-----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, WD0uiebmG9w4CrT5nQrBWRn7ehvB/LCmAyLXFEQeia/nw8/lH0DEb2sU5CvmRANZ BGUpravUs5+2QT4Oec0o4Q== 0001017749-97-000027.txt : 19970715 0001017749-97-000027.hdr.sgml : 19970715 ACCESSION NUMBER: 0001017749-97-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970703 ITEM INFORMATION: Other events FILED AS OF DATE: 19970714 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROYALE ENERGY INC CENTRAL INDEX KEY: 0000864839 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 330222412 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22750 FILM NUMBER: 97640167 BUSINESS ADDRESS: STREET 1: 7676 HAZARD CENTER DR STREET 2: SUITE 1500 CITY: SAN DIEGO STATE: CA ZIP: 92108 BUSINESS PHONE: 6192978505 MAIL ADDRESS: STREET 1: ROYALE ENERGY INC STE 1500 STREET 2: 7676 HAZARD CENTER DR CITY: SAN DIEGO STATE: CA ZIP: 92108 FORMER COMPANY: FORMER CONFORMED NAME: ROYALE ENERGY FUNDS INC DATE OF NAME CHANGE: 19940318 8-K 1 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Date of Report (Date of earliest event reported): July 3, 1997 Commission File No. 0-22750 ROYALE ENERGY, INC. CALIFORNIA 33-0224120 (State or other (I.R.S. Employer jurisdiction of identification No.) incorporation or organization 7676 HAZARD CENTER DRIVE, SUITE 1500 SAN DIEGO, CA 92108 (Address of principal executive offices) Issuer's telephone number: 619-297-8505 Item 5. Other Events On July 3, 1997, a civil judgment was entered against Royale Energy, Inc. (the "Company"), for a total of $321,735.43 by the U.S. District Court for the Southern District of California, following a jury trial and verdict in Stanley L. Worthington v. Royale Energy, Inc., et al., No. 96c644CGA. In addition, the Court awarded damages against the Company's chairman, Harry E. Hosmer, and president, Donald H. Hosmer, in amounts of $183,336.00 each. The judgement includes an award of court costs and post judgement interest. The court's award was based on jury findings of breach of contract and common law fraud concerning the plaintiff's 1990 and 1991 investment in wells drilled by the Company in Hood County Texas. The evidence presented at trial indicated that, among other things, a former salesman had made representations to the plaintiff which the Company did not authorize. Prior to trial, allegations made by the plaintiff concerning violations of federal and state securities laws had been dismissed by the Court. Prior to entry of the verdict, the court also dismissed the complaint against 2 the other co-defendants, two independent directors and one former officer of the Company. The Company strongly disagrees with the verdict and has announced its intent to move for a new trial and to appeal the judgement. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ROYALE ENERGY INC, DATE: OCTOBER 28, 1996 /S/ DONALD H. HOSMER DONALD H. HOSMER, PRESIDENT AND CHIEF EXECUTIVE OFFICER -2- -----END PRIVACY-ENHANCED MESSAGE-----