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EX-5.1 - EX-5.1 - Gas Natural Inc.d566096dex51.htm
EX-99.1 - EX-99.1 - Gas Natural Inc.d566096dex991.htm
EX-1.1 - EX-1.1 - Gas Natural Inc.d566096dex11.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report: July 11, 2013

(Date of earliest event reported)

 

 

Gas Natural Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Ohio   001-34585   27-3003768

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

1 First Avenue South, Great Falls, Montana   59401
(Address of principal executive offices)   (Zip Code)

(406) 791-7500

(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))

 

 

 


Item 1.01 Entry into a Material Definitive Agreement

On July 11, 2013, Gas Natural Inc., an Ohio corporation (the “Company”), in connection with a firm underwritten public offering of shares of its common stock (the “Offering”), entered into an underwriting agreement (the “Underwriting Agreement”), with Janney Montgomery Scott LLC, as representative of the several underwriters named therein (the “Underwriters”).

The Offering is being made pursuant to the Company’s shelf Registration Statement on Form S-3 (Registration No. 333-185634), declared effective by the Securities and Exchange Commission (the “Commission”), on February 1, 2013, as amended and supplemented by a final prospectus supplement dated July 11, 2013 (the “Registration Statement”).

Under the Underwriting Agreement, the Underwriters agreed to purchase for resale to the public 1,500,000 shares of the Company’s common stock, par value $0.15 per share (the “Firm Shares”), at a price of $10.00 per share, less an underwriting discount of 5.75%. The Company also granted to the Underwriters a 30-day option to purchase up to an additional 225,000 shares of common stock, par value $0.15 per share (the “Optional Shares” and together with the Firm Shares, the “Offering Shares”) to cover over-allotments, if any. The sale price of the Optional Shares, if any gets sold, will also be $10.00 per Share. The Company expects to use the net proceeds resulting from this Offering for capital expenditures, working capital and other general corporate purposes. The Offering is expected to close on Tuesday, July 16, 2013, subject to the satisfaction of customary closing conditions set forth in the Underwriting Agreement.

The Company has agreed to indemnify the Underwriters against various liabilities, including liabilities under the Securities Act of 1933, as amended, or to contribute to payments the Underwriters may be required to make in respect of those liabilities. In addition, the Underwriting Agreement contains customary representations, warranties and agreements of the Company.

A copy of the Underwriting Agreement has been included to provide security holders with information regarding its terms. The Underwriting Agreement is not intended to provide any other factual information about the Company. The representations, warranties and covenants contained in the Underwriting Agreement were made solely for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to the Underwriting Agreement, and may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures exchanged between the parties in connection with the execution of the Underwriting Agreement.

The foregoing summary of the Underwriting Agreement is incomplete and is qualified in its entirety by the Underwriting Agreement, which is attached as Exhibit 1.1 to this Current Report on Form 8-K (this “Report”), and incorporated by reference herein.


Item 7.01 Regulation FD Disclosure

On July 11, 2013, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached as Exhibit 99.1 to this Report and incorporated by reference herein.

The information contained in Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. In addition, the information contained in Exhibit 99.1 shall not be incorporated by reference into any of the Company’s filings with the Commission or any other document except as shall be expressly set forth by specific reference in such filing or document.

Item 8.01 Other Events

In connection with the Offering, the Company is filing as Exhibit 5.1 to this Report the legal opinion of Kohrman Jackson and Krantz P.L.L. (“KJK”), dated July 11, 2013 (the “Opinion”), relating to the legality of the issuance of the Offering Shares by the Company. The Opinion is to be incorporated by reference into the Registration Statement. KJK’s consent to have the Opinion filed as an exhibit to this Report is also included in Exhibit 5.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.    Description
  1.1    Underwriting Agreement, dated July 11, 2013, between Gas Natural Inc. and Janney Montgomery Scott LLC, as representative of the underwriters named therein.
  5.1    Legal Opinion of Kohrman Jackson and Krantz P.L.L., dated July 11, 2013.
23.1    Consent of Kohrman Jackson and Krantz P.L.L. (included in Exhibit 5.1).
99.1    Press Release dated July 11, 2013.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Gas Natural Inc.
By:   /s/ Rebecca L. Howell
Name:   Rebecca L. Howell
Title:   Corporate Controller

Dated: July 11, 2013