UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest reported event): December 30, 2015
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POSTROCK ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
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Commission File No. 001-34635
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| Delaware | 27-0981065 | |
| (State or other jurisdiction of Incorporation or organization) | (I.R.S. Employer Identification No.) | |
| 210 Park Avenue Oklahoma City, Oklahoma (Address of Principal Executive Offices) | 73102 (Zip Code) | |
Registrant’s Telephone Number, including Area Code: (405) 600-7704
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| 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: | |
| [ ] 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 1.01Entry into a Material Definitive Agreement.
On December 30, 2015, PostRock Energy Corporation (“PostRock”) closed the sale of certain of its Oklahoma assets for $12.9 million to Jericho Buckmanville Oil LLC pursuant to the Purchase and Sale Agreement (the “PSA”) it executed on November 18, 2015. The net proceeds were used to pay down debt under PostRock’s revolving credit facility.
As previously announced, in February 2015, PostRock engaged Evercore Group L.L.C. to assist the board of directors in evaluating its strategic alternatives which include, among other things, merging or selling PostRock and/or selling operating assets. This transaction is a result of this evaluation.
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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| POSTROCK ENERGY CORPORATION |
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| /s/ Casey E. Bigelow |
| Casey E. Bigelow |
| Chief Accounting Officer, Secretary and Treasurer |
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Date: January 5, 2016 | |
