UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
Date of Report: April 2, 2008
(Date of earliest event reported)
SPINDLETOP OIL & GAS CO.
(Exact name of registrant as specified in its charter)
Texas 000-18774 75-2063001
(State or other jurisdiction (Commission File No.) (IRS Employer ID #)
of incorporation or organization)
12850 Spurling Rd., Suite 200
Dallas, Texas 75230
(Address of principal executive offices)
(972) 644-2581
(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))
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Agreements of
Certain Officers.
On April 2, 2008, Mr. David E. Allard, age 49, was appointed as a member of
the Board of Directors of Spindletop Oil & Gas Co. Mr. Allard has served as
Chief Financial Officer (since February 2005) of Digital Witness
Surveillance, a Dallas, Texas based development stage software provider;
Executive Vice President and Secretary (April 2003 to February 2, 2005) of
Internet America, Inc. Mr. Allard was Chief Operating Officer (2000-2002) of
Primedia Workplace Learning, a workplace training business; Executive Vice
President and Chief Financial Officer (1999-2000) of E-Train, Inc., a
provider of online job training and seminars; Special Advisor (1998-1999) of
Thayer Capital Partners; Chief Operating Officer (1997-1998) of Career Track,
Inc. (a TCI subsidiary); Senior Vice President and Vice President - Business
Development (1992-1996) of Westcott Communications, Inc.; Partner (1985-1992)
of Farmer and Allard, P.C. (a CPA firm); Audit Manager/CPA (1983-1985) of
Grant Thornton LLP (a CPA firm). Mr. Allard is a Director (since February
20, 2004) and Chairman of the Audit Committee of the Board of Income
Opportunity Realty Investors, Inc. a Dallas, Texas based real estate company
which has its common stock listed and traded on the American Stock Exchange.
Mr. Allard has been a Certified Public Accountant since 1983.
The Board of Directors has determined that Mr. Allard has all the credentials
and qualifications to be an Independent Financial Expert and has been
appointed as an Independent Financial Expert for the Audit Committee of the
board of directors. He has been appointed as Chairman of the Audit Committee
effective March 31, 2008. Chris G. Mazzini and Michelle H. Mazzini have also
been appointed as members of the Audit Committee of the board of directors as
of March 31, 2008.
Mr. Allard will be compensated in the amount of $10,000.00 for his service as
a director for the year 2008 with additional compensation of $2,500.00 to be
paid for each board meeting attended.
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 thereunto duly authorized.
SPINDLETOP OIL & GAS CO.
(Registrant)
Date: April 4, 2008 By: /s/ Chris G. Mazzini
Chris G. Mazzini
President and Chief
Executive Officer