Harold Hamm
American businessman
- Entries
- 9
- On the record
- 3
- Stories
- 2
- Latest entry
- Nov 22, 2022
The record
Harold Hamm is the founder of Continental Resources, the Oklahoma City oil producer. Its 2007 prospectus says he began his career in the oil and gas industry in 1967 and had served as chief executive and a director since the company's inception that year. When Continental went public on the New York Stock Exchange in May 2007, at $15.00 a share, he was set to own about 73.2% of its stock.
His ownership is what put his 2012 divorce on the financial pages. In March 2013 CNBC reported that his wealth, estimated at more than $11 billion, came from a 68% stake in Continental, and that the company had disclosed a divorce petition pending in Oklahoma County District Court. The roughly $975 million decree and the rejected check are covered in this file's stories.
He handed the chief executive job to William B. Berry on January 1, 2020, staying on as executive chairman. In October 2022, with his family owning about 83% of Continental, a company he wholly owned agreed to buy out the remaining shareholders at $74.28 a share in cash. Continental said the merger would close on November 22, 2022, ending its NYSE listing.
Roles and honours on the record
Every entry, newest first
- Ruled
Ex-wife rejected check for about $975 million issued under a judge's divorce decree, per the Wall Street Journal. Divorce settlement fights: Hamm's returned check, Irving's 'lie'
- Ruled
Oklahoma judge ordered about $975 million to ex-wife Sue Ann Arnall; she rejected the check, lawyers confirmed (WSJ). Most expensive divorces: Wildenstein's $2.5B tops our ranking
- Filed
Sue Ann Hamm filed for divorce from Harold Hamm in Oklahoma, court records show, per Reuters. Divorce settlement fights: Hamm's returned check, Irving's 'lie'
Stories in this file
Money ยท ๐ Most expensive divorces: Wildenstein's $2.5B tops our ranking
Four of the seven carry a dollar figure on record. The other three rank on what was filed, frozen or reported. ๐
Money ยท ๐ธ Divorce settlement fights: Hamm's returned check, Irving's 'lie'
Sue Ann Arnall sent back a ~$975M check, Amy Irving called her $100M figure 'a lie', Rybolovlev's accounts froze. Six fights over the money. ๐
The record, entry by entry
- 1967 Official Hamm began his career in the oil and gas industry and served as Continental's chief executive and a director from its inception that year, according to the company's 2007 prospectus. Continental Resources, IPO prospectus filed with the SEC
- 2007-05-16 Official Continental filed its final prospectus for an initial public offering of 29.5 million shares at $15.00 each, listing on the NYSE as CLR. After the offering Hamm, its chairman and CEO, would beneficially own 122,980,608 shares, about 73.2%. Continental Resources, IPO prospectus filed with the SEC
- 2013-03-22 Reported CNBC reported that Hamm's wealth, estimated at more than $11 billion, came from his 68% ownership of Continental, and that the company said a divorce petition was pending in Oklahoma County District Court. CNBC report
- 2019-12-11 Official Continental disclosed that Hamm had asked to step down as chief executive. The board named him Executive Chairman and named director William B. Berry CEO, effective January 1, 2020. Continental Resources, Form 8-K
- 2022-10-16 Official Continental agreed to merge with Omega Acquisition, Inc., wholly owned by Hamm, which would tender for all shares not owned by the Hamm family, then holding about 83%, at $74.28 per share in cash. Continental Resources, Form 8-K
- 2022-11-22 Official The tender offer expired with 36,312,840 shares tendered, about 62.5% of the shares not already owned by the Hamm family. Continental said the merger would close that day and its stock would stop trading on the NYSE before the market opened on November 23. Continental Resources, Form 8-K and press release
Documents
- Continental Resources IPO prospectus, Form 424(b)(1) (May 2007)
- Continental Resources Form 8-K, CEO transition (Dec. 11, 2019)
- Continental Resources Form 8-K, merger agreement with Omega Acquisition (Oct. 17, 2022)
- Continental Resources Form 8-K, tender offer results and going-private merger (Nov. 22, 2022)