Business Context and Reporting Period
Company: Comstock Resources, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 29, 2008
Reporting Period: This filing reports a specific event regarding the Company's 401(k) Plan effective April 1, 2008, through May 30, 2008.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is an administrative notice regarding employee benefit plan operations.
Material Changes
No material changes to financial performance or corporate structure are reported. The filing discloses a temporary operational change to the Company's 401(k) Plan due to a transition to a new recordkeeper.
Guidance, Outlook, and Risks
- Blackout Period: A "Blackout Period" is scheduled from April 1, 2008, at 4:00 p.m. (Eastern Time) to May 30, 2008.
- Trading Restrictions: During this period, Plan participants cannot direct investments, diversify accounts, or obtain distributions.
- Executive Trading Ban: Pursuant to Section 306 of the Sarbanes-Oxley Act of 2002, directors and executive officers are prohibited from purchasing, selling, or transferring shares of the Company's common stock during the Blackout Period.
- Management Commentary: The restriction is necessary to implement the transition to a new recordkeeper.
Key Facts for Investor Verification
- Verify the exact dates of the trading blackout (April 1, 2008, to May 30, 2008).
- Confirm that the trading restriction applies specifically to directors and executive officers under Sarbanes-Oxley Section 306.
- Note that this filing contains no financial performance data or forward-looking guidance on earnings.