Each one in plain English, with the numbers worked through for a shareholder.
22 June 2012other material event● NeutralMajor
Sanchez Energy Partners I distributed about 21.8 million Sanchez Energy shares (65.2% of the stock) to its partners for no consideration. The company ceased to be a NYSE controlled company, so it formed new committees and split its board into three classes.
Greg Colvin joined the board and Kirsten Hink became principal accounting officer, the first additions to a very thin management layer three months after listing.
SANCHEZ ENERGY PARTNERS I, LP, SEP MANAGEMENT I, LLC, SANCHEZ OIL & GAS CORPORATION, ANTONIO R. SANCHEZ, III, A. R. SANCHEZ, JR reported a Sanchez Energy Corp shareholding of 22,440,909 shares (65.00% of votes) in a periodic institutional filing.
SANCHEZ ENERGY PARTNERS I, LP, SEP MANAGEMENT I, LLC, SANCHEZ OIL & GAS CORPORATION, ANTONIO R. SANCHEZ, III, A. R. SANCHEZ, JR disclosed a new substantial Sanchez Energy Corp shareholding (66.20% of votes).
23 Dec 2011asset acquisition disposition● NeutralMajor
The structure behind the float: family partnership Sanchez Energy Partners I contributed its Eagle Ford interests, Sanchez paid Ross Exploration about $89 million cash and 909,091 shares for 55,000 net undeveloped acres across five South Texas counties, and it signed a services agreement under which Sanchez Oil & Gas supplies all the people who actually run it. Every element of the later story - family control, external management, acreage bought with fresh capital - is set here.
19 Dec 2011director officer appointment▲ GoodMajor
Sanchez Energy floated on the NYSE at $22 a share, raising money to develop Eagle Ford acreage contributed by the Sanchez family's private partnership, and appointed Gilbert Garcia as an independent director in the same filing. The company starts life with capital, family control and no employees of its own.