Current Report Filing (8-k)

 

 

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):  February 23, 2016

Commission File Number 333-146627

 

BARON ENERGY, INC.

(Exact name of registrant as specified in its charter)

NEVADA		26-0582528
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

300 S. C.M. Allen Parkway

Suite 400

San Marcos, TX  78666

(Address of principal executive offices) (Zip Code)

[phone]

Registrant's telephone number, including area code

_____________________________________

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None

_____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions.

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  

 

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Item 3.02                          Unregistered Sales of Equity Securities.

On February 23, 2016, the board of directors of Baron Energy, Inc. ("our, "us") authorized the issuance of 1,500,000 shares of our common stock to our Chairman, President, and CEO, Ronnie L. Steinocher, in lieu of $33,000 of cash compensation, leaving $0 owed through December 31, 2015.  The price per share of $0.022 was based on the average closing price of our common stock for the last five trading days in December 2015.

On February 23, 2016, the board of directors of Baron Energy, Inc. ("our, "us") authorized the issuance of 1,350,000 shares of our common stock to our Executive Vice President and CFO, Lisa P. Hamilton, in lieu of $29,700 of cash compensation, leaving $0 owed through December 31, 2015.  The price per share of $0.022 was based on the average closing price of our common stock for the last five trading days in December 2015.

The shares were issued pursuant to the exemption provided by Section 4(2) of the Securities Act for transactions by an issuer not involving a public offering.  The recipient of our securities is an "accredited investor" and he took them for investment purposes without a view to distribution.  Furthermore, he had access to information concerning us and our business prospects; there was no general solicitation or advertising for the purchase of our securities; and the securities are restricted pursuant to Rule 144.

 

 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The disclosure set forth under Item 3.02 to this Current Report on Form 8-K is incorporated herein by reference.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

BARON ENERGY, INC.

Date:  March 1, 2016                                                                                                                By:                /s/Ronnie L. Steinoch           

       Name:  Ronnie L. Steinocher

Title:   President and Chief Executive Officer

 

 

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