-----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, ELCSiMqqDb5lEiy7Z32iYb7YrYAEzN4GjMWXtyvpzbrYNJjpf5GGX4++tkGzcB3H 0gwQWhTNcLyikIvl6P9kQA== 0001104659-09-050827.txt : 20090820 0001104659-09-050827.hdr.sgml : 20090820 20090820165036 ACCESSION NUMBER: 0001104659-09-050827 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090819 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090820 DATE AS OF CHANGE: 20090820 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: 091026991 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 a09-23743_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):  August 19, 2009

 

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. 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 August 19, 2009, the Board of Directors (the “Board”) of Forest Oil Corporation (“Forest”) increased the number of members constituting the full Board from six to seven, and elected Raymond I. Wilcox to fill the vacancy on the Board created by such action.  Mr. Wilcox will stand for election at the next annual meeting of shareholders in 2010.  Mr. Wilcox also has been appointed to serve on the Compensation and the Nominating and Corporate Governance Committees of the Board.

 

In connection with his election to the Board, Mr. Wilcox received a grant of 7,735 shares of restricted stock under Forest’s 2007 Stock Incentive Plan.  The shares have a fair market value of $125,000 as of the date of the award, and are subject to forfeiture restrictions that will lapse on the first anniversary of the award grant.  Mr. Wilcox will also be entitled to receive the annual non-employee director retainer of $50,000 per year for his service on the Board, and an additional $5,000 annually for service as a member on each of the Compensation and the Nominating and Corporate Governance Committees of the Board.

 

The Board has determined that Mr. Wilcox is independent under the applicable listing standards of the New York Stock Exchange.  There are no arrangements or understandings between Mr. Wilcox and any other person pursuant to which Mr. Wilcox was elected as a director and there are no transactions requiring disclosure under Item 404(a) of Regulation S-K.

 

Item 8.01               Other Events.

 

On August 20, 2009, Forest issued a press release announcing the election of Mr. Wilcox to the Board.  The full text of the press release is furnished as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

 

Item 9.01               Financial Statements and Exhibits.

 

(d)                                Exhibits.

 

 

Exhibit

 

Description

 

 

 

 

 

99.1

 

Forest Oil Corporation press release dated August 20, 2009.

 

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.

 

 

 

FOREST OIL CORPORATION

 

              (Registrant)

 

 

 

 

Dated:   August 20, 2009

By

/s/ CYRUS D. MARTER IV

 

 

Cyrus D. Marter IV

 

 

Senior Vice President, General Counsel and Secretary

 

3



 

INDEX TO EXHIBITS FILED WITH THE CURRENT REPORT ON FORM 8-K

 

Exhibit

 

Description

 

 

 

99.1

 

Forest Oil Corporation press release dated August 20, 2009.

 

4


EX-99.1 2 a09-23743_1ex99d1.htm EX-99.1

 

Exhibit 99.1

 

 

NEWS

 

FOR FURTHER INFORMATION

 

 

 

FOREST OIL CORPORATION

 

CONTACT: PATRICK J. REDMOND

707 17th STREET, SUITE 3600

 

DIRECTOR - INVESTOR RELATIONS

DENVER, COLORADO 80202

 

303.812.1441

 

FOR IMMEDIATE RELEASE

 

FOREST OIL ANNOUNCES ELECTION OF

RAYMOND I. WILCOX AS A DIRECTOR

 

DENVER, COLORADO — August 20, 2009 - Forest Oil Corporation (NYSE: FST) (Forest or the Company) today announced the election of Raymond I. Wilcox to its Board of Directors.

 

Mr. Wilcox retired in March of 2008 as President and Chief Executive Officer of Chevron Phillips Chemical Company LLC.  From 2002 until 2006, Mr. Wilcox served as Vice President of Chevron Corporation and President of Chevron North America Exploration and Production Company where he managed Chevron’s exploration and production activities throughout North America.  Prior to 2002, Mr. Wilcox worked in various domestic and foreign assignments with Chevron responsible for onshore and offshore exploration, production and development projects as well as Chevron’s interests in the Northwest Shelf Liquefied Natural Gas Project.

 

Mr. Wilcox is a graduate from the University of Michigan and currently serves on the National Advisory Board for the University’s College of Engineering.  He has served on the Board and Executive Committees of the American Chemistry Council and the National Petrochemical & Refiners Association and also served on the Upstream Committee of the American Petroleum Institute.

 

James D. Lightner, Forest’s Chairman, stated, “Ray Wilcox brings a long history of upstream expertise and proven strategic leadership to our Board.  We are excited that he will be a part of helping us shape the future of Forest Oil.”

 

*****

 

Forest Oil Corporation is engaged in the acquisition, exploration, development, and production of natural gas and liquids in North America and selected international locations.  Forest’s principal reserves and producing properties are located in the United States in Arkansas, Louisiana, New Mexico, Oklahoma, Texas, Utah, and Wyoming, and in Canada.  Forest’s common stock trades on the New York Stock Exchange under the symbol FST.  For more information about Forest, please visit its website at www.forestoil.com.

 

August 20, 2009

 


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