News Column

GAS NATURAL INC. FILES (8-K) Disclosing Other Events

July 31, 2014

Item 8.01 Other Events.

While Mr. Richard M. Osborne was chairman and CEO of the company, on March 12, 2014, Gas Natural Inc. filed an application for exemption with the Public Service Commission of Wyoming concerning a preferred stock rights plan. The company requested confidential treatment for the application and plan. The application has not yet been approved by the commission and the rights plan has not been effectuated by the company. On July 30, 2014, Gas Natural held its annual meeting of shareholders. During the meeting, Mr. Osborne's counsel publicly disclosed that the company had filed an application for the rights plan in Wyoming, although neither Mr. Osborne nor his attorney had notified the company that he intended to publicly disclose this confidential information. Upon conclusion of the shareholders' meeting, Gas Natural's newly-appointed board of directors determined that the rights plan is unnecessary and the company intends to withdraw the Wyoming application.


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Source: Edgar Glimpses

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