Welcome to our dedicated page for California Res SEC filings (Ticker: CRC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings of California Resources Corporation (CRC) provide detailed, legally mandated information about the company’s operations, financial condition, capital structure and significant corporate events. CRC is a Delaware corporation whose common stock is listed on the New York Stock Exchange under the symbol CRC, and its filings are made available through the U.S. Securities and Exchange Commission’s EDGAR system.
Among the key documents for CRC are its current reports on Form 8-K, which disclose material events. Recent 8-K filings describe an all-stock combination in which a CRC subsidiary merged with Berry Corporation, resulting in Berry becoming a direct, wholly owned subsidiary of CRC. These filings outline the merger agreement, the exchange ratio for Berry shares, the treatment of Berry equity awards and related matters such as the registration of CRC shares on Form S-4.
Other 8-K filings detail amendments to CRC’s amended and restated credit agreement, including the addition of lenders and increases to the aggregate elected commitment amount, as well as private offerings of senior notes and the terms of those notes. These documents explain how CRC structures its revolving credit facility and long-term debt and how certain transactions relate to the Berry combination.
CRC’s filings also include current reports announcing quarterly financial results, where the company furnishes press releases summarizing its operating performance and financial condition for specified periods. Additional 8-Ks provide updates on regulatory milestones, such as the expiration of waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act for the Berry transaction and references to required approvals under the Federal Power Act.
On Stock Titan’s SEC filings page for CRC, users can access these documents as they are filed and use AI-powered tools to summarize complex sections. This can help readers understand topics such as merger mechanics, credit agreement amendments, note offerings, and other regulatory disclosures without having to parse every technical detail in the original filings.
California Resources Corporation (CRC) filed an 8-K announcing a block repurchase and related board change. On 23 June 2025 the company agreed to buy back 4,950,000 common shares from major shareholder IKAV at $46.00 per share, for a total consideration of $227.7 million. Settlement is expected on 25 June 2025. The transaction will be funded with existing cash and operating cash flow and falls under CRC’s previously disclosed $1.35 billion share-repurchase program.
Following the buyback, IKAV’s ownership will drop below the 5 % threshold that entitled it to nominate one board director under the July 2024 Stockholder Agreement. Consequently, IKAV-nominated director Mr. Bobby Saadati will resign from the Board upon closing. In addition, the lock-up restrictions that limited IKAV and its affiliates from selling CRC shares under the 2024 Registration Rights Agreement will terminate once the repurchase is completed.
The filing contains customary forward-looking statement disclaimers noting execution risk and referencing the company’s SEC filings for broader risk factors.
- Aggregate buyback size: $227.7 million (approx. 3.8 % of FY-end 2024 market cap if similar to share count; actual percentage not disclosed in filing).
- Source of funds: cash on hand and operating cash flow; no new debt indicated.
- Governance impact: one less shareholder-nominated director; board composition may shift toward management-nominated members.
Overall, the event reduces share count, returns capital to shareholders, and eliminates a special nomination right tied to a now-smaller shareholder, but also removes lock-up protections, potentially allowing IKAV to dispose of its remaining holdings on the open market.