In announcing plans to cut its Oklahoma City headquarters workforce by nearly half, SandRidge Energy made sure to notify the U.S. Securities Exchange Commission.
It made a brief Form 8-K filing with the SEC on Tuesday,
“SandRidge Energy Inc. Announces Issuance of WARN Act Notice.
SandRidge Energy, Inc. today announced that it has issued Workers Adjustment and Retraining Notification (WARN) Act notices to approximately 63 of its 120 Oklahoma City based employees as a result of its workforce reduction at its corporate headquarters in Oklahoma City, OK.”
The report was filed by Michael A. Johnson who is a Senior Vice President and Chief Financial Officer at SandRidge.
Trading of SandRidge shares saw a recent low of $2.46 while trading opened Tuesday at $2.65. But the price is far below the 52-week high of $9.35.
Source: SEC