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): January 5, 2009
HKN, INC.
(Exact Name of registrant as specified in its charter)
Delaware |
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1-10262 |
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95-2841597 |
(State or other jurisdiction of |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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180 State Street, Suite 200 |
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76092 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (817) 424-2424
Former Name or Former Address, if Changed Since Last Report: Not applicable
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On January 5, 2009, HKN, Inc. (the Company) announced that the Companys Board of Directors has authorized an amendment to the existing stock repurchase program, announced in September 2005, allowing the Company to buy back up to an additional 1,000,000 shares of its common stock. The existing program has 237,280 shares remaining as of December 31, 2008.
This amendment allows the Company to buy back up to 1,237,280 shares of its common stock. All repurchases will be made from time to time in the open market or through privately negotiated transactions when opportunities to do so at favorable prices present themselves in compliance with all applicable laws and regulations including the Securities and Exchange Commission rules.
The announcement is contained in a press release from the Company that is attached hereto as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit |
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Description |
99.1 |
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HKN, Inc. Press Release announcing stock repurchase plan dated January 5, 2009 |
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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HKN, Inc. |
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(Registrant) |
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Date: January 5, 2009 |
By: |
/s/ Anna Williams |
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Anna Williams Senior Vice President and CFO |
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List of Exhibits
Exhibit |
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Description |
99.1 |
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HKN, Inc. Press Release announcing stock repurchase plan dated January 5, 2009 |
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