UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 5, 2008

CLAYTON WILLIAMS ENERGY, INC.
(Exact name of Registrant as specified in its charter)


Delaware
 
001-10924
 
75-2396863
(State or other jurisdiction of
 
(Commission File
 
(I.R.S. Employer
incorporation or organization)
 
Number)
 
Identification Number)


6 Desta Drive, Suite 6500, Midland, Texas
 
79705-5510
(Address of principal executive offices)
 
(Zip code)



Registrant's Telephone Number, including area code:    (432) 682-6324


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))


 

 
 
 
 

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


On May 5, 2008, the Compensation Committee of the Board of Directors of Clayton Williams Energy, Inc. (the “Company”) authorized the Company to pay cash bonuses to certain employees and consultants of the Company in recognition of their contribution to the Company’s recent sale of properties in Louisiana.  The amounts of the bonuses that were authorized to be paid to each of the Company’s named executive officers, as shown in the Company’s proxy statement dated March 25, 2008, are set forth below:

Officer            
 
Cash Bonus Amount
L. Paul Latham
 
$     175,000
Mel G. Riggs
 
$     175,000
Patrick C. Reesby
 
$     450,000
T. Mark Tisdale
 
$       15,000


 

 

 
 
 
 

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 hereunto duly authorized.
 
   
CLAYTON WILLIAMS ENERGY, INC.



Date:
May 8, 2008
By:
/s/ L. Paul Latham
     
L. Paul Latham
     
Executive Vice President and
     
  Chief Operating Officer



Date:
May 8, 2008
By:
/s/ Mel G. Riggs
     
Mel G. Riggs
     
Senior Vice President and
     
  Chief Financial Officer

Williams (CLAYTON) Energy, Inc. (NYSE:CWEI)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Williams (CLAYTON) Energy, Inc. Charts.
Williams (CLAYTON) Energy, Inc. (NYSE:CWEI)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Williams (CLAYTON) Energy, Inc. Charts.