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Attachment 1
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
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): July 1, 2009 (June 29,
2009)
GLEN
ROSE PETROLEUM CORPORATION
(Exact
name of registrant as specified in Charter)
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Delaware
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001-10179
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87-0372864
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employee Identification No.)
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One
Energy Square, Suite 200
4925
Greenville Avenue, Dallas, TX 75206
(Address
of Principal Executive Offices)
214-800-2663
(Issuer
Telephone number)
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).
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17
CFR240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)).
o Pre-commencement
communications pursuant to Rule 13e-(c) under the Exchange Act (17 CFR
240.13(e)-4(c))
This Form
8-K and other reports filed by Glen Rose Petroleum Corporation (the “Company”)
from time to time with the Securities and Exchange Commission (collectively the
“Filings”) contain forward looking statements and information that are based
upon beliefs of, and information currently available to, our management as well
as estimates and assumptions made by our management. When used in the Filings
the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,”
“plan” or the negative of these terms and similar expressions as they relate to
us or our management identify forward looking statements. Such statements
reflect our current view with respect to future events and are subject to risks,
uncertainties, assumptions and other factors relating to our industry,
operations and results of operations and any businesses that we may acquire.
Should one or more of these risks or uncertainties materialize, or should the
underlying assumptions prove incorrect, actual results may differ significantly
from those anticipated, believed, estimated, expected, intended or
planned.
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Item. 5.02
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Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers
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Paul
Watson has been the Company’s CEO and a Director since December
2007.
In May
2009, the Company’s Board of Directors asked for Paul Watson’s resignation with
certain conditions relating to an agreement between the Company and Mr. Watson’s
company, Applewood Energy, Inc. A copy of that agreement is attached
as Exhibit 10. 1 to the Company’s Form 8-K dated December 4, 2007 and is
incorporated herein by reference.
Mr.
Watson submitted a resignation letter resigning as an officer, director, and
consultant for the Company for himself and for Applewood Energy, Inc. dated June
25, 2009 that was accepted by the Company on June 29, 2009. The two
letters from Mr. Watson and Applewood Energy, Inc. are attached as Exhibit 99.1
to this Form 8-K. Pursuant to the resignation, Mr. Watson will be paid 100,000
of shares of Company stock for director fees plus reimbursable expenses as
designated in the letters.
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Item 9.01
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Financial
Statements and Exhibits
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Exhibit
99.1 –
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Letters
from Paul Watson and Applewood Energy, Inc. dated June 25,
2009
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated:
July 1, 2009
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GLEN
ROSE PETROLEUM CORPORATION
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By:
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/s/ Joseph
F. Langston Jr.
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Joseph
F. Langston Jr., President
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