FORM 10-K
SECURITIES AND EXCHANGE COMMISSION
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1995
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from ________ to ________
Commission file number: 0-10156
Cairn Energy USA, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other
jurisdiction of
incorporation ororganization)
8235 Douglas Avenue, Suite
1221
Dallas, Texas
(Address of principal
executive offices) 23-2169839
(I.R.S. Employer
Identification No.)
75225
(Zip Code)
Registrant's telephone number, including area code:
Title of each class
None Name of each exchange on
which registered
Securities Registered Pursuant to Section 12(g) of
the Act:
Common Stock, par value $0.01 per share
(Title of Class)
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant's knowledge
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K.
As of February 29, 1996, 17,557,821 shares of common stock
of the registrant were issued and outstanding. The aggregate
market value of the voting stock held by non-affiliates of the
registrant as of February 29, 1996, was $160.7 million, based
upon the closing sales price of the registrant's common stock on
such date of $10.875 per share on the Nasdaq National Market as
reported by The Wall Street Journal. For purposes of this
computation, all executive officers, directors and
10 %stockholders are deemed to be affiliates. Such a determination
should not be deemed an admission that such executive officers,
directors or 10% stockholders are affiliates.
DOCUMENTS INCORPORATED BY REFERENCE
The registrant's definitive proxy statement in connection
with the Annual Meeting of Stockholders scheduled to be held May
22, 1996, to be filed with the Commission pursuant to Regulation
14A, is incorporated by reference to Part III of this report.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this Annual Report on Form 10-K to be signed on its behalf by the
undersigned thereunto duly authorized.
CAIRN ENERGY USA, INC.
(Registrant)
Date: March 4, 1996 By: /s/ Michael R. Gilbert
Michael R. Gilbert, President and
Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act
of 1934, this Annual Report on Form 10-K has been signed below by
the following persons on behalf of the Registrant and in the
capacities and on the dates indicated.
Signature Office Date
/s/ Michael R.
Gilbert
Michael R. Gilbert President and
Chief Executive
Officer and
D i r e c t o r
(Principal March 4,
1996
/s/ J.M.M.
Sutherland
J. M. M.
Sutherland Senior Vice
President, Chief
Financial Officer,
Treasurer and
D i r e c t o r March 11,
1996
/s/ A. Allen Paul
A. Allen Paul V i c e
President Finance
(Principal
Accounting
Officer) March 4,
1996
/s/ Jack O. Nutter
Jack O. Nutter, II Director March 4,
1996
William B. B.
Gammell Director
/s/ Michael E.
McMahon
Michael E. McMahon Director March 4,
1996
/s/ John C.
Halsted
John C. Halsted Director March 4,
1996
Signature Office Date
/s/ Daniel Robins
R. Daniel Robins Director March 4,
1996