24 Mar 2014securities registration● Neutral
Patriot Coal CORP filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Dec 2013securities registration● Neutral
Patriot Coal CORP filed notice of an exempt private placement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP director Michael P Johnson disposed of 16,460 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP director Janiece M Longoria disposed of 16,014 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP SVP - Global Strategy Charles A Ebetino Jr. disposed of 615,569 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP SVP - Law & Administration Joseph W Bean disposed of 353,606 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP President & CEO Bennett K Hatfield disposed of 603,705 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP director Michael P Johnson disposed of 16,460 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP director J Joe Adorjan disposed of 16,460 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP director B R Brown disposed of 27,826 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP director Robert O Viets disposed of 16,460 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP SVP - Chief Financial Officer John E Lushefski disposed of 16,462 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP director Michael M Scharf disposed of 26,388 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP SVP - Chief Marketing Officer Robert Bennett disposed of 240,508 shares via option/appreciation-right settlement.
19 Dec 2013director interest notice● Neutral
Patriot Coal CORP EVP - Operations Michael D Day disposed of 110,187 shares via option/appreciation-right settlement.
18 Dec 2013listing compliance notice▼ BadMajor
Patriot Coal CORP terminated the registration of a class of securities, ending its reporting obligation for them.
8 Nov 2013material agreement▲ GoodMajor
On November 6, 2013, the bankruptcy court approved settlements with Peabody (the former parent) and Arch Coal, and a backstop agreement with Knighthead Capital Management for the rights offerings tied to the Third Amended Plan of Reorganization. Peabody is to provide $310M to a retiree health benefit fund, replace $126M of letters of credit and support Patriot's black lung obligations. Arch is to pay $5M cash, buy the South Guffey reserve for $16M and relieve Patriot of posting $16M of letters of credit for two years. Knighthead committed to buy unsubscribed notes and warrants up to $250,025,000. All depend on the plan becoming effective, and the deals can end if it is not effective by March 31, 2014 (Peabody and Arch) or December 31, 2013 (backstop). The press release also says the court approved creditor voting on the plan and arranged $576M of exit financing, and targets emergence in mid to late December. The filing does not say what existing shareholders receive under the plan.
8 Nov 2013quarterly activities report▼ Bad
Patriot Coal CORP reported a quarterly net loss of $124.9 million for the period ended 2013-09-30.
4 Nov 2013material agreement● Neutral
On October 29, 2013, Patriot amended its bankruptcy financing agreement (Amendment No. 3) to remove a requirement that it obtain committed financing for a plan of reorganization by October 31, 2013. This removes a deadline that was about to pass; the filing does not say why it was removed or whether a plan is in place.
17 Sept 2013director interest notice● Neutral
Patriot Coal CORP President & CEO Bennett K Hatfield disposed of 16,025 shares via option/appreciation-right settlement.
17 Sept 2013director interest notice● Neutral
Patriot Coal CORP SVP - Global Strategy Charles A Ebetino Jr. disposed of 3,814 shares via option/appreciation-right settlement.
9 Aug 2013quarterly activities report▼ Bad
Patriot Coal CORP reported a quarterly net loss of $99.7 million for the period ended 2013-06-30.
10 June 2013director interest notice● Neutral
Patriot Coal CORP director Robert O Viets sold 6,070 shares at $0.18.
9 May 2013quarterly activities report▼ Bad
Patriot Coal CORP reported a quarterly net loss of $115.9 million for the period ended 2013-03-31.
11 Feb 2013director interest notice● Neutral
Michael D Day became a Patriot Coal CORP EVP - Operations and company insider (initial ownership filing).
11 Feb 2013substantial holder notice● Neutral
The Vanguard Group reported no remaining Patriot Coal CORP shareholding in its periodic institutional filing.
10 Jan 2013director interest notice● Neutral
Patriot Coal CORP President & CEO Bennett K Hatfield had 5,718 shares withheld for taxes on vesting stock.
10 Jan 2013director interest notice● Neutral
Patriot Coal CORP SVP - Global Strategy Charles A Ebetino Jr. had 1,192 shares withheld for taxes on vesting stock.
10 Jan 2013director interest notice● Neutral
Patriot Coal CORP SVP - Global Strategy Charles A Ebetino Jr. had 6,396 shares withheld for taxes on vesting stock.
8 Jan 2013director interest notice● Neutral
Patriot Coal CORP SVP - Chief Marketing Officer Robert Bennett had 830 shares withheld for taxes on vesting stock.