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EX-99.1 - EXHIBIT 99.1 - BEST ENERGY SERVICES, INC. | ex99_1.htm |
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 8, 2010 (January
25, 2010)
BEST
ENERGY SERVICES, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-53260
|
02-0789714
|
||
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification Number)
|
5433 Westheimer Road; Suite
825
Houston, Texas
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77056
|
|||
(Address
of principal executive offices)
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(Zip
Code)
|
(713) 933-2600
(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 filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions (see General Instruction A.2. below):
£ 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
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangement of Certain
Officers
(b) On
January 25, 2010, Larry Hargrave resigned from his position as a Director of
Best Energy Services, Inc. (the “Company”). On January 27, 2010, Tony
Bruce resigned from his position as a Director of the Company and from his
position as the President and Chief Operating Officer of the
Company.
(c)
Effective as of January 29, 2010, the Board of Directors of the Company (the
“Board”) filled the vacancy created by Mr. Bruce’s resignation by appointing
Eugene Allen to serve as the Company’s President and Chief Operating
Officer. Prior to this appointment, Mr. Allen, age 50, previously
served as the General Manager of Best Well Service, Inc., a subsidiary of Best
Energy based in Liberal, Kansas (“BWS”). Before joining BWS in 1994, Mr. Allen
worked at Pool Well Service, Pride Petroleum and KMA Well
Service. Mr. Allen’s brother, Ricky Allen, served, and continues to
serve, as the Safety Manager for BWS since July 2008. During the year
ended December 31, 2009, Ricky Allen received approximately $52,000 in salary
and bonus and payments and was eligible for the employee benefits available to
BWS employees generally.
(d)
Effective as of January 29, 2010, the Board filled the Board vacancy created by
Mr. Hargrave’s resignation by electing David Voyticky to serve as a Director of
the Company. There are no arrangements or understandings between Mr.
Voyticky and any other person pursuant to which he was elected as a Director and
there are no transactions in which Mr. Voyticky has an interest requiring
disclosure under Item 404(a) of Regulation S-K. Mr. Voyticky will be
entitled to receive the compensation generally payable to the outside directors
of the Company. In addition, on February 3, 2010, the Board approved
a grant to Mr. Voyticky of options to acquire 1,000,000 shares of the Company’s
common stock at an exercise price of $0.10 per share.
Also, on
February 3, 2010, the Board reduced the number of directors constituting the
entire Board from five (5) to four (4) in order to eliminate the vacancy created
by Mr. Bruce’s resignation. A copy of the press release announcing
the management changes disclosed in this Current Report is attached hereto as an
exhibit and incorporated herein by reference.
Item
9.01. Financial
Statements and Exhibits
(a)
Exhibits
99.1 Press
release dated February 1, 2010 announcing certain management changes at Best
Energy Services, Inc.
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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 hereunto
duly authorized.
Dated:
February 8, 2010
BEST
ENERGY SERVICES, INC.
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By:
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/s/ Mark G. Harrington
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Mark
G. Harrington
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Chief
Executive Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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Press
release dated February 1, 2010 announcing certain management changes at
Best Energy Services, Inc.
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