Current Report Filing (8-k)
October 28 2015 - 4:17PM
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): October 28, 2015
SANDRIDGE ENERGY, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-33784 |
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20-8084793 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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123 Robert S. Kerr Avenue
Oklahoma City, Oklahoma |
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73102 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (405) 429-5500
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:
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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)) |
SandRidge Energy, Inc. (the Company) has determined to cancel
the Special Meeting of Stockholders previously scheduled on November 6, 2015 (the Special Meeting) and to delay the consideration of the matters proposed until the Companys 2016 Annual Meeting of Stockholders. The Company scheduled
the Special Meeting to consider a proposal to amend the Companys Certificate of Incorporation to effect a reverse stock split for the purpose of increasing the price of the Companys common stock in order to regain compliance with the New
York Stock Exchange (the NYSE) continued listing requirements. To regain compliance with the listing requirement, the Companys common stock must have a closing price of at least $1.00 and an average closing price of at least $1.00
over the 30 trading-day period ending on the last trading day of that month. While the Company intends to regain compliance with the listing requirement, the Board has now determined that it is in the best interests of stockholders to cancel the
Special Meeting. To the extent necessary, the Company will seek stockholder approval at its 2016 Annual Meeting of Stockholders with respect to actions it may pursue to regain compliance with the NYSE listing requirement.
As previously reported, on July 23, 2015, the Company received a notice from the NYSE that it was in noncompliance with the listing
requirement, and that it has until January 25, 2016 to regain compliance, subject to compliance with other continued listing requirements, after which the NYSE will commence suspension of trading and delisting procedures. According to the
NYSEs rules, if the Company determines that it will cure the stock price deficiency by taking an action, such as implementing a reverse stock split, that will require approval by its stockholders, the deadline will extend to promptly after its
2016 Annual Meeting of Stockholders.
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.
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SANDRIDGE ENERGY, INC.
(Registrant) |
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Date: October 28, 2015 |
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By: |
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/s/ Philip T. Warman |
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Philip T. Warman Senior Vice
President, General Counsel and Corporate Secretary |