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BAS > SEC Filings for BAS > Form 8-K on 26-Aug-2013All Recent SEC Filings

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Change in Directors or Principal Officers, Financial Statements and Exh

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed in the Current Report on Form 8-K filed by Basic Energy Services, Inc. ("Basic") on March 28, 2013 (the "March 8-K"), Kenneth V. Huseman informed the board of directors (the "Board") of Basic that he intended to retire from his positions as President and Chief Executive Officer of Basic effective December 31, 2013. On August 20, 2013, Mr. Huseman informed the Board that he will now retire from these positions effective September 30, 2013. Mr. Huseman will remain a member of the Board following his retirement.

As previously disclosed in the Current Report on Form 8-K filed by Basic on May 7, 2013 (the "May 8-K"), Thomas Monroe "Roe" Patterson, currently Basic's Senior Vice President and Chief Operating Officer, will succeed Mr. Huseman as President and Chief Executive Officer effective upon Mr. Huseman's retirement. On August 20, 2013, the Board increased the size of the Board from eight to nine directors and appointed Mr. Patterson to the Board, effective as of September 30, 2013, the date of his succession as Basic's President and Chief Executive Officer. Mr. Patterson is not expected to be named to any committees of the Board.

A copy of the press release announcing Mr. Huseman's earlier retirement date is being filed as Exhibit 99.1 hereto and is incorporated herein by reference.

To the extent required by Item 5.02 of Form 8-K, the disclosures under Item 5.02 and Item 9.01 of the March 8-K and the disclosures under Item 5.02 and Item 9.01 of the May 8-K are incorporated by reference in this Item 5.02 pursuant to General Instruction B.3 to Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated August 26, 2013

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