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 25, 2006
PYR Energy Corporation
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(Exact name of registrant as specified in its charter)
Maryland 001-15511 95-4580642
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1675 Broadway, Suite 2450, Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 825-3748
Not Applicable
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(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))
Item 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
On July 25, 2006 Scott Singdahlsen submitted his resignation from his
positions as Chief Executive Officer, Chief Financial Officer and Director of
PYR Energy Corporation ("PYR" or the "Company). Mr. Singdahlsen's Memorandum to
the Board is attached as Exhibit 17. Mr. Singdahlsen will remain employed by the
Company, where he will devote his full-time efforts to the Company's oil and gas
prospects.
On July 26, 2006, the Board of Directors of the Company elected Kenneth R.
Berry, Jr. interim Chief Executive Officer and interim President and Jane M.
Richards as Chief Financial Officer.
Mr. Berry joined PYR in 1997 and has served as Vice President of Land since
1999. Prior to joining the Company, Mr. Berry served as the managing land
consultant for Swift Energy Company in the Rocky Mountain Region. He began his
career in the Land Department with Tenneco Oil Company after earning a B.A.
degree in Petroleum Land Management at the University of Texas - Austin.
As more fully described in the Form 8-K filed with the SEC on October 26,
2005, in mid-October 2005, the Company completed a Private Equity Placement
consisting of the sale of 6.328 million shares of common stock, priced at $1.30
per share, to a group of institutional and accredited individual investors.
Pursuant to the terms of the Private Placement, the Company has filed a
registration statement covering the resale of these shares. On October 3, 2005,
Estancia Corporation, an entity solely owned by Kenneth Berry Jr., purchased
50,000 shares of common stock pursuant to the Private Placement, and a trust of
which Mr. Berry is Trustee and a beneficiary purchased an additional 20,000
shares of common stock pursuant to the Private Placement. This transaction was
approved by the Audit Committee of the Board of Directors of the Company.
Jane Richards joined PYR as Controller in 2005. She was subsequently
appointed Principal Accounting Officer. Prior to joining PYR, Ms. Richards held
supervisory accounting and financial reporting positions with several oil
companies, most recently with Tipperary Corporation and Williams Companies Inc.
She received a B.S. degree in Accounting from the University of Denver.
The Company does not have an employment agreement with either Mr. Berry or
Ms. Richards.
Item 7.01 Regulation FD Disclosure
On July 26, 2006, the Company issued a press release entitled "PYR Energy
Reports New Management Positions." The release is attached at Exhibit 99.1
Item 9.01 Financial Statements and Exhibits
Exhibits. The following exhibits are filed herewith:
17. Memorandum from Scott Singdahlsen regarding his resignation as an
officer and director of the Company.
99.1 Press Release issued July 26, 2006.
SIGNATURES
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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.
Date: July 27, 2006 PYR ENERGY CORPORATION
By: /s/ Kenneth R. Berry, Jr.
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Kenneth R. Berry, Jr.
Chief Executive Officer