Item 1.02 Termination of a Material Definitive Agreement
As previously disclosed, on November 27, 2013, Hyde Park Acquisition Corp. II (“Hyde Park”), Santa Maria Energy Corporation (“Santa Maria Energy Corporation”), HPAC Merger Sub, Inc. (“HPAC Merger Sub”), SME Merger Sub, LLC (“SME Merger Sub”) and Santa Maria Energy Holdings, LLC (“Santa Maria Energy”) entered into an Agreement and Plan of Merger (as amended, the “Merger Agreement” and the transactions contemplated thereby, the “Merger”). The Merger Agreement provided that it could be terminated by Hyde Park or Santa Maria Energy if the Merger was not completed on or prior to May 1, 2014, subject to certain limitations. On May 2, 2014, Santa Maria Energy terminated the Merger Agreement as a result of the Merger not being completed on or prior to May 1, 2014.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
As previously disclosed, the continued listing of Hyde Park’s common stock on the Nasdaq Capital Market was subject to the condition that, among other things, the Merger was completed on or before May 1, 2014. On May 1, 2014, Nasdaq notified Hyde Park that, as a result of the Merger not being completed on or before May 1, 2014, trading in Hyde Park’s common stock would be suspended effective as of the open of business on May 5, 2014, and that Hyde Park’s common stock would be delisted from the Nasdaq Capital Market upon expiration of all applicable appeal periods.
Item 5.07. Submission of Matters to a Vote of Security Holders
On April 30, 2014, Hyde Park reconvened a special meeting of stockholders (the “Special Meeting”) at which the Company’s stockholders voted to adopt and approve a proposal (the “April 30 Adjournment Proposal”) to adjourn the Special Meeting. The Special Meeting was adjourned until 3:00 p.m., eastern time, on May 1, 2014, at which time the Company’s stockholders voted to adopt and approve a proposal (the “May 1 Adjournment Proposal”) to further adjourn the meeting until May 9, 2014 at 9:00 a.m., at its original location, the offices of Katten Muchin Rosenman LLP, 575 Madison Avenue, 11th Floor, New York, New York 10022. Hyde Park did not hold a vote with respect to the Merger Agreement because Hyde Park had received conversion requests in excess of the amount that would have permitted Hyde Park to satisfy the minimum cash condition in the Merger Agreement. The votes cast with respect to the April 30 Adjournment Proposal and the May 1 Adjournment Proposal were as follows:
| FOR | AGAINST | ABSTAIN |
| 7,640,217 | 2,189,512 | 18,000 |
Item 8.01 Other Events
As required by Hyde Park’s Amended and Restated Certificate of Incorporation, from and after May 1, 2014, Hyde Park ceased all operations except for the purposes of winding up, and, effective May 6, 2014, will redeem 100% of the shares of common stock issued in its initial public offering (“IPO Shares”) for cash for a redemption price per share equal to the amount then held in Hyde Park’s trust account, including the interest earned thereon, less taxes payable, divided by the total number of IPO Shares then outstanding (which redemption will completely extinguish such holders’ rights as stockholders, including the right to receive further liquidation distributions, if any). Stockholders whose stock is held in “street name” through a broker will receive payment through the Depository Trust Company.
SIGNATURE
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.
