9 Mar 2017director interest notice● Neutral
Approach Resources Inc director Matthew Kahn received 21,182 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc director James C Crain received 22,807 shares as part of the equity award.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc Chief Administrative Officer J Curtis Henderson received 267,003 shares as part of the equity award.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc director Vean J. Gregg III received 22,807 shares as part of the equity award.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 22,807 shares as part of the equity award.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc CEO J. Ross Craft received 541,221 shares as part of the equity award.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc EVP & Chief Financial Officer Sergei Krylov received 310,300 shares as part of the equity award.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc President & COO Qingming Yang received 324,732 shares as part of the equity award.
9 Mar 2017director interest notice● Neutral
Approach Resources Inc director James H Brandi acquired 22,807 shares and disposed of 400 in a set of related equity transactions.
9 Mar 2017quarterly activities report▼ Bad
Approach reported fourth-quarter 2016 revenue of $26.5 million and a net loss of $13.5 million. For full-year 2016 it reported revenue of $90.3 million and a net loss of $52.2 million.
10 Feb 2017substantial holder notice● Neutral
FIRST MANHATTAN CO reported a Approach Resources Inc shareholding of 1,702,908 shares (4.05% of votes) in a periodic institutional filing.
10 Feb 2017substantial holder notice● Neutral
FIRST MANHATTAN CO reported a Approach Resources Inc shareholding of 1,702,908 shares (4.05% of votes) in a periodic institutional filing.
3 Feb 2017director interest notice● Neutral
Matthew Kahn became a Approach Resources Inc director and company insider (initial ownership filing).
3 Feb 2017director interest notice● Neutral
Morgan Neff became a Approach Resources Inc director and company insider (initial ownership filing).
3 Feb 2017director interest notice● Neutral
Matthew Wilks became a Approach Resources Inc director and company insider (initial ownership filing).
3 Feb 2017substantial holder notice● Neutral
Wilks Brothers, LLC, SDW Investments, LLC, Dan H. Wilks, Staci Wilks, Farris Wilks disclosed a new substantial Approach Resources Inc shareholding (48.39% of votes).
3 Feb 2017director interest notice● Neutral
Wilks Brothers, LLC became a Approach Resources Inc 10%+ owner and company insider (initial ownership filing).
11 Jan 2017agm notice● Neutral
Approach Resources filed a mailing urging stockholders to vote their instruction forms for a Special Meeting to approve parts of its previously announced exchange transactions. It gave internet and phone voting details and a proxy solicitor contact.
10 Jan 2017substantial holder notice● Neutral
EIN reported a Approach Resources Inc shareholding of 1,486,024 shares (3.54% of votes) in a periodic institutional filing.
9 Jan 2017agm notice● Neutral
Approach Resources filed an updated investor presentation ahead of a stockholder meeting to approve parts of its debt-for-equity exchange transactions. It said the exchanges would cut debt and interest expense, with up to $16.1 million of annual interest savings to be redeployed into the 2017 capital budget.
5 Jan 2017agm notice● Neutral
Approach Resources filed an updated January 5, 2017 presentation for stockholders ahead of the special meeting on the debt-for-equity exchange, again citing up to $16.1 million of annual interest savings to be redeployed into the 2017 capital budget.
4 Jan 2017director interest notice● Neutral
Approach Resources Inc President and CEO J. Ross Craft disposed of 63,025 shares via option/appreciation-right settlement.
4 Jan 2017director interest notice● Neutral
Approach Resources Inc EVP & Chief Financial Officer Sergei Krylov disposed of 71,776 shares via option/appreciation-right settlement.
4 Jan 2017director interest notice● Neutral
Approach Resources Inc Chief Administrative Officer J Curtis Henderson disposed of 39,891 shares via option/appreciation-right settlement.
4 Jan 2017director interest notice● Neutral
Approach Resources Inc Chief Operating Officer Qingming Yang disposed of 41,465 shares via option/appreciation-right settlement.
22 Dec 2016security holder rights change● Neutral
On Dec 20, 2016 Approach signed a Second Supplemental Indenture for its 7.00% Senior Notes due 2021, with the Wilks noteholders consenting. It removes substantially all restrictive covenants and some default events, but only if the Wilks exchange closes; if the agreement is terminated, the changes lapse. This is a procedural step in the Nov 2016 exchange, and it would weaken protections for any remaining noteholders.
20 Dec 2016agm notice● Neutral
Approach Resources filed a December 20, 2016 presentation urging stockholders to back the debt-for-equity exchange of its 7.00% notes, which it said would free up to $16.1 million of annual interest savings for the 2017 capital budget.
13 Dec 2016director interest notice● Neutral
Approach Resources Inc Chief Accounting Officer Uma L. Datla had 71 shares withheld for taxes on vesting stock.
13 Dec 2016agm notice● Neutral
Approach Resources sent stockholders a proxy statement for a January 26, 2017 special meeting to vote on share issuance for the Wilks debt-for-equity exchange of its 7.00% notes, an increase in authorized shares to 180,000,000, and a possible adjournment.
8 Dec 2016director interest notice● Neutral
Approach Resources Inc Chief Accounting Officer Uma L. Datla acquired 31,064 shares and disposed of 2,186 in a set of related equity transactions.