8-K
Genie Energy Ltd. (GNE)
UNITED
STATES
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): April 14, 2022
GENIE
ENERGY LTD.
(Exact name of registrant as specified in its charter)
| Delaware | 1-35327 | 45-2069276 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission File Number) | (IRS Employer<br><br> <br>Identification No.) |
| 520 Broad Street<br><br> <br>Newark, New Jersey | 07102 |
|---|---|
| (Address of principal executive offices) | (Zip Code) |
Registrant’s
telephone number, including area code: (973) 438-3500
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br>communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br>material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement<br>communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement<br>communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b)-2 of the Exchange Act:
| Title of each class | Trading Symbol | Name of each exchange on<br><br> <br>which registered |
|---|---|---|
| Class<br> B common stock, par value $.01 per share | GNE | New<br> York Stock Exchange |
| Series<br> 2012-A Preferred stock, par value $.01 per share | GNE.PRA | New<br> York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 Regulation FD Disclosure.<br><br> <br><br><br> <br>On<br> April 14, 2022, Genie Energy Ltd. (the “Registrant”) posted the attached release (the “Release”) to the investor<br> relations page of the Registrant’s website (www.genie.com) relating to the Registrant’s forthcoming dividend. A copy<br> of the Release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.<br><br> <br><br><br> <br>The<br> Registrant is furnishing the information contained in this Report, including Exhibit 99.1, pursuant to Item 7.01 of Form 8-K promulgated<br> by the Securities and Exchange Commission (the “SEC”). This information shall not be deemed to be “filed”<br> with the SEC or incorporated by reference into any other filing with the SEC.<br><br> <br>****<br><br> <br>Item 8.01 Other Events.<br><br> <br><br><br> <br>The<br> information contained in Item 7.01 above is incorporated herein by reference into this Item 8.01. |
|---|
Item 9.01Financial Statements and Exhibits.
| (d) | Exhibits. |
|---|---|
| Exhibit No. | Document |
| --- | --- |
| 99.1 | Release, dated April 14, 2022. |
| 104 | Cover Pager Interactive Data File, formatted in Inline XBRL document |
1
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.
| GENIE ENERGY LTD. | |||
|---|---|---|---|
| By: | /s/ Michael Stein | ||
| Name: | Michael Stein | ||
| Title: | Chief Executive Officer | ||
| Dated: April 14, 2022 |
2
EXHIBIT
INDEX
| ExhibitNumber | Document |
|---|---|
| 99.1 | Release, dated April 14, 2022. |
| 104 | Cover Pager Interactive Data File, formatted in Inline XBRL document |
3
Exhibit 99.1

Genie Energy Declares First Quarter 2022Preferred Stock Dividend
NEWARK NJ - (April 14, 2022): The board of directors of Genie Energy Ltd (NYSE: GNE, GNEPRA) has declared a cash dividend of $0.2442 per share of the company’s Series 2012-A Preferred Stock for the first quarter of 2022. The distribution will consist of a Base Dividend of $0.1594 per share for the first quarter of 2022 and an Additional Dividend of $0.0848 per share for the period through December 31, 2021 based on the performance of the company’s REP business.
The dividend will be paid on or about May 16, 2022 to preferred stockholders of record as of the close of business on May 6^th^.
The distribution will be treated as an ordinary dividend for tax purposes.
Genie Energy announces declarations of GNEPRA Series 2012-A Preferred Stock dividends through Form 8-K filings with the Securities and Exchange Commission and press releases posted on the investor relations pages of the Genie Energy website.
ABOUT GENIE ENERGY LTD:
Genie Energy Ltd. (NYSE: GNE, GNEPRA), is a provider of energy services. The Genie Retail Energy division supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Retail Energy International division supplies customers in certain Scandinavian markets. Genie Renewables comprises Genie Solar Energy, a provider of end-to-end customized solar solutions primarily for commercial customers, Diversegy, a commercial energy consulting business, CityCom Solar, a provider of community solar energy solutions and Genie's interest in Prism Solar, a supplier of solar panels and solutions. For more information, visit Genie.com.
Contact:
Genie Energy Investor Relations
Bill Ulrey
P: (973) 438-3848
E-mail: invest@genie.com