Current Report Filing (8-k)
December 04 2017 - 4:11PM
Edgar (US Regulatory)
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): November 28, 2017
EXCO RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Commission
File No. 001-32743
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Texas
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74-1492779
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(State or other jurisdiction
of incorporation)
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(I.R.S. Employer
Identification No.)
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12377 Merit Drive
Suite 1700
Dallas,
Texas
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75251
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(Address of principal executive offices)
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(Zip Code)
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(214) 368-2084
(Registrants telephone number, including area code)
Not Applicable
(Former
name or former address, if changed since last report)
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: (see General Instruction A.2. below):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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. ☐
Section 1 Registrants Business and Operations
Item 1.01
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Entry into a Material Definitive Agreement.
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On November 28, 2017, the Board of
Directors of EXCO Resources, Inc. (the
Company
) approved Amendment Number Four (the
Amendment
) to the Amended and Restated 2007 Director Plan of EXCO Resources, Inc., as amended (the
Director Plan
), effective as of November 28, 2017. The Amendment replaces the automatic annual grant to each of the Companys nonemployee directors of the number of shares of restricted common stock of the Company
having an aggregate total value equal to $140,000 on the date of grant with an annual lump-sum cash payment of $140,000, payable on the second trading day following the date of the press release containing the Companys third quarter earnings
for a given fiscal year; provided, however, that the annual lump-sum cash payment occurring in calendar year 2017 was made on December 1, 2017 (each, an
Annual Award
). The Annual Awards will be paid pursuant to the
Director Plan, which is a sub-plan to the EXCO Resources, Inc. Amended and Restated 2005 Long-Term Incentive Plan.
The foregoing
description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Section 5 Corporate Governance and Management
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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To the extent required by this Item 5.02, the information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by
reference herein.
Section 9 Financial Statements and Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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EXCO RESOURCES, INC.
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Date: December 4, 2017
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By:
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/s/ Heather L. Lamparter
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Name:
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Heather L. Lamparter
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Title:
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Vice President, General Counsel and Secretary
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