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: April 26, 2013
(Date of earliest event reported)
Arête Industries, Inc.
(Exact name of registrant as specified in its charter)
COLORADO | 33-16820-D | 84-1508638 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
7260 Osceola Street
Westminster, CO 80030
(Address of principal executive offices) (Zip Code)
(303) 427-8688
(Registrants telephone number, including area code)
N/A
(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-14(c)). |
ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 26, 2013, the Board of Directors (the Board) of Arête Industries, Inc. (the Company) appointed Nicholas L. Scheidt as Chief Executive Officer of the Company. Mr. Scheidt was appointed to fill a vacancy created by the resignation of Donald W. Prosser as Chairman and Chief Executive Officer on April 26, 2013. Mr. Prosser continues to serve the Company as its interim Chief Financial Officer. Mr. Prossers resignation was not the result of any disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Companys operations, policies or practices.
Information on Mr. Scheidt, age 52, is as follows: Mr. Scheidt has served as President and Chairman of Apex Financing Services Corp aka Apex Realty Investments Inc. since 1983; he has served on the Board of Directors of Truck Wash Inc. since 1989; he has served on the Board of Directors of Out Reach Housing Corporation since 1992 and he has served as Chief Financial Officer of Truck Wash Inc. since 1995. Mr. Scheidt joined the Board on November 21, 2012.
Section 8.01 Other Events
On May 1, 2013, the Company issued a press release announcing the appointment of Mr. Scheidt as Chief Executive Officer. A copy of this press release is attached as Exhibit 99.1 hereto. The reader is advised to read this press release in its entirety.
Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits |
The Exhibits listed below are furnished as Exhibits to this Current Report on Form 8-K.
Exhibit No. |
Description | |
99.1 | Press Release dated May 1, 2013 |
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.
ARÊTE INDUSTRIES, INC. | ||||||
Dated: May 3, 2013 | ||||||
By: | /s/ Nicholas L. Scheidt | |||||
Name: | Nicholas L. Scheidt | |||||
Title: | Chief Executive Officer |
Exhibit 99.1
Arête Industries Appoints new CEO
Wednesday, May 1, 2013
WESTMINSTER, Colo., May 1, 2013 - Arête Industries, Inc. (OTCQB: ARET - News), announced today that it has appointed a new Chief Executive Officer.
On April 26, 2013, Arêtes Board of Directors appointed Nicholas L. Scheidt as its Chief Executive Officer. Mr. Scheidt was appointed to fill a vacancy created by the resignation of Donald W. Prosser as Chairman and Chief Executive Officer effective April 26, 2013. Mr. Prosser remains as the Companys Interim Chief Financial Officer. Mr. Prossers resignation was not the result of any disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Companys operations, policies or practices.
Information on Mr. Scheidt, age 52, is as follows: Mr. Scheidt has served as President and Chairman of Apex Financial Services Corp aka Apex Realty Investments Inc. since 1983; he has served on the Board of Directors of Truck Wash Inc. since 1989; he has served on the Board of Directors of Out Reach Housing Corporation since 1992 and he has served as Chief Financial Officer of Truck Wash Inc. since 1995. Mr. Scheidt joined the Companys Board on November 21, 2012.
About Arête Industries
The Company holds oil and gas properties in the Rocky Mountain Region of the United States. For additional information on the Company visit our website at: http://www.areteindustries.com
SAFE HARBOR
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this report, such as statements regarding our future expectations to increase our production are forward-looking statements (often, but not always, using words such as expects, anticipates, plans, estimates, potential, possible, probable, or intends, or stating that certain actions, events or results may, will, should, or could be taken, occur or be achieved). Forward-looking statements are based on our current expectations and assumptions about future events and involve inherent risks and uncertainties. These risks include, but are not limited to, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition and government regulation or other actions. Additional information on these and other factors which could affect Arêtes operations or financial results are included in Arêtes reports on file with the Securities and Exchange Commission. Such factors (many of which are beyond our control) could cause actual results to differ materially from those set forth in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. Arête undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in Arêtes expectations.