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)
May 21, 2015 (May 20, 2015)
EMERALD OIL, INC.
(Exact name of registrant as specified in its charter)
| Delaware | | 1-35097 | | 77-0639000 |
(State or other jurisdiction of
incorporation) | | (Commission File Number) | | (IRS Employer
Identification No.) |
1600 Broadway, Suite 1360
Denver, Colorado 80202
(Address of principal executive offices, including zip code)
(303) 595-5600
(Registrant’s telephone number, including area code)
(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):
| ¨ | 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)) |
Item 8.01 Other Events.
Selected Financial Data
On May 20, 2015, Emerald Oil, Inc., a Delaware corporation (the “Company”), completed a 1-for-20 reverse stock split. As a result of the reverse stock split every 20 outstanding shares of common stock became one share of common stock. The following selected financial data is based on common stock and per share data from our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, as retrospectively adjusted to reflect the reverse stock split.
Select Data from Consolidated Statements of Operations
(unaudited)
| | | Three Months Ended | | | Year Ended | |
| | | March 31, 2015 | | | March 31, 2014 | | | December 31, 2014 | | | December 31, 2013 | | | December 31, 2012 | |
| Net Income (Loss) Per Share – Basic and Diluted | | $ | (20.79 | ) | | $ | (0.50 | ) | | $ | (15.62 | ) | | $ | (15.06 | ) | | $ | (98.11 | ) |
| | | | | | | | | | | | | | | | | | | | | |
| Weighted Average Shares Outstanding – Basic and Diluted | | | 4,696,986 | | | | 3,308,594 | | | | 3,338,623 | | | | 2,069,164 | | | | 634,977 | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| | EMERALD OIL, INC. |
| | |
| | |
| | By: /s/ Ryan Smith |
| | Ryan Smith |
| | Chief Financial Officer |
Date: May 21, 2015
