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) July 11, 2001 ------------- PLAINS RESOURCES INC. --------------------- (Exact name of registrant as specified in its charter) Delaware 13-2898764 ---------------------------------------------- ------------------- (State of other jurisdiction of (I.R.S. Employer incorporation) Identification No.) 0-9808 ------ (Commission File Number) 500 Dallas Street, Suite 700 Houston, Texas 77002 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (713) 654-1414. -------------- ITEM 5. OTHER EVENTS. On July 11, 2001, the Board of Directors of Plains Resources Inc. (the "Company") approved a stock repurchase program to repurchase up to five million shares of the Company's common stock. The Company issued a press release to report this repurchase program, which is included as an exhibit to this report. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits. 99.1 Press Release issued by the Company on July 12, 2001. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PLAINS RESOURCES INC. Date: July 16, 2001 /s/ Cynthia A. Feeback ______________________________ Cynthia A. Feeback Vice President -- Accounting 3 INDEX TO EXHIBITS ----------------- No. Exhibit --- ------- 99.1 Press release issued by the Company on July 12, 2001 4