What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to formally report the elimination and retirement of 134 shares of Chesapeake Energy Corporation's 6.00% Cumulative Convertible Preferred Stock from its capital structure.

Why were these preferred shares eliminated?

These specific 134 shares were eliminated because they were converted by a shareholder into Chesapeake Energy's common stock. The company then acquired and retired these converted shares.

Does this elimination affect the rights of other preferred stockholders?

No, this filing concerns the retirement of a specific block of preferred stock that was converted. It does not impact the rights or terms of any other outstanding preferred stock.

What is the significance of this action for Chesapeake Energy?

The elimination formally reduces the number of authorized preferred shares, simplifying the company's capital structure. For investors, it signifies a conversion event, where preferred stock was exchanged for common stock.

EXPAND ENERGY Corp 8-K: Corporate Changes

Summary

Chesapeake Energy Corporation (CHK) filed an 8-K on February 21, 2006, to report the elimination of 134 shares of its 6.00% Cumulative Convertible Preferred Stock. These shares were retired after being converted by a holder into the company's common stock. This action formally removes these specific preferred shares from the company's capital structure.

Key Highlights

1Chesapeake Energy Corporation filed a Certificate of Elimination on February 17, 2006.
2134 shares of 6.00% Cumulative Convertible Preferred Stock were retired.
3The preferred shares were acquired by the company through a conversion into common stock.
4This filing formally amends the company's charter by reducing the number of authorized preferred shares.
5The event is effective as of February 17, 2006.

EXPAND ENERGY Corp 8-K Report, Bylaw Amendment (Feb 21, 2006)

Summary

Key Highlights

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