HALLADOR ENERGY COMPANY (NASDAQ:HNRG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Compensatory Agreements
On May 16, 2017, Hallador granted Restricted Stock Unit Issuance Agreements (the “RSU Agreements”) with (i) Victor P. Stabio, Chairman of the Board and Corporate Secretary, (ii) Brent K. Bilsland, President and CEO, and (iii) Lawrence D. Martin, CFO.
Mr. Stabio was granted 100,000 restricted stock units (“RSUs”), Mr. Bilsland was granted 225,000 RSUs, and Mr. Martin was granted 170,000 RSUs, all of which vest in their entirety immediately upon grant date, May 16, 2017, and are subject to the terms as set forth in the 2008 Restricted Stock Unit Plan. Upon vesting, each RSU entitles the RSU recipients to receive one share of common stock. The RSU recipients have the option to withhold shares to pay the applicable payroll withholding taxes.
The closing stock price on May 16, 2017 was $7.74.
The RSU Agreement is filed as Exhibit 10.1 to this Current Report and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits
Exhibits:
10.1 – Form of Restricted Stock Unit Issuance Agreement
10.2 – 2008 Restricted Stock Unit Plan (incorporated by referenced to the March 31, 2008 Form 10-Q)
About HALLADOR ENERGY COMPANY (NASDAQ:HNRG)
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine. It develops over 10 million tons of coal annually and has customers in the mid-west and southeastern United States. It has over 40.6 million tons of the Indiana coal V seam. It also has over 69.3 million controlled tons in both Knox County, Indiana and Lawrence County, Illinois. Its Carlisle underground coal mine is located near the town of Carlisle, Indiana in Sullivan County. The Ace mine is located approximately 40 miles northeast of the Carlisle Mine. Its Bulldog Mine controls over 35.8 million tons of coal reserves. HALLADOR ENERGY COMPANY (NASDAQ:HNRG) Recent Trading Information
HALLADOR ENERGY COMPANY (NASDAQ:HNRG) closed its last trading session up +0.28 at 7.74 with 72,361 shares trading hands.