Current Report Filing (8-k)
June 05 2019 - 3:57PM
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): May 30, 2019
SANDRIDGE ENERGY, INC.
(Exact Name of Registrant as Specified in Charter)
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DELAWARE
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1-33784
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20-8084793
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(State or other
jurisdiction incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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123 Robert S. Kerr Avenue
Oklahoma City, Oklahoma
(Address of principal executive offices)
(405)
429-5500
(Registrants Telephone No.)
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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☐
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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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☐
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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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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading
Symbol
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Name of Each Exchange
on Which Registered
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Common Stock, $0.001 par value
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SD
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New York Stock Exchange
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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. ☐
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
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On May 30, 2019, SandRidge Energy, Inc. (SandRidge or the Company) determined to effect the separation
of employment of Philip T. Warman from his position as Executive Vice President, General Counsel and Corporate Secretary of the Company, effective June 14, 2019. In connection with such separation, on May 30, 2019, the Company entered into
a separation agreement substantially in the form of that attached to the 2015 Form of Employment Agreement for Executive Vice Presidents and Senior Vice Presidents filed with the Securities Exchange Commission on Form
10-Q
on November 5, 2015 with the following material severance terms, which are in lieu of the severance terms provided under the employment agreement between Mr. Warman and the Company:
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A lump sum cash payment equal to $800,000;
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Immediate vesting of all outstanding awards granted under the 2016 Omnibus Incentive Plan;
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A cash payment equal to 30 days of accrued and unused paid time off; and
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Coverage for
12-months
under the Companys group health plan per the
provisions of the Consolidated Omnibus Budget Reconciliation Act beginning upon the expiration of the Executives coverage in connection with his employment.
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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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SANDRIDGE ENERGY, INC.
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Dated: June 5, 2019
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By:
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/s/ Paul D. McKinney
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Paul D. McKinney
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President and Chief Executive Officer
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