Cano Petroleum, Inc - Current report filing (8-K)
September 12 2008 - 2:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, DC 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)
September 8
, 2008
Cano Petroleum, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-32496
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77-0635673
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(Commission File Number)
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(IRS Employer Identification No.)
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801 Cherry Street, Suite 3200
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Fort Worth, Texas
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76102
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(Address of Principal Executive Offices)
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(Zip Code)
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(817)
698-0900
(Registrants Telephone
Number, Including Area Code)
Not
Applicable
(Former Name or Former
Address, if Changed Since Last Report)
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 (
see
General Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o
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 September 8, 2008,
the Cano Petroleum, Inc. (Cano) Compensation Committee authorized and
the Cano independent directors ratified the following cash bonus payments to be
made on October 15, 2008 to the following executive officers pursuant to
the 2008 annual incentive payout levels and performance goals which were
adopted in February 2008 pursuant to the 2008 Annual Incentive Plan (the Plan):
Executive Officer
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Cash Bonus
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S. Jeffrey
Johnson
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$33,039
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Morris B. Sam
Smith
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$40,000
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Patrick McKinney
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$16,212
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Michael J.
Ricketts
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$30,000
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Phillip Feiner
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$10,000
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* * * * *
2
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.
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CANO PETROLEUM, INC.
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Date: September 12, 2008
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By:
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/s/
Benjamin Daitch
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Benjamin
Daitch
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Senior
Vice President and
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Chief
Financial Officer
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3
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