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:
April 26, 2017
(Date of
earliest event reported)
Yuma Energy, Inc.
(Exact name of
registrant as specified in its charter)
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DELAWARE
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001-37932
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94-0787340
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(State or other
jurisdictionof
incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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1177 West Loop
South, Suite 1825
Houston, Texas
77027
(Address of
principal executive offices) (Zip Code)
(713)
968-7000
(Registrant’s
telephone number, including area code)
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(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:
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☐
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Written communications pursuant to
Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On April 26, 2017, the Board of Directors (the “Board”)
of Yuma Energy, Inc. (the “Company”) unanimously
adopted a resolution to not fill the vacancy on the Board from the
prior resignation of Stuart E. Davies as a director and to reduce
the size of the Board from seven to six directors. In order to
achieve a more equal balance of membership among the three classes
of directors as required by the Company’s amended and
restated certificate of incorporation, the Board requested that one
of the Class III directors with a term expiring at the 2019 annual
meeting of stockholders move to a Class I director with a term
expiring at the 2017 annual meeting of stockholders. Accordingly,
on April 26, 2017, Richard K. Stoneburner resigned as a Class III
director and Chairman of the Board with a term expiring at the 2019
annual meeting of stockholders and was immediately appointed to the
Board as a Class I director and to Chairman of the Board with a
term expiring at the 2017 annual meeting of stockholders. The
resignation and reappointment of Mr. Stoneburner was effected
solely to rebalance the Board classes and was not due to any
disagreement with the Board, the Company or its management on any
matter relating to the Company’s operations, policies or
practices. For all other purposes, including vesting and other
compensation matters, Mr. Stoneburner’s service on the Board
is deemed to have continued uninterrupted. Mr. Stoneburner will
continue to serve on the Company’s Compensation
Committee.
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.
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YUMA ENERGY, INC.
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By:
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/s/ Sam
L. Banks
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Name:
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Sam L.
Banks
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Date:
May 1, 2017
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Title:
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Chief
Executive Officer
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