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)
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JUNE 10, 2004 (JUNE 9, 2004)
CHESAPEAKE ENERGY CORPORATION
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(Exact name of Registrant as specified in its Charter)
OKLAHOMA 1-13726 73-1395733
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
6100 NORTH WESTERN AVENUE, OKLAHOMA CITY, OKLAHOMA 73118
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(Address of principal executive offices) (Zip Code)
(405) 848-8000
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(Registrant's telephone number, including area code)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER MATTERS
Chesapeake Energy Corporation ("Chesapeake") issued a Press Release on June 9,
2004. The following was included in the Press Release:
CHESAPEAKE ENERGY CORPORATION ANNOUNCES INCREASED
COMMON STOCK DIVIDEND AND DECLARES QUARTERLY
PREFERRED STOCK DIVIDENDS
OKLAHOMA CITY, OKLAHOMA, JUNE 9, 2004 - Chesapeake Energy Corporation (NYSE:CHK)
today announced that its Board of Directors has declared a $0.045 per share
quarterly dividend that will be paid on July 15, 2004 to common shareholders of
record on July 1, 2004, an increase of $0.01 per share from the quarterly
dividend paid on April 15, 2004. Chesapeake has approximately 242 million common
shares outstanding.
Chesapeake's Board has also declared a quarterly cash dividend on Chesapeake's
4.125% Cumulative Convertible Preferred Stock, par value $0.01. The dividend for
the 4.125% preferred stock is payable on September 15, 2004 to preferred
shareholders of record on September 1, 2004 at the quarterly rate of $10.3125
per share. Chesapeake has 313,250 shares of 4.125% preferred stock outstanding
with a liquidation value of $313.3 million.
Chesapeake's Board has also declared a quarterly cash dividend on Chesapeake's
6.75% Cumulative Convertible Preferred Stock, par value $0.01. The dividend for
the 6.75% preferred stock is payable on August 16, 2004 to preferred
shareholders of record on August 2, 2004 at the quarterly rate of $0.84375 per
share. Chesapeake has 2.998 million shares of 6.75% preferred stock outstanding
with a liquidation value of $150 million.
Chesapeake's Board has also declared a quarterly cash dividend on Chesapeake's
5.0% Cumulative Convertible Preferred Stock, par value $0.01. The dividend for
the 5.0% preferred stock is payable on August 16, 2004 to preferred shareholders
of record on August 2, 2004 at the rate of $1.25 per share. Chesapeake has 1.725
million shares of 5.0% preferred stock outstanding with a liquidation value of
$172.5 million.
In addition, Chesapeake's Board has declared a quarterly cash dividend on
Chesapeake's 6.0% Cumulative Convertible Preferred Stock, par value $0.01. The
dividend for the 6.0% preferred stock is payable on September 15, 2004 to
preferred shareholders of record on September 1, 2004 at the quarterly rate of
$0.75 per share. Chesapeake has 4.6 million shares of 6% preferred stock
outstanding with a liquidation value of $230 million.
CHESAPEAKE ENERGY CORPORATION IS ONE OF THE SIX LARGEST INDEPENDENT U.S. NATURAL
GAS PRODUCERS. HEADQUARTERED IN OKLAHOMA CITY, THE COMPANY'S OPERATIONS ARE
FOCUSED ON EXPLORATORY AND DEVELOPMENTAL DRILLING AND PRODUCING PROPERTY
ACQUISITIONS IN THE MID-CONTINENT, PERMIAN BASIN, SOUTH TEXAS, TEXAS GULF COAST
AND ARK-LA-TEX REGIONS OF THE UNITED STATES. THE COMPANY'S INTERNET ADDRESS IS
WWW.CHKENERGY.COM.
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SIGNATURE
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.
CHESAPEAKE ENERGY CORPORATION
By: /S/ AUBREY K. MCCLENDON
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Aubrey K. McClendon
Chairman of the Board and
Chief Executive Officer
Dated: June 10, 2004
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