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): December 13, 2016
Commission File Number 333-146627
BARON ENERGY, INC.
(Exact name of registrant as specified in its charter)
|
NEVADA
|
26-0582528
|
|
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification Number)
|
300 S. C.M. Allen Parkway
Suite 400
San Marcos, TX 78666
(Address of principal executive offices) (Zip Code)
(512) 392-5775
Registrant's telephone number, including area code
_____________________________________
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
_____________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 3.02 Unregistered Sales of Equity Securities.
On December 13, 2016, the board of directors of Baron Energy, Inc. ("our, "us") authorized the issuance of 2,661,290 shares of our common stock to our Chairman, President, and CEO, Ronnie L. Steinocher, in lieu of $33,000 of cash compensation, leaving $63,000 owed through September 30, 2016. The price per share of $0.0124 was based on the average closing price of our common stock for the last five trading days in September 2016.
On December 13, 2016, the board of directors of Baron Energy, Inc. ("our, "us") authorized the issuance of 2,395,161 shares of our common stock to our Executive Vice President and CFO, Lisa P. Hamilton, in lieu of $29,700 of cash compensation, leaving $72,900 owed through September 30, 2016. The price per share of $0.0124 was based on the average closing price of our common stock for the last five trading days in September 2016.
The shares were issued pursuant to the exemption provided by Section 4(2) of the Securities Act for transactions by an issuer not involving a public offering. The recipient of our securities is an "accredited investor" and he took them for investment purposes without a view to distribution. Furthermore, he had access to information concerning us and our business prospects; there was no general solicitation or advertising for the purchase of our securities; and the securities are restricted pursuant to Rule 144.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The disclosure set forth under Item 3.02 to this Current Report on Form 8-K is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BARON ENERGY, INC.
Date: December 13, 2016 By: s/Ronnie L. Steinocher
Name: Ronnie L. Steinocher
Title: President and Chief Executive Officer