form8-k.htm
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): January 23, 2008 (January 18,
2008)
U.S.
ENERGY CORP.
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(Exact
Name of Company as Specified in its
Charter)
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Wyoming
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0-6814
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83-0205516
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(State
or other jurisdiction of
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(Commission
File No.)
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(I.R.S.
Employer
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incorporation
or organization)
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Identification
No.)
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Glen
L. Larsen Building
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877
North 8th
West
Riverton,
WY
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82501
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (307)
856-9271
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Not
Applicable
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Former
Name, Former Address or Former Fiscal Year,,
If
Changed From Last Report)
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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):
o Written
communications pursuant to Rule 425 under the Securities Act
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
Section
5: Corporate Governance and Management
Item
5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
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(b)
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Harold
F. Herron, who was Senior Vice-President and a Director of U.S.
Energy
Corp. (“USE”), has taken early retirement from USE as an employee, and
resigned from his positions as Senior Vice-President and a Director
of
USE. The resignations were on January 18, 2008, although Mr.
Herron did not provide active service to USE after December 28, 2007.
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(d)
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Effective
January 25, 2008, the USE board of directors has appointed Robert
Scott
Lorimer to serve as a director to fill the vacancy occasioned by
Mr.
Herron’s retirement. Mr. Lorimer will serve until the 2008
annual meeting of shareholders, and it is expected that the Nominating
Committee will ask Mr. Lorimer to stand for election at the meeting,
to
serve a full term (USE has staggered terms for each director’s service).
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Mr.
Lorimer (age 56) has over 30 years experience in the minerals
industry. He has been Chief Accounting Officer, Chief Financial
Officer, Vice President of Finance and Treasurer for USE for more than the
past
five years. In 1980, Mr. Lorimer served as Controller for the Gas
Hills uranium operations for TVA. Mr. Lorimer received a B.S. in
Finance, Accounting, Economics and German from Brigham Young University and
worked toward a Masters in Accountancy at the University of
Nebraska. He serves at the will of the board of
directors. There are no understandings between Mr. Lorimer and any
other person, pursuant to which he was named as an officer, or in his position
as a director (effective January 25, 2008), and he has no family relationship
with any of the other executive officers or directors of USE.
Section
9: Financial Statements and Exhibits
None
SIGNATURES
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 hereunto duly
authorized.
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U.S.
ENERGY CORP.
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Dated:
January 23, 2008
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By:
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/s/ Keith
G. Larsen
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Keith
G. Larsen, CEO
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