8-K 1 h42118e8vk.htm FORM 8-K - CURRENT REPORT e8vk
 

 
 
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
December 11, 2006
Date of report (Date of earliest event reported)
STONE ENERGY CORPORATION
 
(Exact Name of Registrant as Specified in Charter)
         
Delaware   1-12074   72-1235413
         
(State or Other
Jurisdiction of
Incorporation) 		  (Commission File
Number) 		  (IRS Employer
Identification No.)
     
625 E. Kaliste Saloom Road    
Lafayette, Louisiana   70508
     
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s telephone number, including area code: (337) 237-0410
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:
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 December 11, 2006, Craig L. Glassinger resigned from his position of Executive Vice President — Business Development effective December 31, 2006. Pursuant to our Executive Change of Control and Severance Plan, Mr. Glassinger will be receiving within thirty days of December 31, 2006 a lump sum cash payment equal to his Annual Pay and 100% of his bonus opportunity for 2006. In addition to amounts paid pursuant to the Plan, he will receive a cash payment of $168,039.
Item 7.01. Regulation FD Disclosure.
     On December 13, 2006, we issued a press release announcing that our Board of Directors has approved and endorsed a strategic plan to re-focus on our Gulf of Mexico shelf exploitation properties. As part of this strategy, we expect to divest selected properties in the Rocky Mountains and in the Gulf of Mexico/Gulf Coast. We anticipate that the proceeds from the planned asset sales would be used to materially reduce our debt level. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.
     In accordance with General Instruction B.2 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
     
 
    
99.1
  Press release dated December 13, 2006, “Stone Energy Corporation Announces Divestiture Program, Debt Reduction Plans.”

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SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, Stone Energy Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  STONE ENERGY CORPORATION
 		  
Date: December 14, 2006  By:   /s/ J. Kent Pierret    
    J. Kent Pierret   
    Senior Vice President, Chief Accounting Officer and Treasurer   
 

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EXHIBIT INDEX
     
Exhibit Number   Description
 
    
99.1
  Press release dated December 13, 2006, “Stone Energy Corporation Announces Divestiture Program, Debt Reduction Plans.”

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