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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) JUNE 27, 1996
ZYDECO ENERGY, INC.
(Exact name of registrant as specified in its charter.)
DELAWARE 0-22076 76-0404904
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
1710 TWO ALLEN CENTER
1200 SMITH STREET
HOUSTON, TEXAS 77002-4312
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 659-2222
333 NORTH SAM HOUSTON PARKWAY EAST
SUITE 1160
HOUSTON, TEXAS 77060
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On June 27, 1996, the Board of Directors of Zydeco Energy, Inc. ("Zydeco")
voted to exercise Zydeco's option to convert each outstanding share of
convertible preferred stock, par value $.001, (the "Preferred Stock") of Zydeco
into one share of Zydeco common stock, par value $.001, (the "Common Stock").
The optional conversion rights are provided for in Section 9.B of the
Certificate of Designations for the Preferred Stock.
The effective date for the conversion will be July 15, 1996. After such
date all certificates, previously representing shares of Preferred Stock, will
represent an equal number of shares of Common Stock. Holders of shares of
Preferred Stock are required to exchange their Preferred Stock certificates for
Common Stock certificates by submitting them, along with an executed Letter of
Transmittal to the Continental Stock Transfer and Trust Company, Exchange Agent
for Zydeco.
As a result of the conversion of 781,255 shares of Preferred Stock into
Common Stock, Zydeco's outstanding Common Stock at July 15, 1996 will be
approximately 6,588,644 shares.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
(a) The following documents are filed herewith as exhibits:
4.5* Certificate of Designation evidencing shares of Registrant's Preferred
Stock (Exhibit 4.5)
* Incorporated by reference from Registrant's Registration Statement on
Form S-4, No. 33-97604.
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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 hereunto duly authorized.
ZYDECO ENERGY, INC.
/s/ Sam B. Myers, Jr.
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Name: Sam B. Myers, Jr.
Title: President, Chief Executive Officer
and Chairman of the Board
Date: July 11, 1996
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