Clayton Williams Energy Inc /De - Current report filing (8-K)
May 08 2008 - 4:58PM
Edgar (US Regulatory)
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
|
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$ 15,000
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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
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By:
|
/s/
L. Paul Latham
|
|
|
|
L.
Paul Latham
|
|
|
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Executive
Vice President and
|
|
|
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Chief
Operating Officer
|
Date:
|
May
8, 2008
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By:
|
/s/
Mel G. Riggs
|
|
|
|
Mel
G. Riggs
|
|
|
|
Senior
Vice President and
|
|
|
|
Chief
Financial Officer
|
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