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Abraxas Petroleum Corp. 401(k) Profit Sharing Plan – ‘11-K’ for 12/31/18

On:  Tuesday, 6/11/19, at 12:09pm ET   ·   For:  12/31/18   ·   Accession #:  1437749-19-11790   ·   File #:  333-135032-01

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 6/11/19  Abraxas Petroleum Corp 401 … Plan 11-K       12/31/18    1:49K                                    RDG Filings/FA

Annual Report by an Employee Stock Purchase, Savings or Similar Plan   —   Form 11-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 11-K        Annual Report by an Employee Stock Purchase,        HTML     30K 
                Savings or Similar Plan                                          


This is an HTML Document rendered as filed.  [ Alternative Formats ]



  axas20190610_11k.htm  
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 


 

FORM 11-K

 


 

ANNUAL REPORT

PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

(Mark One):

[X]

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

 

For the fiscal year ended December 31, 2018

 

OR

 

[  ]

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

 

For the transition period from _____to_____

 

Commission File Number 001-16701

 

 


 

 

ABRAXAS PETROLEUM CORPORATION 401(K) PROFIT SHARING PLAN

(Full title of the plan)

 

 


 

ABRAXAS PETROLEUM CORPORATION

18803 Meisner Drive

SAN ANTONIO, TEXAS 78258

 

(Name of issuer of the securities held pursuant to the plan and the address of the issuer’s and plan’s 

principal executive office)

 

 

 

 

 

REQUIRED INFORMATION

 

Item 1-3. The Abraxas Petroleum Corporation 401(k) Profit Sharing Plan (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Therefore, in lieu of the requirements of Items 1-3 of Form 11-K, attached are the financial statements of the Plan for the fiscal year ended December 31, 2018, which have been prepared in accordance with the financial reporting requirements of ERISA.

 

Item 4. Pursuant to Section 103 (c) of ERISA, and the regulations thereunder, the Plan is not required to file audited financial statements, because the Plan has fewer than 100 participants.

 

 

 

 

STATEMENT OF INCOME AND EXPENSES

YEAR ENDING DECEMBER 31, 2018

 

 

INCOME

       

Contribution – Company Matching (Co. Stock)

  $ 330,415  

Contribution – Participant 401(K)

    817,886  

Investment Earnings (Loss)

    (2,180,097 )

Other Income

    28,330  

Total Income (Loss)

    (1,003,466 )
         

EXPENSES

       

Payments to Participants

    556,775  

Other Expenses

    24,345  

Total Expenses

    581,120  
         

Income (Loss) over Expenses

    (1,584,586 )

Assets at the Beginning of the Plan Year

    13,273,237  

Assets at the End of the Plan Year

  $ 11,688,651  

 

 

 

 

 

PLAN ASSETS AND LIABILITIES

 

 

 

   

As of January 1,

   

As of December 31,

 
   

2018

   

2018

 

ASSETS

               

Cash

  $ 1,637,283     $ 1,595,878  

Mutual Funds

    9,132,209       8,672,134  

Company Stock

    2,413,878       1,322,509  

Participant Loans

    89,867       98,130  

Total Assets

  $ 13,273,237     $ 11,688,651  
                 

LIABILITIES

  $     $  
                 

NET ASSETS (Assets less Liabilities)

  $ 13,273,237     $ 11,688,651  

 

 

 

 

ABRAXAS PETROLEUM CORPORATION 401(K) PROFIT SHARING PLAN

 

 

 

 

 

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed by the undersigned thereunto duly authorized, in the City of San Antonio, State of Texas, on the   11th day of June 2019.

                                                                                                   

 

ABRAXAS PETROLEUM CORPORATION 

 

 

401(K) PROFIT SHARING PLAN

 

 

 

 

 

  By: Abraxas Petroleum Corporation  
       

 

By:

/s/ Robert L.G. Watson

 

 

 

Robert L. G. Watson 

 

 

 

Chief Executive Officer and President 

 

 

                                                                                                             

 


Dates Referenced Herein

This ‘11-K’ Filing    Date    Other Filings
Filed on:6/11/19None on these Dates
For Period End:12/31/18
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Filing Submission 0001437749-19-011790   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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