0001509589 false 0001509589 2019-12-18 2019-12-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

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

 

December 19, 2019

Date of Report (Date of earliest event reported)

 

Bonanza Creek Energy,Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware   001-35371   61-1630631

(State or other jurisdiction of

incorporation or organization)

  (Commission File No.)   (I.R.S. employer identification number)

 

410 17th Street, Suite 1400

Denver, Colorado 80202

(Address of principal executive offices, including zip code)

 

(720) 440-6100

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol  

Name of exchange on which

registered

Common Stock, par value $0.01 per share   BCEI   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company       ¨      

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨

 

 

 

 

 

Item 5.02         Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On December 19, 2019, the Compensation Committee of the Board of Directors of Bonanza Creek Energy, Inc. (the “Company”), upon the recommendation of the Company’s Executive Vice President, General Counsel and Secretary, Cyrus (“Skip”) Marter, determined to make certain revisions to his compensation. Effective December 18, 2019, Mr. Marter’s annual base salary will decrease from $350,000 to $315,000. The change was made in recognition of recent organizational adjustments, which reduced the number of departments reporting to Mr. Marter, and the importance of reducing G&A expense at the Company when appropriate.

 

The other components of Mr. Marter’s compensation will remain unchanged.

 

 

 

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.

 

  Bonanza Creek Energy, Inc.
     
Dated: December 19, 2019 By: /s/ Cyrus D. Marter IV
  Name: Cyrus D. Marter IV
  Title: Executive Vice President, General Counsel and Secretary