Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - US GEOTHERMAL INC | exhibit99-1.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- August 10, 2015
(Date of earliest event
reported)
US GEOTHERMAL INC.
(Exact Name of Registrant as Specified in Its Charter)
| Delaware | 001-34023 | 84-1472231 |
| (State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
390 E Parkcenter Blvd, Suite 250, Boise, Idaho
83706
(Address of principal executive offices) (Zip Code)
208-424-1027
(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):
[ ] 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 7.01 | Regulation FD Disclosure |
On August 10, 2015, U.S. Geothermal Inc. (the “Company”) announced that a Special Committee of the Company had selected Marathon Capital to serve as its financial advisor to consider strategic alternatives to maximize shareholder value. A copy of the press release announcing the appointment is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On August 10, 2015, the Company also announced that its Board of Directors had approved a stock repurchase program, pursuant to which the Company is authorized to repurchase, from time to time, up to $2 million of its outstanding common stock through the end of July 2016. The extent to which the Company repurchases its common stock and the timing of the repurchases will depend upon market conditions and other corporate considerations. The Company intends to pay for any stock repurchased with existing cash balances.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| 99.1 | Press release dated August 10, 2015 announcing the appointment of Marathon Capital, a stock repurchase plan and a plan to evaluate other strategic alternatives. |
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.
| Dated: August 10, 2015 | U.S. Geothermal Inc. | |
| By: | /s/ Kerry D. Hawkley | |
| Kerry D. Hawkley | ||
| Chief Financial Officer | ||