-----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, LktFIX9FEz07FFszOpz2nUl1dpddWp2FUtJGAjIvdbnihlZzcE5IAfd5b7yFEb77 RDUOPpTBFP54twWSR6VtSQ== 0000077877-09-000074.txt : 20090429 0000077877-09-000074.hdr.sgml : 20090429 20090429172337 ACCESSION NUMBER: 0000077877-09-000074 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090429 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20090429 DATE AS OF CHANGE: 20090429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PETROLEUM DEVELOPMENT CORP CENTRAL INDEX KEY: 0000077877 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 952636730 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07246 FILM NUMBER: 09780205 BUSINESS ADDRESS: STREET 1: 120 GENESIS BLVD. CITY: BRIDGEPORT STATE: WV ZIP: 26330 BUSINESS PHONE: 3048426256 MAIL ADDRESS: STREET 1: PETROLEUM DEVELOPMENT CO STREET 2: PO BOX 26 CITY: BRIDGEPORT STATE: WV ZIP: 26330 FORMER COMPANY: FORMER CONFORMED NAME: YELLOW WING URANIUM CORP DATE OF NAME CHANGE: 19730606 8-K 1 pod8k04242009.htm PDC8K04242009 pod8k04242009.htm


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
  
April 24, 2009
Date of report (Date of earliest event reported)

pdclogo
Petroleum Development Corporation
Exact Name of Registrant as Specified in Charter

Nevada
0-7246
95-2636730
State or Other Jurisdiction
of Incorporation
Commission
File Number
IRS Employer
Identification Number

1775 Sherman Street, Suite 3000, Denver, CO  80203
Address of Principal Executive Offices

303-860-5800
Registrant's telephone number, including area code

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):

[     ]   
Written communications pursuant to Rule 425 under 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))

No Change
Former Name or Former Address, if Changed Since Last Report
 
 
 


Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 24, 2009 Steven R. Williams informed the Company that he would not stand for reelection to the Board of Directors at the 2009 Annual Shareholders meeting. Mr. Williams believes it is best practice for the prior CEO to leave the Board of Directors after a transition period. Mr. Williams noted that he was pleased with the CEO transition process.

 The transition process began when Mr. Williams announced his intention to retire as CEO in July 2007. In June 2008 Mr. Williams retired as CEO and Mr. McCullough, CFO of the Company at that time, assumed the title of CEO.  In November 2008, Mr. Williams further resigned his duties as Chairman of the Board. Mr. Williams now will be leaving the Board of Directors as a member.  The size of the Board will be reduced from nine members to eight members as of the date of the 2009 Annual Meeting of Shareholders until such time, if any, which the Board chooses to expand the size of the Board and a new director, is appointed by the Board or elected by the shareholders the Board.



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.


PETROLEUM DEVELOPMENT CORPORATION

Date:
April 24, 2009
   
By:
 /s/ Richard W. McCullough
 
Richard W. McCullough
 
Chairman and CEO




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