Current Report Filing (8-k)
November 12 2020 - 4:37PM
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 11, 2020
HOUSTON
AMERICAN ENERGY CORP.
(Exact
name of registrant as specified in its charter)
Delaware
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1-32955
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76-0675953
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(State or other jurisdiction of
incorporation or organization)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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801
Travis Street, Suite 1425
Houston,
Texas 77002
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(Address
of principal executive offices, including zip code)
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713-222-6966
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(Registrant’s
telephone number, including area code)
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(Former
name or former address, if changed since last report)
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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 (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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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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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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 Stock, par value $0.001 per share
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HUSA
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NYSE American
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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
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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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On
November 11, 2020, James Schoonover advised Houston American Energy Corp. (the “Company”) that he would be stepping
down as President and Chief Executive Officer of the Company, effective December 1, 2020. Mr. Schoonover joined the Company’s
Board in April 2018 and assumed the roles of Interim President and Chief Executive Officer in June 2018. Mr. Schoonover will continue
to serve as a director of the Company.
The
Company’s board of directors has selected John Terwilliger to serve as President and Chief Executive Officer of the Company,
and as a director of the Company, effective upon Mr. Schoonover’s resignation on December 1, 2020.
Mr.
Terwilliger, age 73, is the Company’s founder, served as President, Chief Executive Officer and Chairman of the Company
from its founding in 2001 until 2015 and has continued to provide oil and gas prospect and operations services to the Company
on an as needed basis since 2015. Mr. Terwilliger has more than 40 years’ experience in oil and gas management and operations.
Mr.
Terwilliger will receive an initial annual salary of $120,000, will receive periodic stock option grants and other benefits generally
available to officers of the Company.
Item
9.01.
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Financial
Statements and Exhibits.
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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.
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HOUSTON AMERICAN ENERGY CORP.
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Dated:
November 12, 2020
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By:
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/s/ James
Schoonover
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Name:
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James
Schoonover
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Title:
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Chief
Executive Officer
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Houston American Energy (AMEX:HUSA)
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