Form 8-K - Current report
November 17 2023 - 6:27AM
Edgar (US Regulatory)
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2023-11-15
2023-11-15
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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
15, 2023
GENIE ENERGY LTD.
(Exact name of registrant as specified in its charter)
Delaware |
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1-35327 |
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45-2069276 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
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520 Broad Street
Newark, New Jersey |
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07102 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area
code: (973) 438-3500
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):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)-2 of the Exchange Act:
Title of each class |
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Trading Symbol |
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Name of each exchange on
which registered |
Class B common stock, par value $.01 per share |
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GNE |
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New York Stock Exchange |
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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 5.01. Changes in Control of Registrant.
On November 15, 2023, seven trusts, each for the benefit of a child of
Howard S. Jonas, the Company’s Executive Chairman and Chairman of the Board, with independent trustees, transferred an aggregate
of 1,377,535 shares of Class A common stock of Genie Energy Ltd. (the “Company”) (representing 87% of the issued and outstanding
shares of the Class A common stock of the Company, and 56% of the aggregate voting power of all issued and outstanding shares of capital
stock of the Company) to a limited partnership. Howard Jonas is the sole manager of the sole general partner of the limited partnership,
and, therefore, has sole voting and dispositive power over the shares of Class A common stock held by the limited partnership. Following
the transfer, Mr. Jonas will have approximately 61% of the aggregate voting power of all the issued and outstanding shares of capital
stock of the Company and, therefore, the Company is a controlled company as defined in Section 303A of the New York Stock Exchange Listed
Company Manual.
SIGNATURE
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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GENIE ENERGY LTD. |
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By: |
/s/ Michael Stein |
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Name: |
Michael Stein |
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Title: |
Chief Executive Officer |
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Dated: November 17, 2023
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