Summary
EOG Resources, Inc. (EOG) filed a Form 8-K on November 9, 2004, to announce a temporary suspension of trading, also known as a "blackout period," affecting its employee benefit plans. This period is scheduled to begin on December 27, 2004, and is expected to continue until the week of January 10, 2005. The blackout period applies to the EOG Resources, Inc. Savings Plan and the EOG Resources, Inc. Money Purchase Pension Plan. This notification is a regulatory requirement under the Employee Retirement Income Security Act of 1974 (ERISA) and the Sarbanes-Oxley Act of 2002. During this time, participants in these plans will be unable to conduct transactions involving EOG stock held within the plans, such as buying, selling, or transferring shares. The company has provided contact information for participants to obtain the actual ending date of the blackout period.
Key Highlights
- 1EOG Resources, Inc. is implementing a temporary trading suspension (blackout period) for its employee benefit plans.
- 2The blackout period is scheduled to commence on December 27, 2004, and conclude around January 10, 2005.
- 3Affected plans include the EOG Resources, Inc. Savings Plan and the EOG Resources, Inc. Money Purchase Pension Plan.
- 4This action is mandated by regulatory requirements under ERISA and the Sarbanes-Oxley Act.
- 5During the blackout period, participants cannot engage in transactions involving EOG stock held within the plans.
- 6Participants can obtain the exact blackout period end date by contacting Julie Clay at EOG Resources.