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LEI > SEC Filings for LEI > Form 8-K on 1-Oct-2013All Recent SEC Filings

Show all filings for LUCAS ENERGY, INC.



Change in Directors or Principal Officers, Financial Statements and Exhibits

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

On September 30, 2013, Lucas Energy, Inc. ("Lucas" or the "Company") entered into a separation agreement with William J. Dale, the Chief Financial Officer, Treasurer and Secretary of the Company. The separation agreement follows discussions between Mr. Dale and the Company regarding Mr. Dale's desire to pursue other interests.

The separation agreement provided for Mr. Dale's resignation as the Chief Financial Officer, Treasurer, and Secretary of the Company, effective September 30, 2013; mutual releases of the parties relating to Mr. Dale's employment (provided that the releases will not affect any right Mr. Dale may have to seek indemnification under the Company's articles of incorporation or bylaws); the payment to Mr. Dale of five months' of salary (payable over the next five months) as severance pay; and Mr. Dale agreed to provide reasonable services to the Company in connection with the transition of his services.

Anthony C. Schnur, Lucas's Chief Executive Officer and former Chief Financial Officer, will immediately assume Mr. Dale's duties.

Item 9.01 Financial Statements And Exhibits.

Exhibit No. Description

99.1* Press Release

* Furnished herewith.

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