Current Report Filing (8-k)
December 27 2017 - 2:43PM
Edgar (US Regulatory)
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): December 22, 2017
EXCO RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Commission
File
No. 001-32743
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Texas
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74-1492779
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(State or other jurisdiction
of incorporation)
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(I.R.S. Employer
Identification No.)
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12377 Merit Drive
Suite 1700
Dallas,
Texas
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75251
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(Address of principal executive offices)
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(Zip Code)
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(214)
368-2084
(Registrants telephone number, including area code)
Not Applicable
(Former
name or former address, if changed since last report)
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):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to
Rule 14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to
Rule 14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to
Rule 13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange
Act of 1934
(§240.12b-2
of this chapter)
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 3 Securities and Trading Markets
Item 3.01
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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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On December 22, 2017, EXCO Resources, Inc. (the
Company
) received a notice (the
Notice
) from the New York Stock Exchange (the
NYSE
) stating that the NYSE has determined to commence proceedings to delist the Companys common shares from the NYSE as a result of the
Companys failure to maintain an average global market capitalization over a consecutive 30
trading-day
period of at least $15 million pursuant to Section 802.01B of the NYSE Listed Company
Manual. The NYSE also suspended the trading of the Companys common shares at the close of trading on December 22, 2017.
Under
the NYSE Listed Company Manual, the Company has a right to appeal this determination, provided a written request for such appeal is submitted to the NYSE within ten business days after receiving the notice of delisting. The Company has decided not
to seek an appeal.
The Companys common shares commenced trading on the OTC Pink Marketplace under the symbol XCOO on
December 27, 2017. The Company can provide no assurance that its common shares will commence or continue to trade on this market, whether broker-dealers will continue to provide public quotes of the Companys common shares on this market
or whether the trading volume of the Companys common shares will be sufficient to provide for an efficient trading market.
Section 7
Regulation FD
Item 7.01
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Regulation FD Disclosure.
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On December 27, 2017, the Company issued a press release
announcing the receipt of the Notice. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
Section 9 Financial Statements and Exhibits
Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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EXCO RESOURCES, INC.
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Date: December 27, 2017
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By:
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/s/ Heather L. Lamparter
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Name:
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Heather L. Lamparter
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Title:
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Vice President, General Counsel and Secretary
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