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): June 1, 2010 (May 27,
2010)
HALLADOR
ENERGY COMPANY
(Exact name of
registrant as specified in its charter)
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Colorado
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0-14731
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84-1014610
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(State or
Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1660 Lincoln
Street, Suite 2700, Denver Colorado
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80264-2701
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(Address of
principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area
code: 303-839-5504
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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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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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1
Item 5.02:
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers
On
May 27, 2010 our Board of Directors declared a special one-time cash
dividend of $0.10 per common share of which there are 27,782,028 outstanding.
The cash dividend will be payable July 16, 2010 to shareholders of record at the
close of business July 9, 2010.
Furthermore,
the board approved that the $.10 dividend would also apply to the 1,152,000
outstanding restricted stock units and to the 434,167 outstanding stock
options. The total cash payment for all the outstanding securities will be
about $2.9 million.
Victor
Stabio, our CEO, will receive a cash payment of $53,000 for his 330,000
outstanding RSUs and 200,000 outstanding stock options; Brent Bilsland, our
President, will receive a cash payment of $25,000 for his 250,000 outstanding
RSUs; Andy Bishop, our CFO, will receive a cash payment of $20,000 for his
200,000 outstanding RSUs and Larry Martin, the CFO of our wholly- owned
subsidiary, Sunrise Coal, will receive a cash payment of $2,500 for his 25,000
outstanding RSUs. These payments are exclusive of the cash payments
the four officers will each receive pursuant to their respective stock
ownership.
Item
9.01: Financial Statements and Exhibits
(d) Exhibits
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99 -
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Hallador
Energy Company Announces a One-Time Cash Dividend of $0.10 Per
Share
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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.
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Date: June
1, 2010
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HALLADOR
ENERGY COMPANY
By:/S/W.
ANDERSON BISHOP
W.
Anderson Bishop, CFO
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2