Form 8-K Genie Energy Ltd. For: Nov 12
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT �
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): November 12, 2014�
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GENIE ENERGY LTD.
(Exact Name of Registrant as Specified in its Charter)
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1-35327
(Commission File Number)
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| Delaware | � | 45-2069276 |
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(State or other jurisdiction of incorporation) |
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(IRS Employer Identification No.) |
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550 Broad Street Newark, New Jersey |
� | 07102 |
| (Address of principal executive offices) | � | (Zip Code) |
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Registrant’s telephone number, including area code: (973) 438-3500
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Not Applicable
(Former name or former address, if changed since last report.)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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| � | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| � | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| � | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| � | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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| Item�7.01 | Regulation FD Disclosure. |
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On November 12, 2014, Genie Energy Ltd. (the “Registrant”) posted the attached release (the “Release”) to the investor relations page of the Registrant’s website (www.genie.com) relating to the Registrant’s forthcoming dividend. A copy of the Release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
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The Registrant is furnishing the information contained in this Report, including Exhibit 99.1, pursuant to Item 7.01 of Form 8-K promulgated by the Securities and Exchange Commission (the “SEC”). This information shall not be deemed to be “filed” with the SEC or incorporated by reference into any other filing with the SEC. In addition, the questions and answers posting contain statements intended as “forward-looking statements” that are subject to the cautionary statements about forward-looking statements set forth in the question and answers posting.
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| Item�8.01 | Other Events. |
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The information contained in Item 7.01 above is incorporated herein by reference into this Item 8.01.
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| Item�9.01 | Financial Statements and Exhibits. |
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| (d) | Exhibits. |
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Exhibit�No. |
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| 99.1 | � |
Release, dated November 12, 2014.� |
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| 2 |
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| � | GENIE ENERGY LTD. | |
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| � | By: | /s/ Howard S. Jonas |
| � | � | Name: Howard S. Jonas |
| � | � | Title: ��Chief Executive Officer |
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Dated: November 12, 2014 |
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| 3 |
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Exhibit Index
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Exhibit�No. |
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| 99.1 | � |
Release, dated November 12, 2014. |
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4
Exhibit 99.1
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GENIE ENERGY TO PAY QUARTERLY DIVIDEND OF $0.06 PER SHARE OF COMMON STOCK
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NEWARK NJ – November 12, 2014: The Board of Directors of Genie Energy Ltd., (NYSE: GNE, GNEPRA) today initiated payment of a quarterly dividend to holders of its Class A and Class B common stock and declared a dividend of $0.06 per share for the third quarter of 2014. The dividend will be paid on or about December 2, 2014 to stockholders of record as of the close of business on November 24, 2014. The ex-dividend date will be November 20, 2014.
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The distribution will be treated as a return of capital for income tax purposes.
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Genie Energy’s Chairman and CEO, Howard Jonas, said, “We were pleased by the Company’s rapid recovery from the polar vortex. Given the resiliency of our retail business and balance sheet liquidity, we are in a strong position to return cash directly to our common stock holders.”
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Genie Energy also pays a quarterly dividend of $0.1594 per share of its Series 2012-A Preferred Stock (NYSE: GNEPRA).
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About Genie Energy Ltd.:
Genie Energy Ltd. (NYSE: GNE, GNEPRA) is comprised of IDT Energy and Genie Oil and Gas (GOGAS). IDT Energy is a retail energy provider supplying electricity and natural gas to residential and small business customers in the Northeastern United States. GOGAS is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other fuel resources. GOGAS resource development projects include a conventional oil and gas exploration program in Israel and in-situ oil shale projects in Colorado, Israel and Mongolia. For more information, visit www.genie.com.
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Contact:
Genie Energy Investor Relations
Bill Ulrey
P:�(973) 438-3848
E-mail: [email protected]
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