0000867665-15-000065.txt : 20150827 0000867665-15-000065.hdr.sgml : 20150827 20150827111034 ACCESSION NUMBER: 0000867665-15-000065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150827 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20150827 DATE AS OF CHANGE: 20150827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABRAXAS PETROLEUM CORP CENTRAL INDEX KEY: 0000867665 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 742584033 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16071 FILM NUMBER: 151077679 BUSINESS ADDRESS: STREET 1: 18803 MEISNER DRIVE CITY: SAN ANTONIO STATE: TX ZIP: 78258 BUSINESS PHONE: 2104904788 MAIL ADDRESS: STREET 1: 18803 MEISNER DRIVE CITY: SAN ANTONIO STATE: TX ZIP: 78258 8-K 1 a8krlgwsalary.htm 8-K 8-K

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
August 27, 2015
Date of Report (Date of earliest event reported)
ABRAXAS PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
1-16071
74-2584033
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)
18803 Meisner Drive
San Antonio, Texas 78258
(210) 490-4788
(Address of principal executive offices and Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))


Item 5.02 Departure of Directors and Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) Robert L.G. Watson, Abraxas’ Chairman of the Board, President and CEO, voluntarily proposed, and the Compensation Committee accepted, a 20% reduction in his salary effective September 1, 2015.
    
Mr. Watson commented, “We take great pride in aligning our interests with shareholder interests.   As our shareholders continue to suffer from a difficult environment caused by falling commodity prices, the Compensation Committee and I felt the right thing to do was adjust my salary to a level more reflective of the current environment.”

Item 7.01 Regulation FD Disclosure

See Item 5.02




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.
ABRAXAS PETROLEUM CORPORATION
By: /s/ Geoffrey R. King    
Geoffrey R. King
Vice President, Chief Financial Officer

Dated: August 27, 2015