SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): January 25, 2013
Superior Oil and Gas Co.
(Exact Name Of Registrant As Specified In Charter)
844 South Walbaum Road
Calumet, OK 73014
(Current Address of Principal Executive Offices)
Phone number: (405) 884-2080
(Issuer Telephone Number)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):
Section 8 – Other Events
Item 8.01. Other Events
1. On 01/25/2013, the SEC announced the temporary (two- week) suspension of trading in the securities of 10 companies including Superior. Trading was suspended commencing that day and ending during the evening two weeks later on Thursday, February 7, 2013.
The reason for the suspension stated by the SEC is “due to the lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission.”
The Commission alerted brokers and dealers to the fact that, at the termination of the two-week trading suspension, no quotation may be entered relating to the securities of any of the 10 companies unless and until the broker or dealer has strictly complied with all of the provisions of Exchange Act Rule 15c2-11. These provisions regard the necessity of the broker or dealer to have in its possession certain required information, including financial information, concerning a company. Rule 15c2-11 information is similar to the type of information that is required by the Commission to be contained in periodic reports filed at the Commission by companies that have securities registered with the Commission.
2. At the same time, the Commission commenced administrative proceedings against each of the 10 companies to determine whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding 12 months, or to revoke the registration of, each class of securities registered with the Commission by each of the 10 companies.
3. The Commission’s allegation regarding Superior is accurate. The fact is that Superior last filed a periodic report with the Commission for the interim quarterly period ended September 30, 2010.
4. After consultation with the Commission by Superior’s attorney, and acting partially upon a suggestion made by a representative of the Commission, Superior has determined to take the following actions, which it believes are in the best interests of its shareholders and in informed trading in its common stock in the over-the-counter market.:
Pursuant to the requirements of the Securities Exchange Act of 1923, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 28, 2013