SEC Filing Summary: Halcón Resources Corporation
Business Context and Reporting Period
This Form 8-K Current Report was filed by Halcón Resources Corporation (not Battalion Oil Corp) on March 13, 2012. The filing reports the entry into material definitive agreements with the company's directors and executive officers.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on legal agreements rather than financial performance data.
Material Changes
On March 13, 2012, Halcón Resources Corporation entered into separate Indemnity Agreements with its current directors and executive officers. The named individuals include Floyd C. Wilson, Mark J. Mize, James L. Irish III, David B. Miller, E. Murphy Markham IV, Mark A. Welsh IV, Daniel A. Rioux, Tucker S. Bridwell, Thomas R. Fuller, Stephen P. Smiley, and James W. Christmas.
Guidance, Outlook, and Risks
The Indemnity Agreements provide that Halcón will indemnify the named individuals to the fullest extent permitted by applicable law against expenses, judgments, liabilities, fines, and penalties incurred in connection with civil, criminal, administrative, or investigative proceedings arising from their service as directors or officers. The agreements also provide for the advancement of expenses. No specific financial guidance or outlook was included in this filing.
Investor Verification Checklist
- Verify the full text of the Indemnity Agreement (Exhibit 10.1) to understand specific limitations and conditions.
- Confirm the list of current directors and officers to ensure all relevant parties are covered.
- Review the company's Certificate of Incorporation and Bylaws to understand how these agreements interact with existing indemnification rights.
- Check subsequent filings for any financial impact related to legal proceedings covered by these agreements.