<SEC-DOCUMENT>0001140361-20-006356.txt : 20200319
<SEC-HEADER>0001140361-20-006356.hdr.sgml : 20200319
<ACCEPTANCE-DATETIME>20200319170516
ACCESSION NUMBER:		0001140361-20-006356
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200316
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200319
DATE AS OF CHANGE:		20200319

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENGASCO INC
		CENTRAL INDEX KEY:			0001001614
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870267438
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15555
		FILM NUMBER:		20729221

	BUSINESS ADDRESS:	
		STREET 1:		8000 E. MAPLEWOOD AVENUE
		STREET 2:		SUITE 130
		CITY:			GREENWOOD VILLAGE
		STATE:			CO
		ZIP:			80111
		BUSINESS PHONE:		720-420-4460

	MAIL ADDRESS:	
		STREET 1:		8000 E. MAPLEWOOD AVENUE
		STREET 2:		SUITE 130
		CITY:			GREENWOOD VILLAGE
		STATE:			CO
		ZIP:			80111
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES and EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Current Report Pursuant to Section 13 or 15(d) of the</div>
    <div style="text-align: center; font-weight: bold;">Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Date of Report (Date of Earliest Event Reported):</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">March 16, 2020</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 24pt;"><u>Tengasco, Inc.</u></div>
    <div style="text-align: center;">(Exact Name of Registrant as specified in its charter)</div>
    <div><br>
    </div>
    <div style="text-align: center;">Commission File Number 1-15555</div>
    <div style="text-align: center;"> <br>
    </div>
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          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center;"><u>Delaware</u></div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 48.74%; vertical-align: top;">
            <div style="text-align: center;"><u>87-0267438</u></div>
          </td>
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          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center;">(State of incorporation)</div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 48.74%; vertical-align: top;">
            <div style="text-align: center;">&#160;(I.R.S. Employer Identification No.)</div>
          </td>
        </tr>

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    <div><br>
    </div>
    <div style="text-align: center;"><u>8000 E. Maplewood Avenue, Suite 130, Greenwood Village CO 80111</u></div>
    <div style="text-align: center;">(Address of Principal Executive Office)</div>
    <div><br>
    </div>
    <div style="text-align: center;"><u>(720)&#160; 420-4460</u></div>
    <div style="text-align: center;">(Registrant's Telephone number)</div>
    <div><br>
    </div>
    <div>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):</div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z3c57b529a5174cc3b699ba504d11a67a" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

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              <div style="text-align: left;">&#9744;</div>
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            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
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              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
            </td>
          </tr>

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    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z6a3e72b45acf4d5e8b56cf06d19994d1" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

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              <div style="text-align: left;">&#9744;</div>
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            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
            </td>
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    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zdd9764d75ff2497d95726891d8a1af7a" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

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              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is a large accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.&#160; See the definitions of &#8220;large accelerated filer,&#8221;
      &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
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          <td style="width: 40%; vertical-align: top;">
            <div>Large accelerated filer&#160; &#9744;</div>
          </td>
          <td style="width: 60%; vertical-align: top;">
            <div>Accelerated filer&#160; &#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div>Non-accelerated filer&#160; &#9744;</div>
          </td>
          <td style="width: 60%; vertical-align: top;">
            <div>Smaller reporting company&#160; &#9746;</div>
          </td>
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    <div> <br>
    </div>
    <div>Emerging growth company&#160; &#9744;</div>
    <div> <br>
    </div>
    <div>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&#160; &#9744;</div>
    <div><br>
    </div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <div><br>
    </div>
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            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 24.26%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 45.92%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Name of each exchange on which registered</div>
          </td>
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          <td style="width: 29.82%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Common Stock</div>
          </td>
          <td style="width: 24.26%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">TGC</div>
          </td>
          <td style="width: 45.92%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">NYSE American</div>
          </td>
        </tr>

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    <div><br>
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    <div>Indicate the number of shares outstanding of each of the issuer&#8217;s classes of common stock, as of the latest practicable date: 10,666,211&#160;<u>common shares at March 19, 2020</u>.</div>
    <div><br>
    </div>
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              <div style="text-align: left; font-weight: bold;">Item 3.03</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left; font-weight: bold;">Material Modification to Rights of Security Holders.</div>
            </td>
          </tr>

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    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">On&#160; March 16, 2020 the Board of Directors of Tengasco, Inc. by resolution extended the &#8220;Final Termination Date&#8221; of the Rights Agreement dated March 16, 2017 (the &#8220;Rights Agreement&#8221;) between the Company and the Rights
      Agent, Continental Stock Transfer &amp; Trust Company from close of business on March 16, 2020 to close of business on March 16, 2021. In all respects, the terms of the Rights Agreement remain in full force and effect as so extended.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Rights Plan, including the Rights Agreement, is described in the Company&#8217;s Current Report on Form 8-K filed March 17, 2017 which is incorporated by this reference. The purpose of the Rights Agreement is to
      effectuate the Rights Plan which is intended reduce the risk that the Company&#8217;s ability to use its net operating losses to reduce potential future federal income tax obligations would be limited by reason of the Company&#8217;s experiencing an &#8220;ownership
      change,&#8221; as defined in Section 382 of the Internal Revenue Code.. A company generally experiences an ownership change if the percentage of its stock owned by its &#8220;5-percent shareholders,&#8221; as defined in Section 382 of the Tax Code, increases by more
      than 50 percentage points over a rolling three-year period. The Rights Agreement is designed to reduce the likelihood that the Company will experience an ownership change under Section 382 of the Tax Code by discouraging any person or group from
      becoming a 4.95% shareholder and also discouraging any existing 4.95% (or more) shareholder from acquiring additional shares of the Company&#8217;s common stock.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Rights Agreement dated March 16, 2017 is attached hereto as Exhibit 4.1 and is incorporated herein by reference. The description of the Rights Agreement and Rights Plan herein is not complete and is qualified in
      its entirety by reference to Exhibits 4.1 and 4.2.</div>
    <div><font style="font-weight: bold;"> </font><br>
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              <div style="text-align: left;"><font style="font-weight: bold;">Item 9.01</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="font-weight: bold;">Financial Statements and Exhibits</font></div>
            </td>
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    <div><br>
    </div>
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            <div>Exhibits</div>
          </td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
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          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 10%; vertical-align: top;">
            <div style="font-weight: bold;"><a href="http://www.sec.gov/Archives/edgar/data/1001614/000114036117012597/ex4_1.htm">4.1</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Rights Agreement, dated March 16, 2017, between Tengasco, Inc. and Continental Stock Transfer &amp; Trust Company (incorporated by reference to Exhibit 4.1 of Current Report on Form 8-K filed by Tengasco, Inc. on March 17, 2017)</div>
          </td>
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          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 10%; vertical-align: top;">
            <div style="font-weight: bold;"><a href="http://www.sec.gov/Archives/edgar/data/1001614/000114036117012597/form8k.htm">4.2</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Report on Form 8-K by Tengasco, Inc. dated March 17, 2017 (Incorporated by reference to Report on Form 8-K by Tengasco, Inc filed on March 17, 2017.)</div>
          </td>
        </tr>

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    <div style="font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div>Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.</div>
    <div><br>
    </div>
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            <div>Dated: March 19, 2020</div>
          </td>
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            <div><br>
            </div>
          </td>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;">
            <div>Tengasco, Inc.</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 3%; vertical-align: top;">By:</td>
          <td style="width: 47%; vertical-align: top;">
            <div><u>s/ Michael J. Rugen</u></div>
          </td>
        </tr>
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          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Michael J. Rugen,</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Chief Executive Officer</div>
          </td>
        </tr>

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