-----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, Vj4tCdha/YodIwOv5+7N2ePfvBJSFQjvMqHtOrd7ndP09B2gILdnIlm4xiSee2Ir nrmeKWwuTYveGrWPXmWePw== 0001047469-02-004473.txt : 20021126 0001047469-02-004473.hdr.sgml : 20021126 20021126123826 ACCESSION NUMBER: 0001047469-02-004473 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021126 ITEM INFORMATION: Other events FILED AS OF DATE: 20021126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN GAS RESOURCES INC CENTRAL INDEX KEY: 0000856716 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 841127613 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10389 FILM NUMBER: 02840517 BUSINESS ADDRESS: STREET 1: 12200 N PECOS ST CITY: DENVER STATE: CO ZIP: 80234-3439 BUSINESS PHONE: 3034525603 MAIL ADDRESS: STREET 1: 12200 NORTH PECOS ST CITY: DENVER STATE: CO ZIP: 80234 8-K 1 a2094465z8-k.htm 8-K
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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)   November 26, 2002
(November 26, 2002)

WESTERN GAS RESOURCES, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation)
  1-10389
(Commission
File Number)
  84-1127613
(I.R.S. Employer
Identification No.)

 

 

 

 

 
12200 N. Pecos Street Denver, Colorado   80234-3439
(Address of principal executive offices)   (Zip Code)

(303) 452-5603
(Registrant's telephone number, including area code)

No Changes
(Former name or former address, if changed since last report).





ITEM 5. OTHER EVENTS

        Western Gas Resources, Inc. (the "Company") (NYSE: WGR) announced on November 26, 2002 that it has called for redemption all outstanding shares of its $2.28 Cumulative Preferred Stock, $.10 par value (the "Preferred Stock"). The redemption date of the Preferred Stock will be December 27, 2002 (the "Redemption Date"), and the redemption price will be $25.00 per share of Preferred Stock, plus all dividends (whether or not earned or declared) accumulated and unpaid to, but not including, the Redemption Date (i.e., the redemption price will be $25.56398 per share of Preferred Stock) (the "Redemption Price"). The redemption of the Preferred Stock is being effected pursuant to paragraph (v) of the Certificate of Designation of the Preferred Stock.

        On or before the Redemption Date, the funds necessary for the redemption of the outstanding shares of Preferred Stock will have been set aside by the Company in trust for the pro rata benefit of the holders of the shares of the Preferred Stock called for redemption. Subject to the applicable escheat laws, any moneys so set aside by the Company and unclaimed at the end of two years from the Redemption Date will revert to the general funds of the Company, after which reversion the holders of the shares of the Preferred Stock called for redemption may look only to the general funds of the Company for the payment of the Redemption Price.

        Notwithstanding that any certificates representing the Preferred Stock called for redemption (the "Certificates") have not been surrendered for cancellation, on and after the Redemption Date, the Preferred Stock will no longer be deemed to be outstanding, dividends on the Preferred Stock will cease to accrue, and all rights of the holders of the Preferred Stock will cease, except for the right to receive the Redemption Price, without interest thereon, upon surrender of the Certificates.

        The Company has applied to the New York Stock Exchange for delisting of the Preferred Stock, effective on the Redemption Date or shortly thereafter.

        As of November 13, 2002, approximately 546,846 shares of the Preferred Stock were outstanding. The notice of redemption and related materials will be mailed to registered holders of the Preferred Stock called for redemption on or about November 26, 2002. Shares of the Preferred Stock called for redemption are to be surrendered to EquiServe, as redemption agent, for payment of the Redemption Price, by mail, by hand or by overnight delivery at the addresses set forth in the letter of transmittal that will accompany the notice of redemption. Questions relating to, and requests for additional copies of, the notice of redemption and the related materials should be directed to the redemption agent at EquiServe Trust, at 1-800-736-3001.

        Western is a leading independent gas producer, gatherer, processor, transporter and energy marketer providing a broad range of services to its customers from the wellhead to the sales delivery point. The Company's producing properties are based primarily in Wyoming, including the developing Powder River Basin coal bed methane play, where Western is a leading acreage holder and producer. The Company also designs, constructs, owns and operates natural gas gathering, processing and treating facilities in major gas-producing basins in the Rocky Mountain, Mid-Continent and West Texas regions of the United States. For additional Company information, visit Western's Web site at www.westerngas.com.

Investor Contact:   Ron Wirth, Director of Investor Relations,
(800) 933-5603
e-mail: rwirth@westerngas.com

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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, thereunto duly authorized.

    WESTERN GAS RESOURCES, INC.
(REGISTRANT)

Date: November 26, 2002

 

By:

/s/  
WILLIAM J. KRYSIAK      
William J. Krysiak
Executive Vice President/Chief Financial
Officer
(Principal Financial and
Accounting Officer)

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