-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FJHobhwZxjIfUOUhd1xtv/YCTmxvEDJZ0MPUGlFvYqYL//yWfVB7nhhzv13/+kvj Br0D20p6y8ZNt7bnIKMf+A== 0000950129-08-000468.txt : 20080204 0000950129-08-000468.hdr.sgml : 20080204 20080204165445 ACCESSION NUMBER: 0000950129-08-000468 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080129 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080204 DATE AS OF CHANGE: 20080204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Complete Production Services, Inc. CENTRAL INDEX KEY: 0001340041 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 721503959 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32858 FILM NUMBER: 08572904 BUSINESS ADDRESS: STREET 1: 11700 OLD KATY ROAD STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77079 BUSINESS PHONE: 281-372-2300 MAIL ADDRESS: STREET 1: 11700 OLD KATY ROAD STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77079 8-K 1 h53601e8vk.htm FORM 8-K - CURRENT REPORT e8vk
 

 
 
UNITED STATES 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
January 29, 2008
Date of Report (Date of earliest event reported)
COMPLETE PRODUCTION SERVICES, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   1-32858   72-1503959
(State or other jurisdiction of   (Commission   (IRS Employer
incorporation)   File Number)   Identification No.)
     
11700 Old Katy Road, Suite 300    
Houston, Texas   77079
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (281) 372-2300
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.
(e) Compensatory Arrangements of Certain Officers.
The Management Incentive Plan.
     On January 29, 2008, the Compensation Committee of Complete Production Services, Inc. (the “Company”) revised the targeted bonus payouts, expressed as a percentage of base salary, under the Company’s Management Incentive Plan for fiscal 2008, as follows:
         
Name and Position   Prior Years’ Target Bonus   2008 Target Bonus
Joseph C. Winkler,
  100% of base salary   125% of base salary
Chairman and Chief
        
Executive Officer
        
 
        
Brian K. Moore, President
  75% of base salary   100% of base salary
and Chief Operating Officer
        
 
        
J. Michael Mayer, Senior
  60% of base salary   85% of base salary
Vice President and Chief
        
Financial Officer
        
 
        
Other Named Executive Officers
  50% of base salary   75% of base salary

     As with 2007 and prior years, for 2008, target bonus will be earned at “Expected Value” performance levels, while “Entry Level” performance will result in payment equal to 10% of target bonus, “Over Achievement” performance will result in payment equal to 150% of target bonus, and “Stretch” performance will result in payment equal to 200% of target bonus, with linear interpolation between such levels.

 

 

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.
         
  Complete Production Services, Inc.
 		  
Date: February 4, 2008  By:   /s/ James F. Maroney    
    James F. Maroney   
    Vice President, Secretary and General Counsel   
 

 

-----END PRIVACY-ENHANCED MESSAGE-----