2 Nov 2023securities registration● Neutral
DENBURY INC amended an already-effective registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Oct 2023material agreement● Neutral
On 27 Oct 2023 Denbury signed a Fourth Amendment to its 18 Sep 2020 revolving credit facility with JPMorgan Chase as agent, to accommodate provisions tied to the pending Exxon acquisition. The filing does not state what the changes are. It also confirms Exxon's Form S-4 became effective on 29 Sep 2023 and the proxy was mailed that day.
17 Oct 2023director interest notice● Neutral
DENBURY INC President and CEO Christian S Kendall acquired 93 shares at $73.32 under a company stock plan.
29 Sept 2023business combination▲ GoodMajor
Denbury sent shareholders the final proxy statement/prospectus for the Exxon merger, with a special meeting on 31 Oct 2023 (record date 27 Sep 2023). Each Denbury share would get 0.840 Exxon share, worth about $100.35 at Exxon's $119.47 close on 28 Sep 2023, a roughly 14.36% premium to Denbury's $87.75 close on 12 Jul 2023; the board unanimously recommends a vote in favour, and approval needs a majority of outstanding shares. This continues the pending merger and moves it to the shareholder vote.
31 Aug 2023director interest notice● Neutral
DENBURY INC President and CEO Christian S Kendall exercised stock options for 2,159 shares and disposed of 3,568 shares.
31 Aug 2023director interest notice● Neutral
DENBURY INC EVP and COO David E Sheppard exercised stock options for 210 shares and disposed of 347 shares.
24 Aug 2023director interest notice● Neutral
DENBURY INC EVP, CAO, GC & Sec'y James S. Matthews exercised stock options for 628 shares and disposed of 1,041 shares.
9 Aug 2023director interest notice● Neutral
DENBURY INC director Kevin Omar Meyers exercised stock options for 748 shares and disposed of 748 shares.
4 Aug 2023quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $329.0 million and net income of $67.3 million for the period ended 2023-06-30.
3 Aug 2023quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $329.0 million and net income of $67.3 million for the period ended 2023-06-30.
31 July 2023material agreement● Neutral
This amendment repeats the 13 Jul 2023 Exxon merger filing solely to correct the exhibit number for the merger agreement to Exhibit 2.1. No terms of the deal changed.
14 July 2023director interest notice● Neutral
DENBURY INC President and CEO Christian S Kendall acquired 195 shares at $73.32 under a company stock plan.
14 July 2023business combination▲ GoodMajor
Denbury's merger agreement with Exxon Mobil gives each Denbury share 0.840 Exxon shares (cash for fractions), with existing Denbury shares cancelled at closing. Closing needs Denbury shareholder approval, US antitrust (HSR) clearance, an effective Form S-4 and NYSE listing of the new shares; either side can walk away after 13 Jul 2024 (extendable to 13 Jan 2025 if only regulatory approvals are missing). Denbury owes Exxon a $144m fee if it changes its recommendation or takes a superior proposal, and Exxon owes Denbury $144m if it terminates over a 'Specified Pipeline Event'. The deal is pending, so the equity outcome is not yet final.
13 July 2023business combination● NeutralMajor
On 13 Jul 2023 Denbury agreed to be acquired by Exxon Mobil Corporation through a merger in which Denbury would survive as a wholly owned subsidiary of Exxon. This filing is the announcement notice (with a joint press release); the deal terms are in the companion filing, and the deal still needs shareholder and regulatory approval.
5 July 2023director interest notice● Neutral
DENBURY INC President and CEO Christian S Kendall acquired 231 shares at $73.32 under a company stock plan.
5 July 2023director interest notice● Neutral
DENBURY INC EVP, CAO, GC & Sec'y James S. Matthews acquired 287 shares at $73.32 under a company stock plan.
4 May 2023quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $341.0 million and net income of $89.2 million for the period ended 2023-03-31.
3 May 2023quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $341.0 million and net income of $89.2 million for the period ended 2023-03-31.
15 Mar 2023director interest notice● Neutral
DENBURY INC Vice President and CAO Nicole H. Jennings sold 721 shares.
9 Mar 2023director interest notice● Neutral
DENBURY INC director Anthony Abate received 1,768 shares as part of the equity award.
9 Mar 2023director interest notice● Neutral
DENBURY INC director James N Chapman received 1,768 shares as part of the equity award.
9 Mar 2023director interest notice● Neutral
DENBURY INC director Brett Wiggs received 1,768 shares as part of the equity award.
9 Mar 2023director interest notice● Neutral
DENBURY INC EVP and COO David E Sheppard acquired 7,073 shares and disposed of 719 in a set of related equity transactions.
9 Mar 2023director interest notice● Neutral
DENBURY INC director Cindy A Yeilding received 1,768 shares as part of the equity award.
9 Mar 2023director interest notice● Neutral
DENBURY INC director Caroline Angoorly received 1,768 shares as part of the equity award.
9 Mar 2023director interest notice● Neutral
DENBURY INC Vice President and CAO Nicole H. Jennings acquired 2,316 shares and disposed of 199 in a set of related equity transactions.
9 Mar 2023director interest notice● Neutral
DENBURY INC director Kevin Omar Meyers received 2,652 shares as part of the equity award.
9 Mar 2023director interest notice● Neutral
DENBURY INC President and CEO Christian S Kendall acquired 22,398 shares and disposed of 3,065 in a set of related equity transactions.
9 Mar 2023director interest notice● Neutral
DENBURY INC EVP, CAO, GC & Sec'y James S. Matthews acquired 5,422 shares and disposed of 636 in a set of related equity transactions.
9 Mar 2023director interest notice● Neutral
DENBURY INC director Lynn A Peterson received 1,768 shares as part of the equity award.