GeoMet 8-K 2012
Washington, D.C. 20549
Date of Report (Date of earliest event reported)
July 27, 2012
(Exact name of registrant as specified in its charter)
909 Fannin, Suite 1850
Houston, Texas, 77010
(Address of principal executive offices)
(Registrants telephone number, including area code)
(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:
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))
SECTION 1 Registrants Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On July 27, 2012, GeoMet, Inc. (the Company) and the banks executed an amendment (the Third Amendment) to the Fifth Amended and Restated Credit Agreement, effective July 25, 2012. The Third Amendment extends the date by which the Company can provide written notice stating the action it proposes to take to remedy its previously disclosed borrowing base deficiency from July 31, 2012 to August 8, 2012.
The foregoing description of the Third Amendment is qualified in its entirety by reference to the Third Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
SECTION 7 Regulation FD
Item 7.01. Regulation FD Disclosure.
On July 31, 2012, the Company issued a press release announcing that its lenders have provided a second extension, from July 31, 2012 to August 8, 2012, to complete an agreement dealing with the Companys borrowing base deficiency under its credit agreement.
A copy of the press release dated July 31, 2012 is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.
The information set forth in the attached Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
SECTION 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.