21 Jan 2020auditor change● Neutral
Altex dismissed Thayer O'Neal and appointed M&K CPAS PLLC as its new auditor.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Oct 2017auditor change● Neutral
Altex dismissed Malone Bailey LLP as auditor and appointed Thayer O'Neal Company.
30 Aug 2013auditor change● Neutral
Auditor Comiskey and Company declined to stand for re-election; Altex appointed Malone Bailey LLP in its place.
1 Nov 2006material agreement● Neutral
Altex renewed CEO Steven H. Cardin's employment agreement for another five years at $244,334/year plus a bonus of at least 10% of pretax profits.
18 Sept 2006material agreement● Neutral
Altex bought back the shares two outside directors had purchased in 1998 with company loans, letting them use the proceeds to retire those decade-old loans -- a routine cleanup of an old insider financing arrangement.
10 Jan 2006asset acquisition disposition▼ BadMajor
The Wyoming asset sales to Wellstar, Chaparral and Penroc closed, bringing in about $2.39 million cash combined and leaving Altex with only minor Utah royalty interests.
19 Dec 2005material agreement▼ BadMajor
At an oil and gas asset auction, Altex agreed to sell essentially all its remaining Wyoming working and royalty interests -- to Wellstar (~$1.85M), Chaparral Energy (~$335K) and Penroc Oil (~$180K) -- retaining only minor Utah and undeveloped Wyoming interests, effectively exiting active oil and gas operations.
27 Oct 2005material agreement● Neutral
Altex's subsidiary Altex Oil Corporation conveyed its interests in three producing Thunder Creek wells in Campbell County, Wyoming, plus the associated leases and agreements, to Powder River Coal Company. It received gross proceeds of $222,000.
14 Oct 2004auditor change● Neutral
Altex's longtime auditor Burdick, Meritt & Associates declined to stand for re-election; the company engaged Comiskey & Company as its new principal accountant.