Current Report Filing (8-k)
April 06 2016 - 4:39PM
Edgar (US Regulatory)
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): March 31, 2016
DENBURY RESOURCES INC.
(Exact name of registrant as specified in its charter)
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Delaware | | 1-12935 | | 20-0467835 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
5320 Legacy Drive
Plano, Texas
(Address of principal executive offices)
75024
(Zip code)
(972) 673-2000
(Registrant’s 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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o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 8 – Other Events
Item 8.01 – Other Events
On April 6, 2016, Denbury Resources Inc. (the “Company”) issued a press release announcing that its Board of Directors (the “Board”) has selected John P. Dielwart to serve as its Chairman of the Board, succeeding Wieland F. Wettstein, a founding stockholder of the Company, who has served as Chairman of the Board since 2008 and a member of the Board since the Company’s inception in 1990. This change is part of the Company’s succession planning process. Mr. Wettstein will be standing for re-election to the Board at the upcoming Annual Meeting to further facilitate a smooth and orderly transition of the Chairmanship. A copy of the press release is filed as Exhibit 99.1 hereto.
Section 9 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits
The following exhibit is furnished in accordance with the provisions of Item 601 of Regulation S-K:
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Exhibit Number | | Description |
99.1* | | Denbury Press Release, dated April 6, 2016. |
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.
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| Denbury Resources Inc. (Registrant) |
Date: April 6, 2016 | By: | /s/ James S. Matthews |
| | James S. Matthews |
| | Senior Vice President, General Counsel and Secretary |
INDEX TO EXHIBITS
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Exhibit Number | | Description |
99.1 | | Denbury Press Release, dated April 6, 2016. |
DENBURY SELECTS NEW CHAIRMAN
PLANO, TX – April 6, 2016 – Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that its Board of Directors (the “Board”) has selected John P. Dielwart to serve as its Chairman of the Board, succeeding Wieland F. Wettstein, a founding stockholder of the Company, who has served as Chairman of the Board since 2008 and a member of the Board since the Company’s inception in 1990. This change is part of the Company’s succession planning process. Mr. Wettstein will be standing for re-election to the Board at the upcoming Annual Meeting to further facilitate a smooth and orderly transition of the Chairmanship.
Commenting on his decision, Mr. Wettstein said, “It’s been an honor and a pleasure serving as Denbury’s Chairman of the Board and having the opportunity to work with the many talented individuals who are dedicated to Denbury’s success. I’m extremely proud of Denbury’s growth over the last 26 years and look forward to what the future holds for the Company. I am confident Denbury has the leadership and vision to navigate the current low commodity price environment and succeed.”
Mr. Dielwart, the Board’s newly-appointed Chairman, commented, “I would like to extend my sincere gratitude to Wieland for his service as Denbury’s Chairman of the Board and look forward to working with him to transition the duties of Chairman. I’m honored to be the new Chairman of Denbury, and I recognize the profound responsibility that I have to the Company’s stockholders, employees and other stakeholders.”
Mr. Dielwart has been a member of the Board since 2013 and has served on the Compensation, Reserves and HSE, and Risk committees during his tenure. Mr. Dielwart is a founder and former Chief Executive Officer, as well as a current member of the board of directors, of ARC Resources Ltd. (TSX: ARX.TO) (“ARC”), a publicly traded Canadian oil and gas company. Mr. Dielwart oversaw the growth of ARC, first as its President and then as Chief Executive Officer from its startup in 1996 until his retirement in January 2013. Mr. Dielwart is currently the Vice-Chairman of ARC Financial Corp., Canada’s leading energy-focused private equity manager, a position he assumed after his retirement from ARC. Mr. Dielwart is also a member of the board of directors of Tesco Corporation (NASDAQ: TESO), a publicly traded oilfield services company, and TransAlta Corporation (TSX: TA.TO), a publicly traded electricity power generator and wholesale marketing company. Prior to joining ARC, Mr. Dielwart spent 12 years with a major Calgary-based oil and natural gas engineering consulting firm as Senior Vice President and Director. Mr. Dielwart served two separate three-year terms as a Governor of the Canadian Association of Petroleum Producers (CAPP), including 18 months (2002 to 2004) as Chairman. Mr. Dielwart is also a member of the Association
of Professional Engineers and Geoscientists of Alberta (APEGA), received a Bachelor of Science degree (with Distinction) in Civil Engineering from the University of Calgary and was inducted into the Calgary Business Hall of Fame in 2015.
Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. The Company’s goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to CO2 enhanced oil recovery operations.
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DENBURY CONTACTS:
Mark C. Allen, Senior Vice President and Chief Financial Officer, 972.673.2000
John Mayer, Investor Relations, 972.673.2383
This regulatory filing also includes additional resources:
dnr-20160406x8knewchairman.pdf
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