SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): April 15, 2019
LAREDO PETROLEUM, INC.
(Exact name of registrant as specified in charter)
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
15 W. Sixth Street, Suite 900, Tulsa, Oklahoma
(Address of principal executive offices)
Registrant’s telephone number, including area code: (918) 513-4570
(Former name or former address, if changed since last report)
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:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company o
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. o
Item 8.01. Other Events.
Laredo Petroleum, Inc. has settled its previously disclosed litigation with Shell Trading (US) Company ("Shell"). The litigation commenced in May 2017 and related to a crude oil purchase agreement previously entered into between Laredo and Shell effective as of October 1, 2016. Pursuant to such settlement, on April 12, 2019, Laredo received a one-time payment of $42.5 million from Shell and both parties dismissed their respective claims with prejudice. The cash payment will be recorded as non-operating income on Laredo’s consolidated statement of operations in connection with the litigation settlement.
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.
LAREDO PETROLEUM, INC.
Dated: April 15, 2019
/s/ Mark D. Denny
Mark D. Denny
Senior Vice President and General Counsel