Attached files
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EX-99.1 - ADINO ENERGY CORP | v209882_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): January 1, 2011
Adino
Energy Corporation
(Exact
Name of Registrant as Specified in Charter)
Montana
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333-74638
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82-0369233
|
(State
or Other Jurisdiction of
Incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification
Number)
|
2500 City West Boulevard, Suite
300
Houston, Texas 77042
(Address
of principal executive offices)
(281) 209 – 9800
(Registrant's
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing 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 (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))
Item5.02.
|
Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain
Officers
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Appointment
of Chief Financial Officer
Effective January 1, 2011, Adino Energy
Corporation (“Adino” or the “Company”) appointed Shannon W. McAdams, CFA, age
40, to serve as its Chief Financial Officer. The Company is paying Mr. McAdams
an annual salary of $150,000.00. From April through December 2010, Mr. McAdams
was retained by Adino as a consultant to assist the Company in developing its
Exploration and Production business, arrange debt financing, and negotiate with
vendors. The Company paid Mr. McAdams $170,500 in cash and common stock for
these services.
From April 2007 through February 2010,
Mr. McAdams was Director at Galway Group, LP, an energy advisory firm
specializing in natural gas and renewables. While there, his work focused on
financial advisory services and commodity research. From 2005 through 2006, Mr.
McAdams was the Director of Origination at Technology Tree Group, Inc., where he
was involved in all stages of commercialization of emerging technology
companies.
A copy of the Company’s press release
regarding Mr. McAdams’s appointment is attached hereto as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated by reference herein.
Item
9.01
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Financial
Statements and Exhibits
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(d) Exhibits.
Exhibit
No.
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Description
|
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99.1
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Press
Release, dated January 31, 2011, announcing the appointment of Shannon W.
McAdams as Chief Financial
Officer.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto
duly authorized.
Adino Energy Corporation
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(Registrant)
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By:
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/s/ Timothy G. Byrd, Sr.
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Timothy
G. Byrd, Sr.
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Chief
Executive Officer
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Date:
February 3, 2011