UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-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): July 24, 2018 (July 24, 2018)
LINN ENERGY, INC.
(Exact name of registrant specified in its charter)
| | | | |
| Delaware | | 000-51719 | | 81-5366183 |
| (State or Other Jurisdiction | | (Commission | | (I.R.S. Employer |
| Of Incorporation) | | File Number) | | Identification No.) |
| | |
600 Travis Street Houston, Texas | | 77002 |
| (Address of principal executive offices) | | (Zip Code) |
(281)840-4000
(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 Form8-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 Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
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 Rule12b-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. ☐
On July 24, 2018, Linn Energy, Inc. (the “Company”), issued a press release announcing that its board of directors (the “Board”) has approved the distribution on a pro rata basis of all of the outstanding shares of common stock of Riviera Resources, Inc. (“Riviera”) to the holders of the Company’s Class A common stock (the“Spin-Off”). Following theSpin-Off and the transactions contemplated thereby, Riviera will hold, directly or through its subsidiaries, all of thepre-spinoff assets of the Company, other than the Company’s 50% equity interest in Roan Resources LLC and certain other immaterial assets.
The Board set the record date for theSpin-Off as the close of business on August 3, 2018. TheSpin-Off is expected to occur on August 7, 2018. The Company’s Class A common stockholders will receive one share of Riviera common stock for each share of the Company’s Class A common stock they own as of the record date.
Riviera Resources, LLC previously filed with the Securities and Exchange Commission (the “Commission”) a registration statement onForm S-1 (FileNo. 333-225927) (as amended, the “Registration Statement”), in connection with theSpin-Off. TheSpin-Off is subject to the satisfaction of the conditions described in the Registration Statement. Following theSpin-Off, Riviera will be an independent reporting company, and the Company will not retain any ownership interest in Riviera.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form8-K and is incorporated herein by reference.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this Current Report on Form8-K are forward-looking and are based upon the Company’s current belief as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities that the Company plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future are forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include, but are not limited to, risks relating to uncertainties that may delay or negatively impact theSpin-Off or cause theSpin-Off to be delayed or to not occur at all, uncertainties related to the Company’s and Riviera’ ability to realize the anticipated benefits of theSpin-Off, the potential negative effects of theSpin-Off and the risk factors and known trends and uncertainties as described in the Company’s Annual Report on Form10-K as filed with the Securities and Exchange Commission. These and other important factors could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Please read “Risk Factors” in the Company’s Annual Reports on Form10-K, Quarterly Reports on Form10-Q and other public filings. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
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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| Dated: July 24, 2018 | | | | LINN ENERGY, INC. |
| | | |
| | | | By: | | /s/ Candice J. Wells |
| | | | | | Name: | | Candice J. Wells |
| | | | | | Title: | | Senior Vice President, General Counsel and Corporate Secretary |
