17 Sept 2003director interest notice● Neutral
Michael B Young became a WHITTIER ENERGY CORP Chief Financial Officer and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Sept 2003director interest notice● Neutral
WHITTIER ENERGY CORP director Daryl Pollock received a stock option grant for 450,000 shares.
28 Aug 2003business combination● NeutralMajor
Olympic Resources told shareholders that its subsidiary WEC Acquisition had agreed on July 8, 2003 to merge with Whittier Energy Company (a Nevada corporation), with Whittier's holders to receive Olympic common and Series A preferred stock and end up with about 85% of Olympic's common stock after conversion. The board is to be mostly replaced (Jeffs, Dahl, Sorensen, Rhodes and Buckner joining; Bryce Rhodes to become CEO), and existing shareholders' stakes will be reduced significantly. No shareholder vote is required because Olympic's own consent as WEC's sole shareholder suffices.
16 July 2003late filing notice▼ Bad
WHITTIER ENERGY CORP notified the SEC that its annual report would be filed late.
29 May 2003late filing notice▼ Bad
WHITTIER ENERGY CORP notified the SEC that its annual report would be filed late.
7 May 2003auditor change● Neutral
The company (then filing as Olympic Resources Ltd., a Wyoming corporation based in Vancouver) changed auditors: Davidson & Company resigned on May 6, 2003 'due to a mutual understanding' with management, and J. H. Cohn LLP of San Diego was engaged. The filing states there were no unresolved disagreements and no adverse or qualified opinion from Davidson.
28 Feb 2003substantial holder notice● Neutral
John E. Pierce disclosed a new substantial WHITTIER ENERGY CORP shareholding (8.29% of votes).