-----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, EMUxMIC+bgDgiz3k9dber5GN0P/7acbR8GUY+uEm8LHnUlXXue0OO7WlxzC4UMNY fMHjAsCZHvva5B/0t4t/wg== 0001104659-07-079318.txt : 20071102 0001104659-07-079318.hdr.sgml : 20071102 20071102162109 ACCESSION NUMBER: 0001104659-07-079318 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071102 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20071102 DATE AS OF CHANGE: 20071102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FOREST OIL CORP CENTRAL INDEX KEY: 0000038079 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 250484900 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13515 FILM NUMBER: 071210890 BUSINESS ADDRESS: STREET 1: 707 SEVENTEENTH STREET STREET 2: SUITE 3600 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038121400 MAIL ADDRESS: STREET 1: 707 SEVENTEENTH STREET STREET 2: SUITE 3600 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Forest Oil CORP DATE OF NAME CHANGE: 20040819 FORMER COMPANY: FORMER CONFORMED NAME: FOREST OIL CORP DATE OF NAME CHANGE: 19920703 8-K 1 a07-28307_18k.htm 8-K

 

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):   November 2, 2007

 

FOREST OIL CORPORATION

(Exact name of registrant as specified in its charter)

 

New York

(State or other jurisdiction of incorporation)

 

 

1-13515

25-0484900

(Commission File Number)

(IRS Employer Identification No.)

 

 

707 17th Street, Suite 3600, Denver, Colorado

80202

(Address of principal executive offices)

(Zip Code)

 

 

303.812.1400

(Registrant’s telephone number, including area code)

 

 

(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.):

 

        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.

 

                The Compensation Committee (the “Compensation Committee”) of the Board of Directors of Forest Oil Corporation (“Forest”) approved the establishment of a special discretionary bonus pool to be used for special cash awards to Forest employees (other than the President and Chief Executive Officer) who were involved with Forest’s acquisition of The Houston Exploration Company and the related financing transactions completed in June 2007 and the disposition of Forest’s Alaska assets that was completed in August 2007.  Employee participation in the special bonus program and the size of any awards are subject to various constraints approved by the Committee.  Individual participation and individual cash awards under the special discretionary bonus program are determined by the President and Chief Executive Officer.  In addition, the Committee separately approved a special discretionary bonus award to the President and Chief Executive Officer for his work on the foregoing transactions.  The special discretionary bonus awards, which were given final approval on November 2, 2007, include cash bonuses awarded to H. Craig Clark, President and Chief Executive Officer, in the amount of $300,000, and other executive officers of Forest, including among others the following:  David H. Keyte, $300,000; Leonard C. Gurule, $90,000; and J.C. Ridens, $175,000.

 

 

 

 

 

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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.

 

 

 

FOREST OIL CORPORATION

 

            (Registrant)

 

 

 

Dated: November 2, 2007

By:

/s/ CYRUS D. MARTER IV

 

 

Cyrus D. Marter IV

 

 

Vice President —

 

 

General Counsel and Secretary

 

 

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