Tellurian Inc. (NASDAQ:TELL) Files An 8-K Amendment to Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
Item5.05
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Amendments to the Registrants Code of Ethics, or Waiver of a Provision of the Code of Ethics. |
On March31, 2017, Tellurian Inc. (the Company) amended its
Code of Business Conduct and Ethics (the Code of Conduct).
The changes to the Code of Conduct primarily reflect changes in
the nature and scope of the Companys operations since the
completion of the previously disclosed merger between the
Company, Tellurian Investments Inc., and River Merger Sub, Inc.,
including, among other things, updates to portions of the Code of
Conduct relating to compliance with laws, rules and regulations
and compliance procedures. A copy of the Code of Conduct is
posted on the Companys website, www.tellurianinc.com.
The foregoing summary is qualified in its entirety by the full
text of the Code of Conduct, which is filed as Exhibit14.1
to this Current Report on Form 8-K and incorporated herein by
reference.
| Item8.01 | Other Events. |
On March20, 2017, Charif Souki, Brooke Peterson, and the Souki
Family 2016 Trust (the Trust) filed an amendment to the
Schedule 13D (the 13D/A) filed by Mr.Souki on February21,
2017. According to the 13D/A, Mr.Souki has shared dispositive
power over 26,000,000 shares of common stock owned by the Trust.
As a result, Mr.Souki is deemed to be a beneficial owner of those
shares under applicable Securities and Exchange Commission rules.
According to the 13D/A, his total beneficial ownership as of
March20, 2017, including the shares held by the Trust, was
54,875,167 shares, which represents 27.48% of the total shares of
common stock outstanding.
| Item9.01 | Financial Statements and Exhibits. |
| (d) |
Exhibits. |
See exhibit index.
About Tellurian Inc. (NASDAQ:TELL)
Tellurian Inc., formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc. The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia. The Horse Hill-1 well has identified prospects from the Portland sandstone and Kimmeridge Clay limestone formations. Tellurian Inc. (NASDAQ:TELL) Recent Trading Information
Tellurian Inc. (NASDAQ:TELL) closed its last trading session down -0.47 at 11.41 with 403,977 shares trading hands.
