Attached files
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EX-99.1 - EX-99.1 - Approach Resources Inc | d81309exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
April 5, 2011
April 5, 2011
APPROACH RESOURCES INC.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation) |
001-33801 (Commission File Number) |
51-0424817 (IRS Employer Identification No.) |
One Ridgmar Centre 6500 West Freeway, Suite 800 |
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Fort Worth, Texas (Address of principal executive offices) |
76116 (Zip Code) |
(817) 989-9000
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
(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 obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 5, 2011, William S. Buckler, III was appointed Vice President Engineering of
Approach Resources Inc. (Approach or the Company).
Mr. Buckler, 49, has over 26 years of operating and engineering experience in the oil and gas
industry. Before joining Approach, Mr. Buckler was employed by Chief Oil & Gas LLC as Senior Vice
President Operations and Engineering from March 2008 to January 2011. While at Chief, Mr.
Buckler managed the engineering, operations and procurement departments for Chiefs Barnett Shale
and Marcellus Shale operations. From 2003 to September 2008, Mr. Buckler was employed by
Quicksilver Resources as Vice President U.S. Operations. Prior to Quicksilver, Mr. Buckler
served as Operations and Engineering Supervisor for Mitchell Energy from 1997 to 2003. Mr. Buckler
holds a B.S. in Petroleum Engineering from Texas A&M University and is a registered Professional
Engineer licensed in Texas.
Mr. Buckler will receive an annual base salary of $267,500. Mr. Buckler also received a
restricted stock award of 4,154 shares (the Restricted Shares) of Common Stock pursuant to the
Companys 2007 Stock Incentive Plan. The Restricted Shares will vest in three equal installments
beginning on the first anniversary of the grant date, or April 5, 2012, assuming continued
employment. Mr. Buckler will also be eligible to participate in the Companys 2011 annual
incentive plan for executive officers, with an incentive target bonus of 35% to 75% of annual base
salary based on the achievement of certain predetermined performance measures, and prorated for Mr.
Bucklers partial year of service in 2011.
Item 7.01 | Regulation FD Disclosure. |
On April 5, 2011, the Company issued a press release, a copy of which is furnished as Exhibit
99.1, announcing the appointment of Mr. Buckler as Vice President Engineering.
In accordance with general instruction B.2 to Form 8-K, information contained in this Item
7.01 and Exhibit 99.1 is being furnished and not filed with the Securities and Exchange
Commission for purposes of Section 18 of the Securities and Exchange Act of 1934 (the Exchange
Act), and such information shall not be deemed incorporated by reference in any filing under the
Exchange Act or the Securities Act of 1933.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. | Description | |||
99.1 | Press release dated April 5, 2011. |
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SIGNATURES
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.
APPROACH RESOURCES INC. |
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By: | /s/ J. Curtis Henderson | |||
J. Curtis Henderson | ||||
Executive Vice President and General Counsel | ||||
Date: April 8, 2011
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EXHIBIT INDEX
Exhibit No. | Description | |||
99.1 | Press release dated April 5, 2011. |
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