0000002178-17-000071.txt : 20171030 0000002178-17-000071.hdr.sgml : 20171030 20171030170546 ACCESSION NUMBER: 0000002178-17-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20171030 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171030 DATE AS OF CHANGE: 20171030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAMS RESOURCES & ENERGY, INC. CENTRAL INDEX KEY: 0000002178 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172] IRS NUMBER: 741753147 STATE OF INCORPORATION: DE FISCAL YEAR END: 0926 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07908 FILM NUMBER: 171163133 BUSINESS ADDRESS: STREET 1: 17 S. BRIAR HOLLOW LN. CITY: HOUSTON STATE: TX ZIP: 77027 BUSINESS PHONE: 713-881-3600 MAIL ADDRESS: STREET 1: P O BOX 844 CITY: HOUSTON STATE: TX ZIP: 77001 FORMER COMPANY: FORMER CONFORMED NAME: ADAMS RESOURCES & ENERGY INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ADA RESOURCES INC DATE OF NAME CHANGE: 19790620 8-K 1 a4q20178-kstcpresident_103.htm AE 8-K-NEW STC PRESIDENT Document



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

Date of Report (Date of earliest event reported): October 30, 2017

ADAMS RESOURCES & ENERGY, INC.
(Exact name of registrant as specified in its charter)
        
Delaware
1-7908
74-1753147
(State or other jurisdiction of
(Commission File Number)
(IRS Employer
incorporation)
 
Identification No.)

17 South Briar Hollow Lane, Suite 100, Houston, Texas
77027
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code: (713) 881-3600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company o
 
 
 
 
 
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 October 30, 2017, Adams Resources & Energy, Inc. (the “Company”), a Delaware corporation, issued a press release announcing the election of Kevin J. Roycraft as President of Service Transport Company (“Service Transport”), a wholly owned subsidiary of the Company, effective November 13, 2017. James L. Brown will remain with Service Transport through his retirement date of December 31, 2017 to help facilitate a smooth transition.

Mr. Roycraft age 47, has over 24 years of experience in transportation and logistics operations, management and executive leadership. He joins Service Transport from Dana Transport Inc., where he served as Executive Vice President. From 2012 through 2015, Mr. Roycraft was the President and Chief Executive Officer of Aveda Transportation and Energy Services. From 2004 through 2012, Mr. Roycraft held various positions of increasing responsibility with Liquid Transport Corp, including Director of Business Development and Vice President of Operations. He holds a Bachelor of Science degree in Organizational Leadership and Supervision from Purdue University.

A copy of the news release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.






Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1
Press release of Adams Resources & Energy, Inc. issued October 30, 2017.






SIGNATURES

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.

 
 
 
ADAMS RESOURCES & ENERGY, INC.
 
 
 
 
 
 
 
 
 
 
 
 
Date:
October 30, 2017
By:
/s/ Josh C. Anders
 
 
 
Josh C. Anders
 
 
 
Chief Financial Officer
 
 
 
(Principal Financial Officer and
 
 
 
Principal Accounting Officer)






Exhibit Index



EX-99.1 2 a4q2017ex991stcpresident_1.htm EXHIBIT 99.1-PRESS RELEASE Exhibit


Exhibit 99.1
adamslogoa01.jpg
 
FOR IMMEDIATE RELEASE

ADAMS RESOURCES & ENERGY, INC. ANNOUNCES A NEW PRESIDENT FOR SERVICE TRANSPORT COMPANY

Houston, Texas (Monday, October 30, 2017) -- Adams Resources & Energy, Inc. (NYSE MKT: AE) (“Adams” or the “Company”) today announced the election of Kevin J. Roycraft as President of Service Transport Company (“STC”), a wholly owned subsidiary of Adams, effective mid-November 2017. James L. Brown will remain with Service Transport Company through his retirement date of December 31, 2017 to help facilitate a smooth transition.

Kevin Roycraft brings over 24 years of experience in transportation and logistics operations, management and executive leadership. He joins Service Transport Company from Dana Transport Inc., where he served as Executive Vice President. From 2012 through 2015, Mr. Roycraft was the President and Chief Executive Officer of Aveda Transportation and Energy Services. From 2004 through 2012, Mr. Roycraft held various positions of increasing responsibility with Liquid Transport Corp, including Director of Business Development and Vice President of Operations. He holds a Bachelor of Science degree in Organizational Leadership and Supervision from Purdue University.

“We welcome Kevin’s leadership and experience to the STC team. Service Transport Company is well positioned to take advantage of the substantial downstream development across the Gulf Coast, and Kevin will be a key leader in capturing future opportunities and growth. We thank Jim Brown for his 33 years of tireless dedication to Service Transport Company,” said Townes Pressler, Executive Chairman of the Company.


Adams Resources & Energy, Inc., headquartered in Houston, Texas, is engaged in the business of crude oil marketing, transportation and storage and tank truck transportation of liquid chemicals, dry bulk and ISO tank container storage and transportation. For more information, visit www.adamsresources.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as “anticipate,” “intend,” “plan,” “project,” “estimate,” “continue,” “potential,” “should,” “could,” “may,” “will,” “objective,” “guidance,” “outlook,” “effort,” “expect,” “believe,” “predict,” “budget,” “projection,” “goal,” “forecast,” “target” or similar words. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, there can





be no assurance that such expectation or belief will result or be achieved. The actual results of operations can and will be affected by a variety of risks and other matters including, but not limited to, changes in commodity prices; changes in expected levels of natural gas and oil reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; international monetary conditions; unexpected cost increases; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; and general domestic and international economic and political conditions; as well as changes in tax, environmental and other laws applicable to our business. Other factors that could cause actual results to differ materially from those described in the forward-looking statements include other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, Adams undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.


Contact: Josh C. Anders
EVP, Chief Financial Officer
janders@adamsresources.com
(281) 974-9442



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