Hallador Energy Company filings document the formal disclosures of an operating energy company with electric operations and coal operations in Indiana. The record includes 8-K reports on operating and financial results, material definitive agreements, senior secured credit facilities, and capital-structure terms such as revolving credit, delayed draw term loans, letters of credit, security interests, maturity, and leverage-based interest pricing.
Hallador’s filings also cover proxy governance, executive compensation plans, board appointments, director compensation, shareholder voting matters, and enterprise risk oversight through a board risk committee. Additional disclosures address mine-safety reporting for the Sunrise Coal subsidiary and Oaktown operations, along with risk, compliance, market, financial, operational, and cybersecurity oversight matters.
Hallador Energy Company entered into a Second Amendment to its Credit Agreement with Texas Capital Bank and other lenders. The change revises financial maintenance covenants to align with an improved risk profile and to support obligations under an Asset Purchase Agreement with Energy World Corporation Ltd.
After the amendment, the total leverage ratio may not exceed 4.25 to 1.0 as of the last day of each quarter ending on or after June 30, 2026. The senior secured leverage ratio may not exceed 3.00 to 1.0 as of June 30, 2026 and September 30, 2026, 2.75 to 1.0 as of December 31, 2026 and March 31, 2027, and 2.50 to 1.0 as of each quarter end on or after June 30, 2027. All other terms of the credit facility remain unchanged.
Hallador Energy Chief Financial Officer Todd E. Telesz exercised restricted stock units and had shares withheld for taxes. On this date, he converted 8,219 Restricted Stock Units into 8,219 shares of Common Stock. Of these, 2,610 shares were disposed of to cover tax obligations, a non-market tax-withholding disposition.
Following the transactions, Telesz directly held 5,609 shares of Common Stock and 32,686 Restricted Stock Units, which each represent a contingent right to receive one share of Hallador Energy Common Stock under the company’s RSU plan. These transactions reflect routine equity compensation activity rather than open-market buying or selling.
Hallador Energy director Daniel Timothy Hudson reported buying company stock on the open market. He purchased 3,000 shares of common stock at $17.04 per share on June 24, 2026 and 2,000 shares at $17.70 per share on June 25, 2026. Following these transactions, he owns 5,000 shares directly.
HALLADOR ENERGY CO executive Matthew Bradford White, the Chief Legal Officer, reported his initial ownership in a Form 3. He holds 3,359 shares of common stock directly and 10,745 Restricted Stock Units, each representing a contingent right to one share of common stock.
The RSUs are scheduled to vest in three tranches: 3,582 units on March 31, 2027, 3,582 units on March 31, 2028, and 3,581 units on March 31, 2029, subject to his continued service. The RSUs may also vest in full if a Change in Control occurs under the company’s 2nd Amended and Restated 2008 RSU Plan.
Hallador Energy director Wesley Charles Ray IV reported an insider share purchase. A revocable trust associated with Ray bought 15,000 shares of Hallador Energy common stock in an open-market transaction at an average price of $16.6876 per share.
After this purchase, the Charles R. Wesley IV Revocable Trust held 338,469 shares of Hallador Energy common stock. Separately, Ray directly held 93,862 shares of common stock, which were listed as a holding entry without a new transaction on that date.
Hallador Energy Company appointed Matthew Bradford White as Chief Legal Officer effective June 8, 2026. He brings extensive legal and energy-industry experience from senior roles at TransMontaigne Partners, Oracle America, and prior law-firm and corporate positions, and holds law, MBA, and engineering degrees.
Under the amended 2026 Executive Officer Incentive Plan, Mr. White will receive a $500,000 annual base salary, a prorated 2026 target bonus of $175,000 with a maximum of $350,000, and a one-time $200,000 RSU grant vesting over three years. He will also receive a $100,000 RSU signing bonus that vests immediately, subject to return if he leaves within one year under specified conditions, plus a defined retention bonus and benefits upon a Change of Control. The company will enter into standard severance and indemnity agreements with him.
Hallador Energy Company reports that its subsidiary, Hallador Power Company, LLC, was selected by the U.S. Department of Energy’s Hydrocarbons and Geothermal Energy Office to begin award negotiations for up to $27.2 million in potential federal funding. The money would help modernize the Merom Generating Station in Indiana, in a project with an estimated total cost of about $56.9 million.
The planned work focuses on upgrading Merom’s water management systems to prepare for future Effluent Limitation Guidelines and support reliable, flexible power delivery within MISO zone 6. Hallador states it does not expect any DOE funding to provide a material benefit to its 2026 financial results and notes there is no guarantee that funding will ultimately be awarded or received.
Hallador Energy Company reported that its subsidiary Sunrise Coal received an imminent danger order from the Mine Safety and Health Administration under Section 107(a) of the Mine Act at the Oaktown Fuels Mine No. 1 in Indiana. The order followed an MSHA allegation that an employee of an independent trucking company was seen on an elevated truck bed without fall protection. The employee was ordered to climb down immediately, no injuries occurred, no Sunrise Coal employees were affected, and mine production was not interrupted. Sunrise Coal disputes the order, stating the condition arose solely from an independent contractor’s actions, and it reserves the right to contest the order and any related citation or proposed assessment.
Hallador Energy Company entered into an Asset Purchase Agreement with Energy World Corporation to buy approximately 460 MW of Siemens gas turbines, generators, a steam turbine, and related equipment for $350 million. Hallador expects to spend an additional $100 million on transportation, refurbishment, insurance, and logistics, bringing the delivered equipment cost to $450 million, which represents more than half of the estimated total cost of its proposed Merom simple-cycle natural gas project.
The turbines have never been fired and are priced at about $760/kW. The project is advancing through MISO’s Expedited Resource Addition Study process, with potential revenue and cash flow from the facility targeted between late 2028 and mid-2029 if it proceeds. As of March 31, 2026, Hallador reported no outstanding bank debt, a $120 million credit facility, a 12-year capacity agreement valued at over $1 billion, and a contracted sales book of more than $2.1 billion, which the company cites as supporting its ability to finance the project.
HALLADOR ENERGY CO director David J. Lubar received 6,316 Restricted Stock Units (RSUs) as equity compensation for his annual service on the board. Each RSU represents a contingent right to receive one share of Hallador Energy common stock under the Second Amended and Restated 2008 Restricted Stock Unit Plan.
The 6,316 RSUs will fully vest on May 27, 2027, subject to Lubar’s continued service and the plan’s terms. The filing also shows 2,851 common shares held directly and indirect interests in shares held by Lubar Equity Fund LLC, Lubar Opportunity Fund I and SM Opportunity Fund, where Lubar & Co. exercises voting and dispositive power and Lubar disclaims beneficial ownership beyond his pecuniary interest.