GULFPORT ENERGY CORP false 0000874499 0000874499 2020-01-01 2020-01-01

 

 

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): January 1, 2020

 

GULFPORT ENERGY CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

000-19514

 

73-1521290

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

3001 Quail Springs Parkway

Oklahoma City, Oklahoma

 

73134

(Address of principal executive offices)

 

(Zip code)

(405) 252-4600

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

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

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

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common stock, par value $0.01 per share

 

GPOR

 

Nasdaq Global Select Market

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.  

 

 


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Director

On January 1, 2020, the Board of Directors (the “Board”) of Gulfport Energy Corporation (“Gulfport”) appointed Alvin Bledsoe as a member of the Board. The Board also appointed Mr. Bledsoe to serve as chair of the Audit Committee and a member of the Compensation Committee.

Mr. Bledsoe will receive an inducement grant of restricted stock with an aggregate value of approximately $25,000 and an annual grant of restricted stock units with an aggregate value of $175,000. Mr. Bledsoe will also receive annual cash compensation totaling $105,000 for chairing the Audit Committee and his Board service.

In connection with his appointment, Gulfport and Mr. Bledsoe will enter into Gulfport’s standard indemnity agreement for directors.

Mr. Bledsoe is not related to any officer or director of Gulfport. There are no transactions or relationships between Mr. Bledsoe and Gulfport that would be required to be reported under Item 404(a) of Regulation S-K.


SIGNATURE

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.

 

 

GULFPORT ENERGY CORPORATION

             

Date: January 2, 2020

 

 

By:

 

/s/ Patrick K. Craine

 

 

 

Patrick K. Craine

 

 

 

General Counsel and Corporate Secretary