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) July 16, 2019
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W&T Offshore, Inc. |
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(Exact name of registrant as specified in its charter) |
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1-32414 |
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(Commission File Number) |
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Texas |
72-1121985 |
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(State or Other Jurisdiction of |
(IRS Employer Identification |
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Nine Greenway Plaza, Suite 300 Houston, Texas 77046 |
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(Address of Principal Executive Offices) |
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713.626.8525 |
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(Registrant’s Telephone Number, Including Area Code) |
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N/A |
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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 (see General Instruction A.2. below):
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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)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading Symbol |
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Name of each exchange on which registered |
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Common Stock, par value $0.00001 |
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WTI |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Item 8.01 Other Events.
On July 16, 2019, a panel of the United States Fifth Circuit Court of Appeals rendered its opinion in the previously disclosed lawsuit, Apache Deepwater, L.L.C. vs. W&T Offshore, Inc.. The opinion affirmed the previously disclosed trial court judgment against W&T Offshore, Inc. (the “Company”). Company management believes this case has been wrongly decided and intends to continue to pursue vigorously all available legal recourse. As previously disclosed, in 2017 in connection with the appeal, the Company deposited $49.5 million in the registry of the court and accrued such amount as a liability. Accordingly, the Company does not believe that any adverse outcome from this appeal would materially impact its available liquidity, financial position or results of operations.
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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W&T OFFSHORE, INC. (Registrant) |
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Dated: July 16, 2019 |
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/s/ Shahid A. Ghauri |
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Name: |
Shahid A. Ghauri |
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Title: |
Vice President, General Counsel and Corporate Secretary |
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