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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MARCH 19, 2003 (MARCH 19, 2003)
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 EVENTS
Chesapeake Energy Corporation ("Chesapeake") issued the following press
release on March 19, 2003:
CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY
COMMON AND PREFERRED STOCK DIVIDENDS
OKLAHOMA CITY, OKLAHOMA, MARCH 19, 2003 -- Chesapeake Energy Corporation
(NYSE:CHK) today announced that its Board of Directors has declared a $0.03 per
share quarterly dividend that will be paid on April 15, 2003 to common
shareholders of record on April 1, 2003. Chesapeake has approximately 214
million common shares outstanding.
Chesapeake's Board has also declared a quarterly cash dividend on Chesapeake's
6.75% Cumulative Convertible Preferred Stock, par value $.01. The dividend for
the 6.75% preferred stock is payable on May 15, 2003 to preferred shareholders
of record on May 1, 2003 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.
In addition, Chesapeake's Board has declared a quarterly cash dividend on
Chesapeake's 6.0% Cumulative Convertible Preferred Stock, par value $.01. The
dividend for the 6.0% preferred stock is payable on June 16, 2003 to preferred
shareholders of record on June 2, 2003 at the rate of $0.8333 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 ten largest independent natural gas
producers in the U.S. Headquartered in Oklahoma City, the company's operations
are focused on developmental drilling and property acquisitions in the
Mid-Continent region of the United States. The company's Internet address is
www.chkenergy.com.
This document contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Forward-looking statements include estimates and give our current
expectations or forecasts of future events. Although we believe our
forward-looking statements are reasonable, they can be affected by inaccurate
assumptions or by known or unknown risks and uncertainties.
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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: March 19, 2003
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