Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Resolute Energy Corporation
(Name of Issuer)
Shares of Common Stock, par value $0.0001 per share
(Title of Class of Securities)
(CUSIP Number)
Thomas O. Hicks
100 Crescent Court, Suite 1200
Dallas, Texas 75201
(214) 740-7300
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
- with copies to -
James A. Deeken
Akin Gump Strauss Hauer & Feld LLP
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-4788
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Page 1 of 11
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
HH-HACI GP, LLC |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
SC, OO |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
Texas
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
11,002,367 |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
11,002,367 |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
11,002,367 |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
19.0% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
OO |
Page 2 of 11
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
HH-HACI, L.P. |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
SC, OO |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
Delaware
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
11,002,367 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
0 |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
11,002,367 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
0 |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
11,002,367 |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
19.0% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
PN |
Page 3 of 11
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
Thomas O. Hicks |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) o |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
SC, OO |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
USA
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
11,002,367 |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
11,002,367 |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
11,002,367 |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
19.0% |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
Page 4 of 11
SCHEDULE 13D
This Schedule 13D
is being filed with the Securities and Exchange Commission (the
Commission) on behalf of the Reporting Persons (as defined in Item 2 below) relating to (a)
shares of common stock, par value $0.0001 per share (Common Stock) of Resolute Energy
Corporation, a Delaware corporation (the Issuer), 1675 Broadway, Suite 1950, Denver, Colorado
80202; (b) shares of Common Stock of the Issuer subject to forfeiture under certain conditions
described in Item 4 below (Earnout Shares); (c) Founders Warrants of the Issuer (Founders
Warrants), each of which is exercisable for one share of Common Stock; and (d) Sponsors Warrants
of the Issuer (Sponsors Warrants), each of which is exercisable for one share of Common Stock.
This Schedule 13D relates to the Common Stock, Founders Warrants, and Sponsors Warrants
acquired by the Reporting Persons as a result of the Acquisition (as defined in Item 4 below).
Item 1. Security and Issuer
Securities acquired: shares of common stock, par value $0.0001 per share.
|
|
|
Issuer: |
|
Resolute Energy Corporation
1675 Broadway, Suite 1950
Denver, Colorado 80202 |
Item 2. Identity and Background
(a) This statement is filed by HH-HACI, L.P. (HH LP), HH-HACI GP, LLC, the general partner
of HH LP (HH LLC), and Mr. Thomas O. Hicks, the sole member of HH LLC (the Principal, together
with HH LP and HH LLC, the Reporting Persons).
(b) The business address of the Reporting Persons is 100 Crescent Court, Suite 1200, Dallas,
Texas 75201.
(c) The principal business of HH LP and HH LLC is investment activities. The principal
occupation of the Principal is investment activities.
(d) None of the Reporting Persons have, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the Reporting Persons have, during the last five years, been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, Federal or State securities laws or finding any
violation with respect to such laws.
Page 5 of 11
(f) HH LP is a Delaware limited partnership. HH LLC is a Texas limited liability company.
The Principal is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration
The net investment costs (including commissions, if any) of the shares of Common Stock, and
Sponsors Warrants acquired by the Reporting Persons are explained below. The source of these
funds was the working capital of HH LP, which is expended to acquire the HACI Common Stock, HACI
Founders Warrants and HACI Sponsors Warrants (each as defined below) converted into Common Stock,
Founders Warrants and Sponsors Warrants reported herein.
HH LP purchased an aggregate of 10,000,000 founders units (adjusted through stock splits and
stock dividends to 13,800,000 units) (HACI Founders Units) of Hicks Acquisition Company I, Inc.
(HACI) for an aggregate purchase price of $25,000, or $0.0025 per unit. Each HACI Founders Unit
consisted of one share of Common Stock of HACI (HACI Common Stock) and one founders warrant of
HACI (HACI Founders Warrant). In addition, HH LP purchased an aggregate of 7,000,000 sponsors
warrants of HACI (HACI Sponsors Warrants) from HACI at a price of $1.00 per warrant ($7 million
in the aggregate) in a private placement. Over time, certain HACI Common Stock, HACI Founders
Warrants, or HACI Sponsors Warrants have been transferred with or without consideration, split,
converted, cancelled, forfeited or sold. The remaining HACI Common Stock, HACI Founders Warrants,
and HACI Sponsors Warrants were converted into Common Stock, Earnout Shares, Founders Warrants,
and Sponsors Warrants in this Acquisition as explained below.
Item 4. Purpose of the Transaction
On August 2, 2009, HACI entered into that certain Purchase and IPO Reorganization Agreement
(the Acquisition Agreement), by and among HACI, the Issuer, Resolute Subsidiary Corporation,
Resolute Aneth, LLC, Resolute Holdings, LLC, Resolute Holdings Sub, LLC (Seller), and HH LP
(amended by a letter agreement dated as of September 9, 2009, and filed with the Commission as part
of the Issuers Form S-4/A on September 14, 2009), pursuant to which, through a series of
transactions, HACIs stockholders acquired a majority of the outstanding Common Stock (the
Acquisition).
As a result of the Acquisition, (i) 4,508,000 shares of HACI Common Stock previously held by
HH LP have been converted into 4,508,000 shares of Common Stock; (ii) 1,827,700 shares of HACI
Common Stock previously held by HH LP have been converted into 1,827,700 shares of Common Stock
subject to forfeiture unless at any time prior to five years from the closing of the Acquisition,
either (a) the closing sale price of the Common Stock exceeds $15.00 per share for 20 trading days
in any 30 trading day period beginning 90 days after the closing of the Acquisition, or (b) a
Change in Control Event (defined in the Issuers 2009 Performance Incentive Plan) occurs in which
Common Stock is valued at greater than $15.00 per share; until forfeited, such shares will vote but
will not participate in dividends and distributions (the Earnout Shares); (iii) 9,016,000 HACI
Founders Warrants previously held by HH LP have been converted into 9,016,000 Founders Warrants;
and (iv) 4,666,667 HACI Sponsors Warrants previously held by HH LP have been converted into
4,666,667 Sponsors Warrants.
Page 6 of 11
Each of William H. Cunningham (a director of HACI), Thomas O. Hicks, Jr. (the secretary and a
vice president of HACI), and Robert M. Swartz (a senior vice president of HACI) are directors of
the Issuer, all in accordance with the Acquisition Agreement.
HH LP intends to dispose of some or all of the Common Stock, Earnout Shares, Founders Warrants
and Sponsors Warrants described above through in-kind distributions to the partners of HH LP.
Item 5. Interest in Securities of the Issuer
According to information provided by the Issuer in its communications with the Issuer, as of
the date hereof there are 53,154,783 shares of Common Stock issued and outstanding.
(a) (i) As of the date hereof, HH LP beneficially owns 11,002,367 shares of Common Stock,
which represents 19.0% of the Issuers outstanding shares of Common Stock (including 4,666,667
Sponsors Warrants beneficially owned by HH LP). These 11,002,367 shares of Common Stock include
Earnout Shares and Common Stock that would be issuable upon the exercise of Sponsors Warrants,
which are exercisable after the closing of the Acquisition if certain conditions (described in Item
6) are satisfied, but exclude Common Stock that would be issuable upon the exercise of Founders
Warrants, which are not exercisable until, among other conditions, the last sale price of Common
Stock exceeds $13.75 for any 20 days within any 30 day trading period beginning 90 days after the
closing of the Acquisition.
(ii) As of the date hereof, HH LLC, as the general partner of HH LP, and the Principal, as
the sole member of HH LLC, each beneficially owns 11,002,367 shares of Common Stock, which
represents 19.0% of the Issuers outstanding shares of Common Stock (including 4,666,667 Sponsors
Warrants beneficially owned by HH LP). These 11,002,367 shares of Common Stock include Earnout
Shares and Common Stock that would be issuable upon the exercise of Sponsors Warrants, which are
exercisable after the closing of the Acquisition if certain conditions (described in Item 6) are
satisfied, but exclude Common Stock that would be issuable upon the exercise of Founders Warrants,
which are not exercisable until, among other conditions, the last sale price of Common Stock
exceeds $13.75 for any 20 days within any 30 day trading period beginning 90 days after the closing
of the Acquisition.
The filing of this statement on Schedule 13D shall not be construed as an admission that
either the Principal or HH LLC is, for the purposes of Section 13(d) of the Securities
Exchange Act of 1934, as amended, the beneficial owner of any of the shares of Common Stock owned
by HH LP. Each of the Principal and HH LLC disclaim beneficial ownership of any shares of Common
Stock in which they do not have a pecuniary interest.
(b) HH LP has the sole power to vote and dispose of the aggregate 11,002,367 shares of Common
Stock it holds. HH LLC and the Principal each has the shared power to vote and dispose of the
aggregate 11,002,367 shares of Common Stock held by HH LP. These 11,002,367 shares of Common Stock
include Earnout Shares and Common Stock that would be issuable upon the exercise of Sponsors
Warrants, which are exercisable after the closing of the Acquisition if certain conditions
(described in Item 6) are satisfied, but exclude Common Stock
Page 7 of 11
that would be issuable upon the exercise of Founders Warrants, which are not exercisable
until, among other conditions, the last sale price of Common Stock exceeds $13.75 for any 20 days
within any 30 day trading period beginning 90 days after the closing of the Acquisition.
(c) The Reporting Persons have not effected any transactions in the Issuers securities in the
last sixty days except the transactions listed in Item 4.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of
the Issuer
Founders Warrants
HH LP holds 9,016,000 Founders Warrants. Each Founders Warrant entitles the holder to
purchase one share of Common Stock of the Issuer at a price of $13.00 per share, subject to
adjustment, commencing any time after the last sale price of Common Stock exceeds $13.75 for any 20
days within any 30 day trading period beginning 90 days after the closing of the Acquisition and
shall end on the date that is 5 years from the closing of the Acquisition. However, Founders
Warrants will be exercisable only if a registration statement relating to the Common Stock issuable
upon exercise of the warrants is effective and current.
Founders Warrants (a) other than Founders Warrants held by Seller, may not be sold or
transferred except to permitted transferees until 180 days after the closing of the Acquisition;
(b) will not be redeemable by the Issuer so long as they are held by HH LP, certain other parties,
Seller, or their permitted transferees; and (c) may be exercised at the option of the holder on a
cashless basis.
Subject to the limitations above, the Issuer may call Founders Warrants for redemption, in
whole and not in part, at a price of $0.01 per Founders Warrant, upon not less than 30 days prior
written notice of redemption to each Founders Warrant holder, at any time after such Founders
Warrants have become exercisable, if, and only if, (a) the last sale price has equaled or exceeded
$18.00 per share for any 20 trading days within a 30-trading-day period ending on the third
business day prior to the notice of redemption to Founders Warrant holders and (b) at all times
between the date of such notice of redemption and the redemption date a registration statement is
in effect covering the Common Stock issuable upon exercise of the Founders Warrants and a current
prospectus relating to those Common Stock is available.
Sponsors Warrants
HH LP holds 4,666,667 Sponsors Warrants. Each Sponsors Warrant entitles the holder to
purchase one share of Common Stock of the Issuer at a price of $13.00 per share, subject to
Page 8 of 11
adjustment, commencing any time after the closing of the Acquisition and shall end on the date that
is five years from the closing of the Acquisition. However, Sponsors Warrants will be exercisable
only if a registration statement relating to the Common Stock issuable upon exercise of the
warrants is effective and current.
Sponsors Warrants (a) other than Sponsors Warrants held by Seller, may not be sold or
transferred except to permitted transferees until 180 days after the closing of the Acquisition;
(b) will not be redeemable by the Issuer so long as they are held by HH LP, Seller, or their
permitted transferees; and (c) may be exercised at the option of the holder on a cashless basis.
Subject to the limitations above, the Issuer may call Sponsors Warrants for redemption, in
whole and not in part, at a price of $0.01 per Sponsors Warrant, upon not less than 30 days prior
written notice of redemption to each Sponsors Warrant holder, at any time after such Sponsors
Warrants have become exercisable, if, and only if, (a) the last sale price has equaled or exceeded
$18.00 per share for any 20 trading days within a 30-trading-day period ending on the third
business day prior to the notice of redemption to Sponsors Warrant holders and (b) at all times
between the date of such notice of redemption and the redemption date a registration statement is
in effect covering the Common Stock issuable upon exercise of the Sponsors Warrants and a current
prospectus relating to those Common Stock is available.
Registration Rights Agreement
The Issuer entered into a registration rights agreement (Registration Rights Agreement)
pursuant to which it may be required to register shares of Common Stock (including Earnout Shares),
Founders Warrants (and the Common Stock to be purchased pursuant to such Founders Warrants),
Sponsors Warrants (and the Common Stock to be purchased pursuant to such Sponsors Warrants) held
by the Reporting Persons through demand registration, piggy-back registration, or registration on
shelf registration statement, subject to certain conditions in such Registration Rights Agreement.
2007 Letter Agreement
HACI, Citigroup Global Markets Inc., HH LP and Thomas O. Hicks entered into a letter agreement
dated as of September 26, 2007 (2007 Letter Agreement). According to the 2007 Letter Agreement,
Common Stock, Earnout Shares, Founders Warrants and Sponsors Warrants (collectively, Issuer
Securities) received by HH LP are subject to the following restrictions: until 180 days after the
completion of the Acquisition (the Lock-Up Period), HH LP cannot (i) sell, offer to sell,
contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose
of or agree to dispose of, directly or indirectly or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position with respect to Issuer Securities
received by HH LP (ii) enter into any swap or other arrangement that transfers to another, in whole
or in part, any of the economic consequences of ownership of any of the Issuer Securities received
by HH LP or (iii) publicly announce any intention to effect any transaction specified in clause (i)
or (ii). However, the Lock-Up Period does not apply if the transfer of Issuer Securities by HH LP
is to certain permitted transferees, including to HACI officers or directors, any affiliates or
family members of any HACI officers or directors or any affiliates of
Page 9 of 11
HH LP, provided that the permitted transferee signs a written agreement to be bound by the terms
and conditions of the 2007 Letter Agreement.
Item 7. Material to be Filed as Exhibits
|
|
|
Exhibit 99.1
|
|
Power of Attorney for Thomas O. Hicks. |
|
|
|
Exhibit 99.2
|
|
Joint Filing Agreement by and among HH LLC, HH LP and the
Principal. |
|
|
|
Exhibit 99.3
|
|
Purchase and IPO Reorganization Agreement, dated as of August
2, 2009, among HACI, the Issuer, Resolute Subsidiary
Corporation., Resolute Holdings, LLC, Resolute Holdings Sub,
LLC, Resolute Aneth, LLC and HH LP (incorporated by reference
from Exhibit 2.1 of the Issuers Registration Statement on
Form S-4/A, filed with the Commission on September 14,
2009). |
|
|
|
Exhibit 99.4
|
|
Letter Agreement amending Purchase and IPO Reorganization
Agreement, dated as of September 9, 2009, among HACI, the
Issuer, Resolute Subsidiary Corporation., Resolute Holdings,
LLC, Resolute Holdings Sub, LLC, Resolute Aneth, LLC and HH
LP (incorporated by reference from Exhibit 2.2 of the
Issuers Registration Statement on Form S-4/A, filed with the
Commission on September 14, 2009). |
|
|
|
Exhibit 99.5
|
|
Form of Warrant Agreement between Continental Stock Transfer
& Trust Company and the Issuer (incorporated by reference
from Annex D from the Issuers Registration Statement on Form
S-4/A, filed with the Commission on September 14, 2009). |
|
|
|
Exhibit 99.6
|
|
Form of Registration Rights Agreement between the Issuer, the
parties listed on the signature page thereto, and certain
other parties (incorporated by reference from Exhibit 4.4 of
the Issuers Registration Statement on Form S-4/A, filed with
the Commission on September 8, 2009). |
|
|
|
Exhibit 99.7
|
|
2009 Performance Incentive Plan (incorporated by reference
from Exhibit 10.7 of the Issuers Registration Statement on
Form S-4/A, filed with the Commission on August 31,
2009). |
|
|
|
Exhibit 99.8
|
|
Letter Agreement, dated as of September 26, 2007, among the
HACI, Citigroup Global Markets Inc., HH LP and Thomas O.
Hicks (incorporated by reference from Exhibit 10.2 of the
HACIs Registration Statement on Form S-1/A, filed with the
Commission on September 27, 2007). |
Page 10 of 11
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
Date: October 5, 2009
|
|
|
|
|
|
HH-HACI, L.P.
|
|
|
By: |
HH-HACI GP, LLC, its general partner
|
|
|
|
By: |
/s/ Joseph B. Armes
|
|
|
|
Joseph B. Armes on behalf of Thomas O. Hicks, sole member |
|
|
|
|
|
|
|
HH-HACI GP, LLC
|
|
|
By: |
/s/ Joseph B. Armes
|
|
|
|
Joseph B. Armes on behalf of Thomas O. Hicks, sole member |
|
|
|
|
|
|
By: |
/s/ Joseph B. Armes
|
|
|
|
Joseph B. Armes on behalf of Thomas O. Hicks |
|
|
|
|
|
|
Page 11 of 11