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BAS > SEC Filings for BAS > Form 8-K on 13-Jun-2014All Recent SEC Filings

Show all filings for BASIC ENERGY SERVICES INC



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

On June 9, 2014, Basic Energy Services, Inc. ("Basic") entered into an underwriting agreement (the "Underwriting Agreement") dated June 9, 2014, among Basic, the selling stockholders named in Schedule II thereto (the "Selling Stockholders") and Goldman, Sachs & Co. (the "Underwriter"), relating to the sale (the "Offering") by the Selling Stockholders to the Underwriter of an aggregate of 6,000,000 shares of Basic's common stock, par value $0.01 per share (the "Common Stock"). Pursuant to the Underwriting Agreement, the Selling Stockholders granted an option to the Underwriter for a period of 30 days to purchase up to an additional 900,000 shares of Common Stock.

The material terms of the Offering are described in the prospectus supplement dated June 9, 2014, filed by Basic with the Securities and Exchange Commission (the "SEC") on June 11, 2014 pursuant to Rule 424(b)(7) under the Securities Act of 1933, as amended (the "Securities Act"). The Offering is registered with the SEC pursuant to an effective registration statement on Form S-3 (File No. 333-180673) filed by Basic under the Securities Act with the SEC on April 11, 2012.

In the Underwriting Agreement, Basic and the Selling Stockholders each agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act, and to contribute to payments the Underwriter may be required to make because of any of those liabilities.

The Offering closed on June 12, 2014. Basic did not receive any proceeds from the Offering, and the number of outstanding shares of Basic's Common Stock remained unchanged as a result of the Offering.

The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

1.1 Underwriting Agreement dated June 9, 2014, among Basic, the selling stockholders named in Schedule II thereto and Goldman, Sachs & Co.

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