UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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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): June 30, 2012

Registrant’s telephone number, including area code: (214) 871-0400

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

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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):

Item 1.02 Termination of a Material Definitive Agreement.

On June 30, 2012, Red Mountain Resources, Inc. (the “Company”) terminated the Purchase and Sale Agreement, dated May 9, 2012 (the “Purchase Agreement”), by and among The Kenneth R. Swan Irrevocable Asset Trust, dated June 16, 2011, The Kenneth R. Swan Grantor Retained Annuity Trust, dated August 17, 2011, The Rebecca C. Swan Irrevocable Asset Trust, dated June 16, 2011, The Rebecca C. Swan Grantor Retained Annuity Trust, dated August 17, 2011 (collectively, the “Sellers”), Swan Production Management Company, LLC (the “General Partner”) and the Company. The Company terminated the Purchase Agreement pursuant to its right to terminate the Agreement at any time and for any reason. No material early termination penalties were incurred by the Company in connection with the termination of the Purchase Agreement.

A description of the material terms of the Purchase Agreement can be found in the Company’s Current Report on Form 8-K filed on May 11, 2012, which description is incorporated herein by reference.

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.