Item 5.04. Temporary Suspension of Trading Under Registrant's Employee Benefit
Plans.
On March 18, 2013, Quicksilver Resources Inc. (the "Company") sent a notice
pursuant to Section 306 of the Sarbanes-Oxley Act of 2002 (the "Notice") to its
directors and executive officers informing them that, due to the Company's
inability to timely file its Annual Report on Form 10-K ("Annual Report"), the
Company would not be able to issue Company common stock, $0.01 par value
("Company Common Stock"), pursuant to the Quicksilver Resources Inc. 401(k)
Plan, as amended (the "401(k) Plan"), commencing on March 18, 2013 and ending on
the date on which the Company files its Annual Report (the "Blackout Period"),
which the Company expects to be during the week of March 18, 2013. During the
Blackout Period, participants in the 401(k) Plan will not be able to purchase or
otherwise acquire interests in Company Common Stock or make changes in
investment elections or deferral percentages in the 401(k) Plan that would
result in any purchase or other acquisition of Company Common Stock. During the
Blackout Period, all directors and executive officers of the Company will be
prohibited from, directly or indirectly, purchasing, selling or otherwise
acquiring or transferring Company Common Stock (or related securities, including
derivative securities) acquired in connection with employment or service as a
director or executive officer of the Company.
Stockholders or other interested parties may obtain, without charge, information
regarding the Blackout Period, including information as to whether the Blackout
Period has begun or ended, by contacting Francisco J. Villamar, Legal Counsel
and Assistant Secretary, 801 Cherry Street, Suite 3700, Unit 19, Fort Worth,
Texas 76102, or by telephone at (817) 665-5000.
A copy of the Notice is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Notice to Directors and Executive Officers dated March 18, 2013
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