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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) MARCH 9, 2000 (MARCH 6, 2000)
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CHESAPEAKE ENERGY CORPORATION
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(Exact name of Registrant as specified in its Charter)
OKLAHOMA 1-13726 73-1395733
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
6100 NORTH WESTERN AVENUE, OKLAHOMA CITY, OKLAHOMA 73118
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(Address of principal executive offices) (Zip Code)
(405) 848-8000
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(Registrant's telephone number, including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
On March 6, 2000, Chesapeake Energy Corporation ("Chesapeake") issued a
press release announcing the dismissal of its 1997 securities litigation.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following exhibit is filed herewith:
99. Press Release issued by the Registrant on March 6, 2000.
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SIGNATURE
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, thereunto duly authorized.
CHESAPEAKE ENERGY CORPORATION
BY: /s/ AUBREY K. MCCLENDON
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AUBREY K. MCCLENDON
Chairman of the Board and
Chief Executive Officer
Dated: March 9, 2000
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EXHIBIT INDEX
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EXHIBIT DESCRIPTION
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99 Press Release issued by the Registrant on March 6, 2000.
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EXHIBIT 99
CONTACT: MARC ROWLAND,
CHIEF FINANCIAL OFFICER
(405)879-9232
FOR IMMEDIATE RELEASE TOM PRICE, JR.,VICE PRESIDENT-
MARCH 6, 2000 CORPORATE DEVELOPMENT
(405)879-9257
CHESAPEAKE ENERGY CORPORATION OBTAINS
DISMISSAL OF 1997 SECURITIES LITIGATION
OKLAHOMA CITY, OKLAHOMA, MARCH 6, 2000 - Chesapeake Energy Corporation (NYSE:
CHK) today announced that the United States District Court for the Western
District of Oklahoma has dismissed the securities litigation filed in late 1997
against Chesapeake and its officers and directors and entered judgment in their
favor. The litigation, which originally consisted of 12 lawsuits but which was
consolidated into one purported class action in 1998, alleged the company had
made material misstatements or omissions of material facts concerning its
activities in the Louisiana Trend from January 25, 1996 through June 25, 1997.
In dismissing the plaintiffs' amended complaint on March 3, 2000, the Court
found that throughout the alleged class period, Chesapeake had disclosed to its
investors the "precise risks" associated with its investments and activities in
the Louisiana Trend. The court also determined that the plaintiffs had provided
no factual support for their allegations of misstatements or omissions by
Chesapeake.
Chesapeake's Chairman and CEO, Aubrey K. McClendon, commented, "Chesapeake is
pleased to have eliminated the uncertainty caused by this lawsuit. We now
believe Chesapeake's present and prospective shareholders can evaluate the
company and its value-added natural gas development program without distraction
in what is likely to be a long-term trend of significant profitability in our
sector."
Chesapeake Energy Corporation is one of the 15 largest independent natural gas
producers in the U.S. Headquartered in Oklahoma City, the company's operations
are focused on developmental and exploratory drilling and property acquisitions
in the Mid-Continent region of the United States. The company's Internet address
is www.chkenergy.com.
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