-----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, CQXdXcR5nt4AE5UL9J0wEXSpyKsF6+B/DcV+h8X3ti5zMkBAJ7mD8eEqN5JIeYrh Yge24gpQEdbpUoVmfMBmuQ== 0000798949-05-000062.txt : 20050906 0000798949-05-000062.hdr.sgml : 20050905 20050906095451 ACCESSION NUMBER: 0000798949-05-000062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050901 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050906 DATE AS OF CHANGE: 20050906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIT CORP CENTRAL INDEX KEY: 0000798949 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 731283193 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09260 FILM NUMBER: 051069224 BUSINESS ADDRESS: STREET 1: 1000 KENSINGTON TOWER STREET 2: 7130 SO LEWIS STE 1000 CITY: TULSA STATE: OK ZIP: 74136 BUSINESS PHONE: 9184937700 MAIL ADDRESS: STREET 1: 1000 KENSINGTON TOWER STREET 2: 7130 SO LEWIS STE 1000 CITY: TULSA STATE: OK ZIP: 74136 8-K 1 form8kdirectorfees.htm FORM 8-K FOR INCREASE IN DIRECTOR FEES

 

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

 

Date of Report (Date of earliest event reported): September 1, 2005

 

Unit Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Delaware

1-9260

73-1283193

 

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

 

 

 

7130 South Lewis, Suite 1000, Tulsa, Oklahoma

74136

 

(Address of principal executive offices)

(Zip Code)

 

 

Registrant’s telephone number, including area code: (918) 493-7700

 

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:

 

___

Written communications pursuant to Rule 425 under the 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))

 

 

 

 

Section 1 – Registrant's Business and Operations.

Item 1.01

Entry into a Material Definitive Agreement.

On September 1, 2005 the Compensation Committee of the Board of Directors of Unit Corporation approved an amendment to the Company's non-employee director compensation arrangements that will take effect immediately. The amendment increases the annual retainer fee for Board membership from $24,000 per year to $30,000 per year.

For the current year, the increase will be paid on a prorated basis.

As a result of this amendment, the various components of the cash compensation paid to the Company's Directors is as follows:

Annual retainer payable quarterly

$30,000

Annual retainer for each committee a Board member serves on payable quarterly

$2,000

Each Board meeting attended

$1,000

Each committee meeting attended

$1,000

Additional compensation for service as Chairman of the Audit Committee

$5,000

Additional compensation for service as Chairman for each of the Compensation Committee and Nominating & Governance Committee

$2,000

Reimbursement for travel expenses incurred attending stockholder, Board and committee meetings

Yes

Range of total compensation earned by directors (for the year)

$31,000 - $49,000

 

 

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.

 

 

 

 

Unit Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

Date: September 6, 2005

By:

By: /s/ Mark E. Schell

 

 

 

Name: Mark E. Schell

 

 

 

 

 

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