5<1_P!`N$Z?I_=\E]S\S_/U_P""V/\`RDV_:G/V;=_Q-/@9 MDGK_`,FU_"<<#KV]3S^5-O\`Z_[+W_/Z\?S_`!ZXK]5_^"V5M_QLW_:: MX_X_M2^$_P!>/V:?A./?C'U_(8K\M+BV^TS_`.B_H/J!Z>G]:_T7\._^3<<. M6=O^$ZDE)]%]7IZ^G5H_%LR3_MK-NC^L4[.VJO56J[_J>P?'"Y/_`!9^UM>< M_`#X2_E_Q5OYGG_/;S?P_P"&M>\2:K_8.@Z#?:U>?]`_P_IHUK_'I[<^WK]@ M0?`KQC\??'W[/G@/P)I=Y>7>N?!+X3:838''`'BTG/I@=S_A7]='[%'_``2> M^#7[/GA31[_X@^'-$\;^-;LIJFJV>HH=:TBQUMD+,JF94/BM.B^;XW^T2!N1 MY9&*_!,/XQY=PEPEE>6Y;*/$7$,)U7*;LE22D]79/6-]$UYRM'F:_I3COPXP M&+XLS/B#C#-JV09(J=!4\+12]KQHW3CJW*4%1IP7QU).*5U"*E4E"$_X\O\` MAD+XH>&_`_\`PL;XC&R^'W@/^TCIFI>,/[.\2:UHFE:]V\-?\)3X0\%F#Z\?PZ?9?^77\,_V;^/_`-;.?]KWK]$\+L?QGX@Y M!7X@Q_&TJ/LZ\Z*AR<-05DTI)VO&,AE^7<` MIRE"+49\7<3-W=E%247*%WH^52LKVMW]@U#X2^%]-\.>)->\+?%#1?&?]A_V M"-2T[3_#?B71O^9F_P"$3Y_X2\>GOZ>U?H;_`,$F/`'B#Q=^U/\`#_5-)^V_ M9++7O!`7/3GI7SG^Q;\(9_CQXLUSX0PVIO+CX@IX M&\/6)6_?2-&$_L+_L%>!?V0O#T%V? ML5[XUO-/6T6_T^WQHGAW;"T_B"+P^DBK<3B65,?\)1XK\W4)G$:3/';R2PR_ MEOBMQ_F6!P.>^'^96XHY)*4IRLG&S4K>;LF[+3:[5S]3R/*.&,ERW(_$R,WP MS5Q>%KJEP/#WI/BMP?"TZ[G;W:23<^:_ZZ+[C^`#_`(+8P!_^"D_[3+9X M8?"8C/I_PH[X3>F#^>/I7Y._9?L_M]A[_P"?Y=L9K^AK_@JK^Q9\5?BO^WM^ MT#XZTK7?AYIOAO79OA@(M/U'4]?.L02K\$_A/X8G9Y(/"%Q;A7;PT)E"W#D) M*N2&W*/SLM_^">7QC%Q>#_A*?AAD_P#42\28_'_BBO;^G`-?Z)>'.98->'W# MM"<)<\<'3I3T>DE1A%ZK3=-Z-[:>?X7F=#&1SJG44HZ5Z+]1CTB'4-(\2:_%JVG:CX;BOO#:ZM_IG@^VBDDGM]+T?,8D'R6\OS* MVS/],P;@]?F`Q]/?\.*_@/-\I639OG&"ARVCB)-M-O6;E).[N];I:/IMW_IG MQ"SVKQ1G[SFK*4E.G1C2A))*E3A3I05*,=$E&7-*Z3OSMMMMJ/X0_P#!P9:_ MVC^P_P"'[4?Q?'[P&W0%_P6X^#VK?&/\`8WT[0M&U/2--N-&^+O@[Q"D^M6]Q<0LQ\.^,?#10"WCE M80DM/Z:ZVM^';3U MW_@C1BY_:G\+'J?[=\$'\O$;?_6YY]17]Z4T/FM`Z]!#(1CU=`N.GJ,?2OX< M/V6/V+OVG_@#\2?"/Q4\,^*O@_?O8OXI%?T6?M7^._B3\3_P!C7PY\1O"GB[7OA&NHWG@D>(;_`,`^)M6TCQO8 M?\)WJOAO2+)_"WB>VBBEMWGL_$5QX0O%NE2'27\4-\3;F/QM)\/4^%?Q,_#O M%G*?K7BCG,H24)<03BTWM'F@J3NE\.DEKY[.UC]DEB99AP#P1S/]WD&&J4)) MKWI2G*7$CE_>;]I*/^**U5]/UN\H>O\`X\M%?A#_`,,X_P#!9_\`Z.R^!_\` LX'>'O_H*J*^'7"<=/^%I]/\`F'J].7^YY?GY7^?69PT]V73O_=\_-? EX-99 3 exh99.htm PRESS RELEASE JULY 31, 2012 exh99.htm
Exhibit 99

NEWS RELEASE
FOR IMMEDIATE RELEASE

Contact:  Becky Palumbo
               303/839-5504 ext. 316
 
 
Hallador Energy Company Declares Second Special Dividend
 
 
DENVER, COLORADO - July 31, 2012 - Hallador Energy Company (NASDAQ: HNRG).
 
Today, the Board of Directors of Hallador Energy Company (Nasdaq: HNRG), declared a special cash dividend of $0.50 per common share of which there are 28,320,669 outstanding. The cash dividend will be payable August 17, 2012 to shareholders of record at the close of business August 10, 2012.
 
Furthermore, the board approved that the $.50 dividend would also apply to the 761,500 outstanding restricted stock units and to the 200,000 outstanding stock options. The total cash payment for all the outstanding securities will be about $14.6 million.
This will make the second special dividend for 2012, the first special dividend for $.14 per share was paid April 13, 2012.
 
Victor Stabio, CEO, stated this special dividend is made possible by our strong liquidity resulting from the successful operations of the of the Sunrise Coal division. There are two reasons for declaring the dividend; (1) the Company's cash position, and (2) the prospect of higher dividend taxes in 2013 and beyond.
 
We expect to release our financial statements as of June 30, 2012 and for the three and six-month period ended June 30, 2012 by the end of the week.