Current Report Filing (8-k)
May 15 2023 - 5:12PM
Edgar (US Regulatory)
SANDRIDGE ENERGY INC false 0001349436 0001349436 2023-05-12 2023-05-12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): May 12, 2023
SANDRIDGE ENERGY, INC.
(Exact name of registrant as specified in its charter)
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| Delaware |
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001-33784 |
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20-8084793 |
(State or other jurisdiction
of Incorporation) |
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(Commission file number) |
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(I.R.S. Employer
Identification No.) |
1 E. Sheridan Ave, Suite 500
Oklahoma City, Oklahoma 73104
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code: (405) 429-5500
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:
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Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class |
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Trading
Symbol(s) |
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Name of each exchange on which registered |
| Common Stock, $0.001 par value |
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SD |
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New York Stock Exchange |
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 8.01. |
Other Matters. |
On May 12, 2023, SandRidge Energy, Inc., a Delaware company (the “Company”) issued a press release announcing that its Board of Directors approved the following: (1) a one-time cash dividend of $2.00 per share of the Company’s common stock, payable on June 7, 2023 to stockholders of record as of the close of business on May 24, 2023, with an aggregate total payout of approximately $74 million, (2) a regular quarterly cash dividend of $0.10 per share of the Company’s common stock, to commence after the second quarter and to be first payable in August 2023, and (3) a stock buyback program authorizing the repurchase of up to $75 million of the Company’s outstanding common stock in open market transactions from time to time with the Company’s cash on hand.
The full text of the press release is included as Exhibit 99.1 hereto.
| Item 9.01. |
Financial Statements and Exhibits. |
(d) 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 thereunto duly authorized.
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| SandRidge Energy, Inc. |
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| By: |
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/s/ Salah Gamoudi |
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Salah Gamoudi |
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Executive Vice President, Chief Financial Officer, and Chief Accounting Officer |
Date: May 15, 2023