-----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, HQOFkFziqC0iDCyI2ZTShiX8GWAhGaCDRK9youiPJ3v9yFZox3xFuWlbm3O5jLCt Yn6rVk+4tBDNyOMj5F9AZQ== 0000899243-99-002479.txt : 19991215 0000899243-99-002479.hdr.sgml : 19991215 ACCESSION NUMBER: 0000899243-99-002479 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991122 ITEM INFORMATION: FILED AS OF DATE: 19991214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MIDCOAST ENERGY RESOURCES INC CENTRAL INDEX KEY: 0000276327 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 760378638 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11977 FILM NUMBER: 99773752 BUSINESS ADDRESS: STREET 1: 1100 LOUISIANA STREET 2: STE 2950 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136508900 MAIL ADDRESS: STREET 1: 1100 LOUISANA STREET 2: SUITE 3030 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: NUGGET OIL CORP DATE OF NAME CHANGE: 19920703 8-K 1 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 Event Reported: 11/22/99 MIDCOAST ENERGY RESOURCES, INC. (Exact name of registrant as specified in its charter) Texas 0-8898 76-0378638 (State or other Commission (I.R.S. Employer jurisdiction of File Number Identification No.) incorporation) Suite 2950, 1100 Louisiana Street, Houston, Texas 77002 (address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 713/650-8900 MIDCOAST ENERGY RESOURCES, INC., AND SUBSIDIARIES Item 5. Other Events In order to streamline its business operations, Midcoast has cut approximately 20 percent of its workforce and expects to take a $1.7 million fourth quarter charge. The company has let go 50 of its 256 employees, including some staff in its Houston corporate office and employees at various field locations. The company will incur the charge in connection with these actions, and the company expects to see savings from reduced employee costs and a more streamlined operating and business process. 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 hereto duly authorized. MIDCOAST ENERGY RESOURCES, INC. Date: December 13, 1999 By: /s/ Richard A. Robert _______________________________ Richard A. Robert Treasurer Principal Financial Officer Principal Accounting Officer -----END PRIVACY-ENHANCED MESSAGE-----