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):  March 30, 2013

 

PROSPECT GLOBAL RESOURCES INC.

(Exact name of registrant as specified in its charter)

 

Nevada

 

000-54438

 

26-3024783

(State or other jurisdiction

of incorporation)

 

(Commission File Number)

 

(IRS Employer

Identification Number)

 

1401 17th Street

 

 

Suite 1550

 

 

Denver, CO

 

80202

(Address of Principal Executive Offices)

 

(Zip Code)

 

(303) 990-8444

(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 (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 8.01                                           Other Events.

 

Prospect Global is in active negotiations with The Karlsson Group Inc. to restructure our obligations to The Karlsson Group.  We did not make a required payment on March 30, 2013 of approximately $53.7 million (including accrued interest and fees) .  Failure to make the March 30, 2013 payment does not constitute an event of default under the note until 15 business days following delivery by The Karlsson Group of written notice to us. The Karlsson Group has not delivered a notice of default to us; however, there can be no assurance that such negotiations will be successful nor that The Karlsson Group will not deliver a notice of default in the future.

 

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.

 

 

 

PROSPECT GLOBAL RESOURCES INC.

 

 

 

 

By:

/s/ Damon G. Barber

Date:  April 1, 2013

 

Chief Executive Officer

 

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