0000895126-06-000175.txt : 20060606 0000895126-06-000175.hdr.sgml : 20060606 20060606173036 ACCESSION NUMBER: 0000895126-06-000175 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20060602 ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060606 DATE AS OF CHANGE: 20060606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHESAPEAKE ENERGY CORP CENTRAL INDEX KEY: 0000895126 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 731395733 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13726 FILM NUMBER: 06890041 BUSINESS ADDRESS: STREET 1: 6100 N WESTERN AVE CITY: OKLAHOMA CITY STATE: OK ZIP: 73118 BUSINESS PHONE: 4058488000 MAIL ADDRESS: STREET 1: 6100 NORTH WESTERN AVE CITY: OKLAHOMA CITY STATE: OK ZIP: 73118 8-K 1 chk06062006_exchoffer.htm 4.125%_5.00% (2003) PREFER STOCK E/O

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 (Date of earliest event reported)

June 6, 2006 (June 2, 2006)

CHESAPEAKE ENERGY CORPORATION

(Exact name of Registrant as specified in its Charter)

Oklahoma		1-13726		73-1395733
(State or other jurisdiction of incorporation)		(Commission File No.)		(IRS Employer Identification No.)

6100 North Western Avenue, Oklahoma City, Oklahoma		73118
(Address of principal executive offices)		(Zip Code)

(405) 848-8000

(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):

[_]	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-4(c))

Section 3 – Securities and Trading Markets

Item 3.02 Unregistered Sales of Equity Securities

Effective June 2, 2006, Chesapeake Energy Corporation (the “Company”) completed an offer to exchange each outstanding share of its 4.125% Cumulative Convertible Preferred Stock, par value $0.01per share, for 63.0444 shares of the Company’s Common Stock, par value $0.01 per share. The Company issued 5,248,126 shares of Common Stock in exchange for 83,245 shares of the 4.125% preferred stock, representing 96.4% or $83.245 million of the aggregate liquidation value of the Company’s 4.125% preferred stock. The transaction closed on June 2, 2006 and the 83,245 shares of preferred stock were retired upon receipt. The issuance of shares of common stock in this transaction was exempt from registration under the Securities Act of 1933 pursuant to Rule 3(a)(9) under the Securities Act. The Company announced the results of this exchange offer in a press release dated June 2, 2006. This press release is attached hereto as Exhibit 99.1.

Effective June 2, 2006, the Company also completed an offer to exchange each outstanding share of its 5.00% Cumulative Convertible Preferred Stock (Series 2003), par value $0.01per share, for 6.1847 shares of the Company’s Common Stock, par value $0.01 per share. The Company issued 4,972,786 shares of Common Stock in exchange for 804,048 shares of the 5.00% (2003) preferred stock, representing 95.4% or $80.4 million of the aggregate liquidation value of the Company’s 5.00% (2003) preferred stock. The transaction closed on June 2, 2006 and the 804,048 shares of preferred stock were retired upon receipt. The issuance of shares of common stock in this transaction was exempt from registration under the Securities Act of 1933 pursuant to Rule 3(a)(9) under the Securities Act. The Company announced the results of this exchange offer in a press release dated June 2, 2006. This press release is attached hereto as Exhibit 99.2.

Section 5 – Corporate Governance and Management

Item 5.03 Amendments to Articles of Incorporation.

Effective June 2, 2006, the Company filed a Certificate of Elimination with the Oklahoma Secretary of State retiring 83,245 shares of its 4.125% Cumulative Convertible Preferred Stock, par value $0.01 per share. Such shares of 4.125% Preferred Stock were acquired by the Company as the result of the exchange offer described under Item 3.02 to exchange its common stock for the 83,245 shares of 4.125% Preferred Stock. The Certificate of Elimination is attached hereto as Exhibit 3.1.1.

Effective June 2, 2006, the Company filed a Certificate of Elimination with the Oklahoma Secretary of State retiring 804,048 shares of its 5.0% Cumulative Convertible Preferred Stock (Series 2003), par value $0.01 per share. Such shares of 5.0% Preferred Stock (2003) were acquired by the Company as the result of the exchange offer described under Item 3.02 to exchange its common stock for the 804,048 shares of 5.0% Preferred Stock (2003). The Certificate of Elimination is attached hereto as Exhibit 3.1.2.

Section 9 – Financial Statements and Exhibits
Item 9.01 Final Statements and Exhibits.

	(c)	Exhibits

Exhibit No.			Document Description

3.1.1			Certificate of Elimination dated June 2, 2006- 4.125% Cumulative Convertible Preferred Stock

3.1.2			Certificate of Elimination dated June 2, 2006- 5.0% Cumulative Convertible Preferred Stock (Series 2003)

99.1			Press Release dated June 2, 2006 announcing final results of 4.125% Cumulative Convertible Preferred Stock exchange offer

99.2			Press Release dated June 2, 2006 announcing final results of 5.00% Cumulative Convertible Preferred Stock (Series 2003) exchange offer

SIGNATURE

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.

CHESAPEAKE ENERGY CORPORATION

By:

/s/ Aubrey K. McClendon

Aubrey K. McClendon

Chairman of the Board and

Chief Executive Officer

Date:

June 6, 2006

EXHIBIT INDEX
Exhibit No.		Document Description

3.1.1		Certificate of Elimination dated June 2, 2006- 4.125% Cumulative Convertible Preferred Stock

3.1.2		Certificate of Elimination dated June 2, 2006- 5.0% Cumulative Convertible Preferred Stock (Series 2003)

99.1		Press Release dated June 2, 2006 announcing final results of 4.125% Cumulative Convertible Preferred Stock exchange offer

99.2		Press Release dated June 2, 2006 announcing final results of 5.00% Cumulative Convertible Preferred Stock (Series 2003) exchange offer

EX-3.(I) 2 chk06062006_exh311.htm CERTIF OF ELIM_4.125% CUM CONV PREFER STOCK

Exhibit 3.1.1

CERTIFICATE OF ELIMINATION

Chesapeake Energy Corporation (the “Corporation”), a corporation organized and existing under the Oklahoma General Corporation Act,

DOES HEREBY CERTIFY:

FIRST: That the Corporation has acquired 83,245 shares of its 4.125% Cumulative Convertible Preferred Stock, par value $.01 per share (the “Acquired Shares”).

SECOND: That the Board of Directors of the Corporation has adopted resolutions retiring the Acquired Shares.

THIRD: That the Certificate of Designation for the 4.125% Cumulative Convertible Preferred Stock (the “Certificate of Designation”) prohibits the reissuance of shares when so retired and, pursuant to the provisions of Section 1078 of the Oklahoma General Corporation Act, upon the date of the filing of this Certificate of Elimination, the Certificate of Designation shall be amended so as to reduce the number of authorized shares of the 4.125% Cumulative Convertible Preferred Stock by 83,245 shares, being the total number of the Acquired Shares retired by the Board of Directors. Accordingly, the number of authorized but undesignated shares of preferred stock of the Company shall be increased by 83,245 shares. The retired Acquired Shares have a par value of $.01 per share and an aggregate par value of $832.45.

IN WITNESS WHEREOF, the Corporation has caused this Certificate to be executed by its Treasurer and Senior Vice President-Human Resources, and attested to by its Secretary, this 2^nd day of June, 2006.

CHESAPEAKE ENERGY CORPORATION


		By:	/s/ MARTHA A. BURGER
			Martha A. Burger
			Treasurer & Senior Vice President-
			Human Resources

ATTEST:


	/s/ JENNIFER M. GRIGSBY
	Jennifer M. Grigsby
	Secretary

EX-3.(I) 3 chk06062006_exh312.htm CERTIF OF ELIM_5.00% (2003) CUM CONV PREFER STOCK

EXHIBIT 3.1.2

CERTIFICATE OF ELIMINATION

Chesapeake Energy Corporation (the “Corporation”), a corporation organized and existing under the Oklahoma General Corporation Act,

DOES HEREBY CERTIFY:

FIRST: That the Corporation has acquired 804,048 shares of its 5.0% Cumulative Convertible Preferred Stock (Series 2003), par value $.01 per share (the “Acquired Shares”).

SECOND: That the Board of Directors of the Corporation has adopted resolutions retiring the Acquired Shares.

THIRD: That the Certificate of Designation for the 5.0% Cumulative Convertible Preferred Stock (Series 2003) (the “Certificate of Designation”) prohibits the reissuance of shares when so retired and, pursuant to the provisions of Section 1078 of the Oklahoma General Corporation Act, upon the date of the filing of this Certificate of Elimination, the Certificate of Designation shall be amended so as to reduce the number of authorized shares of the 5.0% Cumulative Convertible Preferred Stock (Series 2003) by 804,048 shares, being the total number of the Acquired Shares retired by the Board of Directors. Accordingly, the number of authorized but undesignated shares of preferred stock of the Company shall be increased by 804,048 shares. The retired Acquired Shares have a par value of $.01 per share and an aggregate par value of $8,040.48.

CHESAPEAKE ENERGY CORPORATION


		By:	/s/ MARTHA A. BURGER
			Martha A. Burger
			Treasurer & Senior Vice President
			Human Resources

ATTEST:


	/s/ JENNIFER M. GRIGSBY
	Jennifer M. Grigsby
	Secretary

EX-99 4 chk06062006_exh991.htm PRESS RELEASE-FINAL RESULTS 4.125% E/O

EXHIBIT 99.1

N e w s R e l e a s e

Chesapeake Energy Corporation

P. O. Box 18496

Oklahoma City, OK 73154

FOR IMMEDIATE RELEASE
JUNE 2, 2006

CONTACTS:

JEFFREY L. MOBLEY, CFA

SENIOR VICE PRESIDENT -

INVESTOR RELATIONS AND RESEARCH

(405) 767-4763

MARC ROWLAND

EXECUTIVE VICE PRESIDENT

AND CHIEF FINANCIAL OFFICER

(405) 879-9232

CHESAPEAKE ENERGY CORPORATION ANNOUNCES FINAL RESULTS OF 4.125% CUMULATIVE CONVERTIBLE PREFERRED

STOCK EXCHANGE OFFER

OKLAHOMA CITY, OKLAHOMA, JUNE 2, 2006 – Chesapeake Energy Corporation (NYSE:CHK) today announced the final results of its previously announced offer to exchange 63.0444 shares of its common stock for each outstanding share of its 4.125% Cumulative Convertible Preferred Stock (the “Preferred Stock”) (CUSIP Nos. 165167875 and 165167883). The exchange offer expired at 5:00 p.m. New York City Time on Thursday, June 1, 2006.

Chesapeake issued 5,248,126 shares of its common stock in exchange for 83,245 shares, or 96.4%, of its outstanding 4.125% Cumulative Convertible Preferred Stock tendered in the exchange offer. 3,065 shares of the Preferred Stock remained outstanding at the expiration of the exchange offer.

The exchange offer was made pursuant to an offer to exchange and related letter of transmittal, copies of which may be obtained without charge from the information agent for the exchange offer, Global Bondholder Services Corporation, who may be reached at 866-924-2200 (US toll-free) and 212-430-3774 (collect). The offer to exchange and other related documents filed with the Securities and Exchange Commission on Schedule TO may be obtained for free at the Commission’s web site, http://www.sec.gov.

Chesapeake Energy Corporation is the second largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions of the United States. The company’s Internet address is www.chkenergy.com.

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Exhibit 99.2

N e w s R e l e a s e

Chesapeake Energy Corporation

P. O. Box 18496

Oklahoma City, OK 73154

FOR IMMEDIATE RELEASE
JUNE 2, 2006

CONTACTS:

JEFFREY L. MOBLEY, CFA

SENIOR VICE PRESIDENT -

INVESTOR RELATIONS AND RESEARCH

(405) 767-4763

MARC ROWLAND

EXECUTIVE VICE PRESIDENT

AND CHIEF FINANCIAL OFFICER

(405) 879-9232

CHESAPEAKE ENERGY CORPORATION ANNOUNCES FINAL RESULTS OF

5.00% CUMULATIVE CONVERTIBLE PREFERRED

STOCK EXCHANGE OFFER

OKLAHOMA CITY, OKLAHOMA, JUNE 2, 2006 – Chesapeake Energy Corporation (NYSE:CHK) today announced the final results of its previously announced offer to exchange 6.1847 shares of its common stock for each outstanding share of its 5.00% Cumulative Convertible Preferred Stock (Series 2003) (NYSE:CHKPrB, the “Preferred Stock”) (CUSIP No. 165167800). The exchange offer expired at 5:00 p.m. New York City Time on Thursday, June 1, 2006.

Chesapeake issued 4,972,786 shares of its common stock in exchange for 804,048 shares, or 95.4%, of its outstanding 5.00% Cumulative Convertible Preferred Stock (Series 2003) tendered in the exchange offer. 38,625 shares of the Preferred Stock remained outstanding at the expiration of the exchange offer.