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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: October 18, 2016
(Date of earliest event reported)
Yuma Energy, Inc.
(Exact name of registrant as specified in its charter)
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CALIFORNIA
(State or other jurisdiction
of incorporation)
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001-32989
(Commission File Number)
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94-0787340
(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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☐
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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☐
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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 October 18, 2016, the Compensation Committee (the
“Committee”) of the Board of Directors (the
“Board”) of Yuma Energy, Inc. (the
“Company”) granted restricted stock awards under the
Company’s 2014 Long-Term Incentive Plan (the
“Plan”) and pursuant to a restricted stock award
agreement (the “RSA Agreement”) to Sam L. Banks,
President and Chief Executive Officer of the Company, Paul D.
McKinney, Executive Vice President and Chief Operating Officer of
the Company, and James J. Jacobs, Chief Financial Officer of the
Company. The table below sets forth the restricted stock awards for
Messrs. Banks, McKinney and Jacobs, as follows:
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Number of Shares of
Restricted Common Stock (1)
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Sam
L. Banks
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510,929
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Paul
D. McKinney
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420,765
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James
J. Jacobs
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264,481
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(1)
The
restricted stock awards vest immediately upon grant.
In addition, on October 18, 2016, the Committee granted restricted
stock awards under the Plan and pursuant to an RSA Agreement to
non-employee directors of Company consistent with the non-employee
director compensation plan previously adopted by the Board, as
follows:
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Non-Employee
Director
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Number of
Shares of Restricted Common Stock
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James
W. Christmas
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420,345(1)
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Frank
A. Lodzinski
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420,345(1)
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Ben
T. Morris
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367,802(2)
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Richard
K. Stoneburner
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420,345(1)
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(1)
Immediately
vests as to 367,802 shares of restricted common stock and 52,543
shares of restricted common stock vest on January 1,
2017.
(2)
Immediately
vests as to all shares of restricted common stock.
The
description of the form of RSA Agreement contained in this Item
5.02 does not purport to be complete and is qualified in its
entirety by reference to the form of RSA Agreement filed as Exhibit
10.1 to this Current Report on Form 8-K and is incorporated by
reference herein.
Item
9.01
Financial
Statements and Exhibits.
(d) Exhibits.
The
following exhibit is included with this Current Report on Form
8-K:
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Exhibit
No.
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Description
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10.1
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Form of
Restricted Stock Award Agreement (incorporated by reference to
Exhibit 10.1 to the Registrant’s Current Report on Form 8-K
filed with the Commission on June 15, 2015).
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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:
October 21, 2016
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Title:
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President
and Chief Executive Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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10.1
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Form of
Restricted Stock Award Agreement (incorporated by reference to
Exhibit 10.1 to the Registrant’s Current Report on Form 8-K
filed with the Commission on June 15, 2015).
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