Current Report Filing (8-k)
August 23 2022 - 02:58PM
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):
August 22, 2022
HUGOTON ROYALTY TRUST
(Exact name of Registrant as specified in its
charter)
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| Texas |
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1-10476 |
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58-6379215 |
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(State or other jurisdiction
of incorporation or organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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Simmons Bank
Trustee
2911 Turtle Creek Blvd, Suite 850
Dallas, Texas
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75219 |
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offices) |
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(Zip Code) |
Registrant’s Telephone Number, including area
code: (855) 588-7839
Not Applicable
(Former name, former address and former fiscal
year, 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.):
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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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Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) 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
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| Units of Beneficial
Interest |
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HGTXU |
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OTCQB |
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. ☐
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Item 1.02. |
Termination of a Material Definitive
Agreement.
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Effective August 22, 2022, Simmons Bank, as trustee
(“Trustee”) of the Hugoton Royalty Trust (the “Trust”), and XTO
Energy Inc., a Delaware corporation (“XTO Energy”), mutually agreed
to terminate the Purchase and Sale Agreement (the “Purchase
Agreement”) by and between the Trustee and XTO Energy pursuant to
which the Trustee had agreed to sell, and XTO Energy had agreed to
purchase the net overriding royalty interest created pursuant to
certain net profits interest conveyances and certain other assets
of the Trust.
As a result of the termination of the Purchase Agreement, the
Trustee refunded the deposit paid by XTO Energy in connection with
the Purchase Agreement, and the stay of certain arbitration
proceedings between XTO Energy and the Trustee with respect to the
Trust is lifted. The arbitration proceedings are expected to
re-commence.
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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| HUGOTON
ROYALTY TRUST |
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| By: |
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SIMMONS
BANK, TRUSTEE |
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By: |
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/s/ RON E. HOOPER
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Ron E. Hooper |
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Senior Vice President |
Date: August 23, 2022
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