-----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, UunqRE5Yzyh3h39R+CdvrZvbsVWziqUEbM+zP+TRgyTPyKUac+ytRtZ+yBMhveQE z2UdC8d7N9bE1AFBhhtR/A== 0001104659-04-015398.txt : 20040524 0001104659-04-015398.hdr.sgml : 20040524 20040524163648 ACCESSION NUMBER: 0001104659-04-015398 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040524 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040524 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN GAS RESOURCES INC CENTRAL INDEX KEY: 0000856716 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] 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: 04827330 BUSINESS ADDRESS: STREET 1: 1099 18TH STREET, SUITE 1200 CITY: DENVER STATE: CO ZIP: 80202-1955 BUSINESS PHONE: 303 452 5603 MAIL ADDRESS: STREET 1: 1099 18TH STREET, SUITE 1200 CITY: DENVER STATE: CO ZIP: 80202-1955 8-K 1 a04-6319_18k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 24, 2004

 

WESTERN GAS RESOURCES, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

1-10389

 

84-1127613

(State of Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

1099 18th Street, Suite 1200, Denver, Colorado

 

80202

(Address of Principal Executive Offices)

 

(Zip Code)

 

(303) 452-5603

(Registrant’s telephone number, including area code)

 

 

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

 

 



 

Item 5.  Other Events

 

On May 24, 2004, Western Gas Resources, Inc. issued a press release announcing that its Board of Directors has approved a two-for-one split of the common stock to be distributed in the form of a stock dividend.

 

The press release is attached as an exhibit to this Form 8-K and incorporated herein by reference.

 

Item 7.  Financial Statements and Exhibits

 

(c)                                  Exhibit:

 

99                                    Press release dated May 24, 2004 announcing that Western Gas Resources, Inc. has approved a two-for-one split of its common stock.

 

2



 

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.

 

 

 

WESTERN GAS RESOURCES, INC.

 

(Registrant)

 

 

Date:  May 24, 2004

By:

 

/s/ William J. Krysiak

 

 

Name: William J. Krysiak

 

Title:  Executive Vice President and
Chief Financial Officer

 

3



 

EXHIBIT INDEX

 

Exhibit Number

 

Description

 

 

 

99

 

Press release dated May 24, 2004 announcing that Western Gas Resources, Inc. has approved a two-for-one split of its common stock.

 

4


EX-99 2 a04-6319_1ex99.htm EX-99

Exhibit 99

 

WESTERN GAS RESOURCES, INC.
ANNOUNCES TWO-FOR-ONE STOCK SPLIT
AND INCREASE IN COMMON DIVIDENDS DECLARED

 

DENVER, May 24, 2004. Western Gas Resources, Inc. (“Western”) (NYSE:WGR) announced today that its Board of Directors has approved a two-for-one split of the Company's common stock to be distributed in the form of a stock dividend.  Shareholders of the common stock will receive one additional share for every share of common stock held on the record date of June 4, 2004.  The distribution date of the stock split will be June 18, 2004.  Upon completion of the stock split, the Company will have approximately 73.6 million shares of common stock outstanding.  After the stock dividend, each share of common stock outstanding or thereafter issued will include half a Series A Junior Participating Preferred Stock purchase right.

 

In addition, the Company’s Board of Directors has declared a quarterly dividend of $0.05 per share of common stock payable to stockholders of record on June 30, 2004.  As the common dividend declared is on a post-split basis, it is a doubling of the declared dividends paid by the company in the second quarter of 2004 compared to the first quarter of 2004.  The cash dividend will be paid on August 13, 2004.

 

Peter Dea, President and Chief Executive Officer commented, “The dividend increase and stock split is a reflection of the confidence that the Board of Directors and officers have in the continued strength of Western Gas Resources.  We believe our shareholders will benefit from the increased liquidity resulting from the increase in the number of shares.  With our prospect of strong earnings and cash flow, we felt it appropriate to share additional proceeds directly with shareholders through an effective doubling of common dividends for the quarter.  The majority of our cash flow will continue to be invested in our significant inventory of unconventional gas resource play opportunities.  “

 

Company Description.  Western is an independent natural gas explorer, 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 located primarily in Wyoming, including the developing Powder River Basin coal bed methane play, where Western is a leading acreage holder and producer, and the rapidly growing Pinedale Anticline.  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 or (303) 252-6090

Email: rwirth@westerngas.com

 


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