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| ZAZA > SEC Filings for ZAZA > Form 8-K on 22-May-2012 | All Recent SEC Filings |
22-May-2012
Change in Directors or Principal Officers, Financial Statements and Exhibits
On May 21, 2012, ZaZa Energy Corporation (the "Company") announced that Todd Alan Brooks, age 37, has been appointed as President of the Company. Mr. Brooks, who previously served as Executive Director - Land, Legal and Finance, will continue to serve as a member of the board of directors (the "Board") of the Company.
In addition to those transactions that have previously been publicly disclosed, Mr. Brooks holds 25% of the partnership interests of Lot-A-Go 5 (''LG5''), an airplane rental company. From time to time, ZaZa LLC rented a plane for business travel reasons. ZaZa LLC was charged for the pilots' time, hanger fees and fuel. ZaZa LLC paid LG5 approximately $700,000 for such expenses for the period ended December 31, 2011. In addition, LG5 provided a short-term working capital no interest loan of $220,000, of which $80,000 remained outstanding at December 31, 2011. The relationship between LG5 and the Company was terminated in the second quarter of 2012.
A copy of the Company's press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Exhibit No. Description
99.1 Press release, dated May 21, 2012.
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