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): May 19, 2009
THE RESERVE PETROLEUM COMPANY
(Exact name of registrant as specified in its charter)
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DELAWARE
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000-8157
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73-0237060
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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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6801 N. Broadway, Suite 300
Oklahoma City, Oklahoma 73116-9092
(Address of principal executive offices)
(405) 848-7551
(Registrant’s telephone number, including area code)
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 13c-4(c) under the Exchange Act (17 CFR 240.13c-4(c)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) At a meeting of the Board of Directors (the “Board”) of The Reserve Petroleum Company(the “Company”) on May 19, 2009, Mason McLain retired as Chief Executive Officer, effective immediately, but will remain as the Company’s Chairman of the Board and a member of the Executive
Committee of the Board.
(c) On May 19, 2009, the Board elected Cameron McLain as Chief Executive Officer of the Company. Cameron McLain has been employed by the Company since May 9, 1982 and was elected President by the Board on May 20, 2008.
Item 8.01 Other Events
At the Company’s Annual Meeting of Stockholders held on May 19, 2009, the stockholders voted to re-elect the nine proposed directors for a one year term.
At the Company’s Board meeting on May 19, 2009, the Directors approved a $10.00 per share cash dividend. The dividend will be paid June 16, 2009 to the Company’s common stockholders of record at the close of business on June 1, 2009.
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.
/s/ Cameron McLain
Cameron McLain
Principal Executive Officer
Date: May 22, 2009