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: ~~April~~October 151, 2020

(Date of earliest event reported)

YUMA ENERGY, INC.

(Exact name of registrant as specified in its charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-37932

(Commission File Number)

94-0787340

(IRS Employer Identification No.)

1177 West Loop South, Suite 1825

Houston, Texas 77027

(Address of principal executive offices) (Zip Code)

(713) 968-7000

(Registrant’s telephone number, including area code)

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:

☐ 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))

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	YUMA	NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.03 Bankruptcy or Receivership

On April 15, 2020, the Company and three of its subsidiaries Yuma Exploration and Production Company, Inc., Davis Petroleum Corp., and The Yuma Companies, Inc. (collectively, the Company and the filing subsidiaries, the “Debtors”), filed voluntary Chapter 11 petitions for relief under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”).

The Debtors intend to use the Chapter 11 process to implement the orderly liquidation of their assets in an effort to maximize values and recoveries to stakeholders. The Debtors intend to seek immediate court approval to conduct an auction for substantially all of their assets, which primarily consist of operating and non-operating interests in several properties in Louisiana, Texas, Wyoming and Oklahoma. The auction is expected to occur within the first 90 days of the bankruptcy filings.

The Debtors may negotiate to obtain a new Debtor-in-Possession (“DIP”) financing to provide working capital to support normal operations and the sale of assets during the Chapter 11 process. However, it is not certain that these negotiations to obtain DIP financing will be successfully completed.

Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 10, 2020, Anthony C. Schnur resigned from his executive positions of Interim Chief Executive Officer, Interim Chief Financial Officer, and Chief Restructuring Officer at Yuma Energy, Inc. Mr. Schnur was recently hired by Ankura Consulting Group, LLC (“Ankura”), and Mr. Schnur will oversee the operation of the Debtors during the bankruptcy process as he provides his services to the Company through Ankura. On April 13, 2020, Mr. Schnur was reappointed Chief Restructuring Officer of the Company.

A copy of the press release is included herewith as Exhibit 99.1, and the information in the press release is incorporated by reference into this Item 1.03, and Item 5.02.

Item 8.01. Other Events

OnAs previously reported, on April 15, 2020, the ~~Debtors~~Company ~~filed~~and anthree ~~emergency~~of ~~motion~~its ~~with~~subsidiaries ~~United~~Yuma ~~States~~Exploration ~~Bankruptcy~~and ~~Court~~Production ~~for~~Company, ~~the~~Inc., ~~Northern~~Davis ~~District~~Petroleum ofCorp., ~~Texas~~and anThe ~~emergency~~Yuma ~~motion~~Companies, ~~for~~Inc. ~~entry~~(collectively, ofthe anCompany ~~order~~and ~~(i)~~the ~~extending~~filing ~~time~~subsidiaries, tothe ~~file (a~~“Debtors”), ~~schedules~~filed ofvoluntary ~~assets~~Chapter ~~and~~11 ~~liabilities,~~petitions ~~(b)~~for ~~schedules~~relief ofunder ~~current~~the ~~income~~United ~~and~~States ~~expenditures,~~Bankruptcy ~~(c)~~Code ~~schedules~~in ofthe ~~executory~~U.S. ~~contracts~~Bankruptcy ~~and~~Court ~~unexpired~~for ~~leases,~~the ~~and~~Northern District of Texas (dthe “Bankruptcy Court”). The ~~statements~~Chapter of11 ~~financial~~Proceeding ~~affairs;~~is ~~(ii)~~being ~~waiving~~administered under the ~~requirement~~caption toand ~~file~~case anumber: ~~list~~In ofre ~~equity~~Yuma ~~security~~Energy, ~~holders;~~Inc. ~~and~~Case ~~(iii) granting~~No. ~~related relief~~20-41455-11.

On September 29, 2020, the Debtors filed their monthly operating reports for the period from June 1, 2020 to June 30, 2020 (the “Monthly Operating Report”) with the Bankruptcy Court. The Monthly Operating Reports are attached hereto as Exhibits [99.1 - 99.4] and are incorporated herein by reference. This Current Report on Form 8-K (including the exhibits hereto) (this “Form 8-K”) will not be deemed an admission as to the materiality of any information disclosed herein. The Monthly Operating Reports and other documents filed with the Bankruptcy Court are available for inspection at https://cases.stretto.com/yumaenergy/. Documents and other information available on such website are not part of this Form 8-K and are not deemed to be incorporated by reference in this Form 8-K. The information contained in this Item 8.01, including Exhibits 99.1 - 99.4, are not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and are not deemed to be incorporated by reference into any of the Company’s filings with the Securities and Exchange Commission (the “SEC”), whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
99.1		Press Release dated April 15, 2020

The following exhibits are included with this Current Report on Form 8-K.

Exhibit No.		Description

99.1 - 99.4		Monthly Operating Reports for the period from June 1, 2020 to June 30, 2020, filed with the United States Bankruptcy Court for the Northern and Eastern Districts of Texas.

EXHIBIT INDEX

Exhibit No.		Description
99.1		~~Press~~Yuma ~~Release~~Energy ~~dated~~Inc. ~~April~~Monthly 15Operating Report for the period from June 1, 2020 to June 30, 2020, filed with the United States Bankruptcy Court for the Northern and Eastern Districts of Texas, Region 6.
99.2		The Yuma Companies Monthly Operating Report for the period from June 1, 2020 to June 30, 2020, filed with the United States Bankruptcy Court for the Northern and Eastern Districts of Texas, Region 6.
99.3		Yuma Exploration & Production Company Inc. Monthly Operating Report for the period from June 1, 2020 to June 30, 2020, filed with the United States Bankruptcy Court for the Northern and Eastern Districts of Texas, Region 6.
99.4		Davis Petroleum Corp. Monthly Operating Report for the period from June 1, 2020 to June 30, 2020, filed with the United States Bankruptcy Court for the Northern and Eastern Districts of Texas, Region 6.

SIGNATURE

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.

	YUMA ENERGY, INC.	~~YUMA ENERGY, INC.~~
Date:	April 16, 2020	By:	/s/ Anthony C. Schnur
Date: October 1, 2020	By:	/s/ Anthony C. Schnur
		Anthony C. Schnur	~~Anthony C. Schnur~~
			Interim Chief Executive Officer, Interim Chief Financial Officer and Chief Restructuring Officer
		Chief Restructuring Officer

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