Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: March 16, 2007
Event Date: March 14, 2007
Context: The filing discloses a temporary suspension of trading (blackout period) for the Company's 401(k) Plans due to the transition to a new recordkeeper.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Operational Change: The Company is transitioning its Black Hills Corporation and Cheyenne Light, Fuel and Power Company Retirement Savings Plans to a new recordkeeper.
Trading Restriction: A blackout period will temporarily prevent participants from directing or diversifying investments, including those holding Company common stock.
Guidance, Outlook, and Risks
- Blackout Period Dates: Expected to begin on April 19, 2007, and end the week of May 7, 2007.
- Regulatory Compliance: Directors and executive officers were notified of the corresponding blackout period on March 16, 2007, in accordance with Section 306 of the Sarbanes-Oxley Act of 2002 and Rule 104 of Regulation BTR.
- Information Access: Stockholders may obtain actual blackout dates by contacting Roxann R. Basham at (605) 721-2300 during the blackout period and for two years following its conclusion.
Investor Verification Checklist
- Confirm the exact start and end dates of the blackout period once finalized.
- Verify the impact of the new recordkeeper on account management and investment options.
- Review the attached Exhibit 99 (Notice of Blackout Period) for specific details regarding director and executive officer trading restrictions.