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): AUGUST 12, 2003
DENBURY RESOURCES INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or other jurisdiction
of incorporation or
organization)
1-12935 75-2815171
(Commission File Number) (I.R.S. Employer
Identification No.)
5100 TENNYSON PARKWAY
SUITE 3000
PLANO, TEXAS 75024
(Address of principal executive (Zip code)
offices)
Registrant's telephone number, including area code: (972)673-2000
N/A
--------------------------
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
Stock Repurchase Plan
On August 12, 2003, Denbury Resources Inc. issued a press release,
attached as Exhibit 99.1, announcing that it has adopted a pre-determined stock
repurchase plan (the "Plan") to purchase shares of its common stock on the New
York Stock Exchange in order for such repurchased shares to be made available
for purchase by employees under Denbury's Employee Stock Purchase Plan. The Plan
is intended to comply with the requirements of both SEC Rule 10b5-1 and Rule
10b-18. The Plan provides for purchases through an independent broker of 50,000
shares of Denbury's common stock per fiscal quarter for a period of
approximately twelve months, or a total of 200,000 shares, beginning August 13,
2003 and ending on July 31, 2004. Purchases are to be made at prices and times
determined in the discretion of the independent broker, provided however that no
purchases may be made during the last ten business days of the fiscal quarter,
which is the principal period for shares purchased by employees pursuant to
Denbury's Employee Stock Purchase Plan.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS.
(a)-(b) Not applicable.
(c) Exhibits.
Exhibit 99.1 - Press Release Regarding Registrant dated August 12,
2003.
SIGNATURES
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 thereunto duly authorized.
DENBURY RESOURCES INC.
/s/ Phil Rykhoek
Date: August 12, 2003 -----------------------------------------------
Phil Rykhoek,
Senior Vice President & Chief Financial Officer