United States
Securities and Exchange Commission
Washington, DC 20549
Date of Report (Date of earliest event reported) May 1, 2007
| Arena Resources, Inc. | ||||
| (Exact Name of Registrant as Specified in its Charter) | ||||
| Nevada | 333-46164 | 73-1596109 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
||
4920 South Lewis Street, Suite 107, Tulsa, Oklahoma 74105
(Address of principal executive offices)
Registrant's telephone number, including area code (918) 747-6060
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 1, 2007, Mr. Charles M. Crawford submitted his resignation as a member of the Board of Directors of Arena Resources, Inc. (the “Company”). As an “independent director” of the Company, Mr. Crawford had served as a member of the Company’s Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee.
Pursuant to the authority granted to the Board of Directors by the Company’s Bylaws, effective May 1, 2007, the remaining directors unanimously appointed Mr. Carl H. Fiddner to fill the vacancy in the Board of Directors created by Mr. Crawford’s resignation. Mr. Fiddner is a Certified Public Accountant, practicing with the firm of Regier, Carr & Monroe, in Tulsa, Oklahoma, since December 2005. Prior to joining this firm, Mr. Fiddner managed his own public accounting firm for 25 years.
The Board of Directors has determined that Mr. Fiddner qualifies as an independent director (as provided in Section 303A.02 of the New York Stock Exchange Corporate Governance Standards) and, therefore, Mr. Fiddner will fill the positions previously held by Mr. Crawford on the Company’s Compensation Committee and Nominating Committee and Corporate Governance Committee. Further, the Board of Directors has determined that Mr. Fiddner qualifies under Rule 10A-3 of the Securities Exchange Act of 1934, as amended, and Section 303.A.07 of the New York Stock Corporate Governance Standards, and will, therefore, also serve on the Company’s Audit Committee.
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.
| ARENA RESOURCES, INC. | ||
| Date: May 1, 2007 | By: | William R. Broaddrick |
| William R. Broaddrick | ||
| Vice President | ||