SEC Filing Summary: EnerJex Resources, Inc. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by EnerJex Resources, Inc. on January 11, 2017, reporting an event that occurred on January 4, 2017. The filing addresses a regulatory compliance issue with the New York Stock Exchange (NYSE) regarding the company's continued listing standards. Note: The request metadata references "Ageagle Aerial Systems Inc.," but the filing text explicitly identifies the registrant as "EnerJex Resources, Inc."
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate governance and listing compliance matter.
Material Changes
The material change reported is the receipt of a notice from the NYSE stating that EnerJex Resources, Inc. is out of compliance with Section 704 of the NYSE Company Guide. Specifically, the company failed to hold an annual meeting of stockholders for the fiscal year ended December 31, 2015.
Outlook, Risks, and Management Commentary
- Compliance Plan: The company intends to notify the NYSE by January 11, 2017, of its plan to regain compliance.
- Deadline: To satisfy the listing standard, the company must hold an annual meeting no later than March 31, 2017.
- Risk: Failure to meet the March 31, 2017 deadline could result in delisting from the NYSE.
- Exhibits: A press release dated January 11, 2017, detailing the notice is filed as Exhibit 99.1.
Investor Verification Checklist
- Verify the company's current stock ticker and listing status on the NYSE.
- Confirm the date and outcome of the annual meeting required by March 31, 2017.
- Review the press release (Exhibit 99.1) for additional details on the compliance timeline.
- Check subsequent filings to ensure the company has not been delisted.