Current Report Filing (8-k)
June 18 2019 - 2:55PM
Edgar (US Regulatory)
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
June 18, 2019
Date of Report (Date of earliest event reported)
Zion Oil & Gas, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
(State or other jurisdiction of incorporation)
001-33228
(Commission File Number)
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20-0065053
(IRS Employer Identification No.)
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12655 North Central Expressway, Suite 1000,
Dallas, TX 75243
(Address of Principal Executive Offices) (Zip
Code)
Registrant’s telephone number, including
area code:
214-221-4610
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 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
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Trading Symbol(s)
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Name of each exchange on which registered
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Common
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ZN
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Nasdaq
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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.
Appointment of Certain Officer
On June 13, 2019, Zion Oil & Gas appointed
Mr. Robert Dunn as Chief Operations Officer for this crucial stage of the company. Robert W.A. Dunn joined the Company as Director
of Operations, effective May 1, 2019. Mr. Dunn’s impressive resume includes over 27 years of senior management and field
operations focusing on technologically driven seismic acquisition across the globe. During the past decade of working in the Eastern
Hemisphere, Mr. Dunn has acquired more than 7,800 square kilometers of 3D and 10,000 kilometers of 2D seismic surveys which have
helped exploration and production customers to make informed decisions in their exploration programs. Mr. Dunn will be overseeing
the Company’s planned acquisition and processing of 3D seismic data, in addition to other operational matters as they arise.
Mr. Dunn’s considerable experience
extends to the early 1990s and includes logistics/acquisition management in remote regions ranging from the Arctic to
South American jungles as Project Manager and Technical/Recording Crew Manager for CGG Veritas, where his innovations helped
Veritas become the largest and most trusted name in the geophysical industry. Mr. Dunn was President of Geophysical Services
for Viking Services from 2012 before joining Zion. In that capacity, Mr. Dunn managed all aspects of geophysical exploration
in Europe, Turkey, and Africa, seeing Viking acquire over 7,800 square kilometers of 3D and 10,000 kilometes of 2D. During
his tenure, Mr. Dunn also implemented operational plans in Hungary, Romania, Bulgaria, and Iraq as Managing Director of
Central European Drilling and Oilfield Services in Northern Iraq. Before this, Mr. Dunn oversaw Viking’s acquisition of
over 2,200 square kilometers of 3D as Technical Operations Manager, leading to the discovery of new basins. Mr. Dunn is a
member of the Society of Exploration Geophysicists, the European Association of Geophysical Exploration and the American
Chamber of Commerce. He holds several technical certifications from industry groups.
In connection with his
promotion to Chief Operations Officer, Mr. Dunn will continue to receive his annual salary of $200,000, as well as other employee
benefits, pursuant to his Employment Agreement effective May 1, 2019. Mr. Dunn has 100,000 Company stock options, which will vest
on a schedule of 50,000 options on September 1, 2019 and the remaining 50,000 options vesting on January 1, 2020.
Mr.
Dunn is not a party to any other material plan, contract or arrangement with the Company, nor has any other material plan, contract
or arrangement to which he is a party been modified as a result of their respective promotions described above. In addition, Mr.
Dunn does not have any familial relationships or related party transactions with the Company that would require disclosure under
Items 401(d) or 404(a) of Regulation S-K (17 CFR 229.401(d) and 229.404(a)) in connection with his promotion described above.
Item 8.01
Other Events
On June 13, 2019 during
the Board of Directors Meeting, the Board of Directors, and recommended to the Board by the Audit Committee, passed the following
resolution:
The Board has determined that Mr. Oroian, Mr.
Scammahorn and Mr. Siegel qualify as “audit committee financial experts” as defined by Section 407(d)(5) of Regulation
S-K under the Securities Act of 1933, as amended. This designation is a disclosure requirement of the SEC relating to Mr. Oroian’s,
Mr. Scammahorn’s and Mr. Siegel’s experience and understanding with respect to certain accounting and auditing matters.
The designation does not impose on Mr. Oroian, Mr. Scammahorn and Mr. Siegel any duties, obligations or liability that is greater
than is generally imposed on them as members of the Audit Committee and Board, and their designations as Audit Committee financial
experts pursuant to this SEC requirement does not affect the duties, obligations or liability of any other member of the Audit
Committee and Board.
Item 9.01 Financial Statements and Exhibits.
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.
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Zion Oil and Gas, Inc.
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Date: June 18, 2019
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By:
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/s/ John M. Brown
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John M. Brown
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Chief Executive Officer
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