797
"Employee had been terminated because he had objected to the levels of oil and gas reserves disclosed by SandRidge in its public filings."
EXHIBIT A
SUBPOENA DUCES TECUM
DEFINITIONS AND INSTRUCTIONS
1. The term “SEC Investigation” shall refer to the description in the Debtors’ Amended
Disclosure Statement, filed on July 15, 2016 [Docket No. 529] concerning the ongoing Securities and Exchange Commission (“SEC”) investigation, which states at page 39:
“SandRidge received a letter from an attorney for a former employee at SandRidge (the ‘Former Employee’). In the letter, the attorney alleged, among other things, that the Former Employee had been terminated because he had objected to the levels of oil and gas reserves disclosed by SandRidge in its public filings. Over 85% of such reserves were calculated by an independent petroleum engineering firm. The Audit Committee of SandRidge’s Board of Directors (the ‘Audit Committee’) has retained an independent law firm to review the Former Employee’s allegations and the circumstances of the Former Employee’s termination. In addition, SandRidge reported the Former Employee’s allegations to the SEC staff, which thereafter issued two subpoenas to SandRidge relating to the Former Employee’s allegations. Counsel for the Audit Committee is responding to both of these subpoenas.
“During the course of the above inquiries, the SEC issued a subpoena to SandRidge seeking documents relating to employment-related agreements between SandRidge and certain employees. SandRidge is cooperating with this inquiry and, after discussion with staff, SandRidge sent corrective letters to certain current and former employees who had entered into agreements containing language that may have been inconsistent with SEC rules prohibiting a company from impeding an individual from communicating directly with the SEC about possible securities law violations. SandRidge also updated its Code of Conduct and other relevant policies.
“SandRidge continues to cooperate with the above inquiries. On June 16, 2016, the SEC filed a proof of claim in the amount of $1.2 million in respect of penalties with respect to the foregoing subpoenas and investigation.”
2. As used herein, the term “representative” shall mean any and all agents, employees, servants, attorneys or other persons acting or purporting to act on your behalf.
3. As used herein, the term “person” shall mean any natural individual in any capacity whatsoever or any entity or organization, including divisions, departments and other units therein, and shall include, but not be limited to, a public or private corporation, partnership, joint venture, voluntary or unincorporated association, organization, proprietorship, trust, estate, governmental agency, commission, bureau or department.
