false 0000793306 0000793306 2024-07-08 2024-07-08
 
UNITED STATES
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):
July 8, 2024
 
Blue Dolphin Energy Company
 
(Exact name of registrant as specified in its charter)
 
Delaware
(State or Other Jurisdiction
of Incorporation)
0-15905
(Commission File Number)
73-1268729
(IRS Employer Identification No.)
 
801 Travis Street, Suite 2100
Houston, TX 77002
(Address of principal executive office and zip code)
 
(713) 568-4725
(Registrant’s telephone number, including area code)
 
(Not Applicable)
(Former name or former address, if changed since last report)
 
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):
 
☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol (s)
  
Name of each exchange on which registered
Common Stock, par value $0.01 per share
  
BDCO
  
OTCQX
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
 
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.☐
 
 
 
 
Item 8.01 Other Events.
 
On July 8, 2024, Blue Dolphin Energy Company announced that its wholly-owned subsidiaries, Lazarus Energy, LLC (“LE”) and Lazarus Refining & Marketing, LLC (“LRM”), received a confirmation letter from Veritex Community Bank (“Veritex”) dated July 2, 2024 waiving all covenant violations under their respective loan agreements for calendar years 2021, 2022, and 2023. Pursuant to a letter dated June 25, 2024, the U.S. Department of Agriculture (“USDA”) approved Veritex’s April 18, 2024 letter request for a waiver for the same periods. LE and LRM have loan agreements with Veritex in the original principal amount of $25.0 million and $10.0 million, respectively (the “Veritex Loans”). The Veritex Loans are guaranteed by the USDA’s Rural Development Business & Industry loan program.
 
 
 
 
 
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 hereunto duly authorized.
 
Date:         July 8, 2024
 
 
Blue Dolphin Energy Company
       
 
/s/ JONATHAN P. CARROLL
Jonathan P. Carroll
Chief Executive Officer, President, Treasurer and Secretary
    (Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer)  
 
 
v3.24.2
Document And Entity Information
Jul. 08, 2024
Document Information [Line Items]  
Entity, Registrant Name Blue Dolphin Energy Company
Document, Type 8-K
Document, Period End Date Jul. 08, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 0-15905
Entity, Tax Identification Number 73-1268729
Entity, Address, Address Line One 801 Travis Street, Suite 2100
Entity, Address, City or Town Houston
Entity, Address, State or Province TX
Entity, Address, Postal Zip Code 77002
City Area Code 713
Local Phone Number 568-4725
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol BDCO
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000793306
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