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 JUNE 6, 2003, June 6, 2003
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June 6, 2003 (DATE OF EARLIEST EVENT REPORTED)
CHESAPEAKE ENERGY CORPORATION
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(Exact name of Registrant as specified in its Charter)
OKLAHOMA 1-13726 73-1395733
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
6100 NORTH WESTERN AVENUE, OKLAHOMA CITY, OKLAHOMA 73118
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(Address of principal executive offices) (Zip Code)
(405)848-8000
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(Registrant's telephone number, including area code)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
Chesapeake Energy Corporation ("Chesapeake") issued the following press
release on June 6, 2003:
CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY
COMMON AND PREFERRED STOCK DIVIDENDS
COMMON STOCK DIVIDEND RAISED 17% FROM ANNUAL RATE OF $0.12
PER COMMON SHARE TO $0.14 PER COMMON SHARE
OKLAHOMA CITY, OKLAHOMA, JUNE 6, 2003 -- Chesapeake Energy Corporation
(NYSE:CHK) today announced that its Board of Directors declared a $0.035 per
share quarterly common stock dividend that will be paid on July 15, 2003 to
common shareholders of record on July 1, 2003, an increase of $0.005 per share
from the quarterly dividend paid on April 15, 2003. Chesapeake has approximately
214 million common shares outstanding.
Chesapeake's Board also declared a quarterly cash dividend on Chesapeake's
6.75% Cumulative Convertible Preferred Stock, par value $0.01. The dividend for
the 6.75% preferred stock is payable on August 15, 2003 to preferred
shareholders of record on August 1, 2003 at the quarterly rate of $0.84375 per
share. Chesapeake has 2.998 million shares outstanding of 6.75% preferred stock
with a liquidation value of $149.9 million.
In addition, Chesapeake's Board declared a quarterly cash dividend on
Chesapeake's 6.0% Cumulative Convertible Preferred Stock, par value $0.01. The
dividend for the 6.0% preferred stock is payable on September 15, 2003 to
preferred shareholders of record on September 2, 2003 at the quarterly rate of
$0.75 per share. Chesapeake has 4.6 million shares of 6.0% preferred stock
outstanding with a liquidation value of $230 million.
Chesapeake Energy Corporation is one of the eight largest independent
natural gas producers in the U.S. Headquartered in Oklahoma City, the company's
operations are focused on exploratory and developmental drilling and producing
property acquisitions in the Mid-Continent region of the United States. The
company's Internet address is www.chkenergy.com.
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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.
CHESAPEAKE ENERGY CORPORATION
BY: /S/ AUBREY K. MCCLENDON
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AUBREY K. MCCLENDON
Chairman of the Board and
Chief Executive Officer
Dated: June 6, 2003
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