-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O/OywHqPFEhDRaeicp0N1Afor8MxZaDpop+/TGk0q31NOo42yJ/mKZQFH9OaTSyK tqZKrNyEivnWAUjTCoVyjg== 0001193125-08-072237.txt : 20080401 0001193125-08-072237.hdr.sgml : 20080401 20080401151532 ACCESSION NUMBER: 0001193125-08-072237 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080401 DATE AS OF CHANGE: 20080401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BASIC EARTH SCIENCE SYSTEMS INC CENTRAL INDEX KEY: 0000010254 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 840592823 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07914 FILM NUMBER: 08729108 BUSINESS ADDRESS: STREET 1: 633 SEVENTEENTH STREET STREET 2: SUITE 1645 CITY: DENVER STATE: CO ZIP: 80202-3625 BUSINESS PHONE: 303-296-3076 MAIL ADDRESS: STREET 1: 633 SEVENTEENTH STREET STREET 2: SUITE 1645 CITY: DENVER STATE: CO ZIP: 80202-3625 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 31, 2008

Commission File Number: 0-07914

 

 

BASIC EARTH SCIENCE SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   84-0592823

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification Number)

 

633 17th Street, Suite 1645

Denver, Colorado

  80202
(Address of principal executive offices)   (Zip Code)

(303) 296-3076

(Registrant telephone including area code)

 

 

Check the appropriate item below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.02. Appointment of Officer.

Appointment of Officer. On March 31, 2008, the Board of Directors appointed Mr. Joseph B. Young to the position of Interim Principal Accounting Officer. With this appointment, Mr. Singleton will no longer fill the position of Principal Accounting Officer, but will remain the acting Treasurer.

The following is a synopsis of Mr. Young’s business experience:

Joseph B. Young (29) currently is the President of Resource Consulting, LLC, a provider of accounting, compliance, SEC reporting and investor relations services. In this structure he functions in the capacity of CFO for Jayhawk Energy, Inc. and as Controller, Manager of External Reporting and Compliance for Fellows Energy, Inc., both oil and gas companies in the Denver area. During the past five years Mr. Young has also been employed by PriceWaterhouseCoopers, LLP, in its Assurance and Business Advisory Services division. In this capacity Mr. Young was involved in audits and Sarbanes-Oxley 404 compliance. Mr. Young received a Bachelor of Arts degree in Accounting from the University of Utah in 2002. There are no family relationships between Mr. Young and any of the other members of the Board of Directors or the Company’s officers.

 

Item 8.01. Other Events and Regulation FD Disclosure

On April 1, 2008, Basic Earth Science Systems, Inc. issued the press release attached as Exhibit 99.1 concerning the above mentioned Item 5.02 event.

 

Item 9.01 Exhibits

(d) Exhibits.

 

Exhibit No.

 

Description

99.1   Press Release dated April 1, 2008


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  BASIC EARTH SCIENCE SYSTEMS, INC.

Date: April 1, 2008

  By:  

/s/ Ray Singleton

    Ray Singleton, President
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

NEWS RELEASE

 

For Release:

  For Release 8:50 AM EST, April 1, 2008

Contact:

  Ray Singleton
  (303) 296-3076

Basic Earth Reports Appointment Of New Officer

Denver, Colorado, April 1, 2008 – Basic Earth Science Systems, Inc. (Basic) (OTC:BB BSIC) reported that yesterday, March 31, 2008, the Company’s board of directors appointed Joseph B. Young as Interim Principal Accounting Officer. Mr. Young will assume the responsibilities previously performed by Mr. David Flake, Chief Financial Officer, prior to his resignation in February 2008. In related events, the Company has recently promoted Ms. Melissa Temple from Assistant Controller to the position of Controller.

“We are excited about the appointment of Mr. Young,” commented Ray Singleton, President of Basic. “Mr. Young not only brings ‘new blood’ to the Company, but a wealth of new energy and excitement. He will be instrumental in the preparation and completion of this year’s Form 10-KSB in addition to our initial compliance and management certification pursuant to Section 404 of Sarbanes-Oxley.”

In a Form 8-K filed in conjunction with this press release, the Company has provided expanded information concerning Mr. Young’s background and qualifications. Interested parties are encouraged to review this Form 8-K for more information.

Founded in 1969, Basic is an oil and gas exploration and production company with primary operations in select areas of the Williston basin, the Denver-Julesburg basin in Colorado, the southern portions of Texas, and along the on-shore portions of the Gulf Coast. Basic is traded on the “over-the-counter – bulletin board” under the symbol BSIC. Additional information about Basic Earth Science Systems, Inc. can be accessed via the Company’s web site at www.basicearth.net where additional information about the Company can be accessed.

Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as “should,” “may,” “will,” “anticipate,” “estimate,” “intend” or “continue,” or comparable words or phrases. In addition, all statements other than statements of historical facts that address activities that Basic intends, expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of Basic, particularly the Company’s Quarterly Report on Form 10-QSB for the quarters ended June 30, September 30 and December 31, 2007 in addition to the Company’s Annual Report on Form 10-KSB for the fiscal year ended March 31, 2007, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.

-----END PRIVACY-ENHANCED MESSAGE-----