Form 8-K date December 20, 2002
 
 
 
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 18, 2002
 
 
 
KFX INC.
(Exact name of Registrant as specified in its charter)
 
 
 
Delaware
  
0-23634
  
84-1079971
(State or other jurisdiction of
incorporation or organization)
  
Commission File Number
  
IRS Employer
Identification Number
 
 
 
3300 East 1st Avenue, Suite 290
Denver, Colorado, USA
  
80206
(Address of principal executive offices)
  
(Zip Code)
 
 
 
(303) 293-2992
(Registrant’s telephone number, including area code)
 
 
 
not applicable
(Former name or former address, if changed since last report)
 
 
 

 
ITEM
 
5.    OTHER EVENTS
 
As described in its press release dated December 19, 2002, KFx Inc. (“KFx” or the “Company”) entered into an agreement to terminate a put option, which was applicable to approximately 6.76 million shares of KFx common stock. This put option was granted to a group of individual investors who purchased the common stock in a series of private transactions during the first three quarters of 2002. As a result of this termination agreement, KFx is no longer obligated to repurchase the common stock from the individual investors. In the absence of this termination agreement, the put option would have expired on December 23, 2002. The termination of the put option will allow KFx to reclassify this common stock from redeemable common stock to stockholders’ equity on the company’s balance sheet.

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ITEM 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
 
(c)
 
Exhibits.
 
Number
   
Description
99.1
   
Press Release, dated December 19, 2002

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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 thereunto duly authorized.
 
Date: December 20, 2002
      
KFx Inc.
(Registrant)
           
By:
  
/s/    Patrick S. Flaherty        
               
Patrick S. Flaherty
Chief Financial Officer

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EXHIBIT INDEX
 
Number
   
Description
99.1
   
Press Release, dated December 19, 2002

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