0000945764-12-000003.txt : 20120112 0000945764-12-000003.hdr.sgml : 20120112 20120112155030 ACCESSION NUMBER: 0000945764-12-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120106 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120112 DATE AS OF CHANGE: 20120112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DENBURY RESOURCES INC CENTRAL INDEX KEY: 0000945764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752815171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12935 FILM NUMBER: 12524216 BUSINESS ADDRESS: STREET 1: 5320 LEGACY DRIVE CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 9726732000 MAIL ADDRESS: STREET 1: 5320 LEGACY DRIVE CITY: PLANO STATE: TX ZIP: 75024 FORMER COMPANY: FORMER CONFORMED NAME: NEWSCOPE RESOURCES LTD DATE OF NAME CHANGE: 19950627 8-K 1 form8k.htm CURRENT REPORT, ITEMS 5.02 form8k.htm
 
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): January 6, 2012
 
DENBURY RESOURCES INC.
(Exact name of Registrant as specified in its charter)

 
Delaware
(State or other jurisdiction of
incorporation or organization)
     
     
1-12935
(Commission File Number)
  
20-0467835
(I.R.S. Employer Identification No.)
     
     
5320 Legacy Drive,
Plano, Texas
  
 
75024
(Address of principal executive offices)
  
(Zip code)
Registrant's telephone number, including area code:
  
(972) 673-2000
 
N/A
 
(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))

 
 
 
 
 
Section 5 – Corporate Governance and Management
 
Item 5.02(d) – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective January 6, 2012, Laura A. Sugg of Katy, Texas was appointed to the Board of Directors (the “Board”) of Denbury Resources Inc. (the “Company”), bringing the number of Denbury directors to eleven.
 
Ms. Sugg is an independent consultant with 29 years of oil and gas industry experience.  Ms. Sugg currently serves on the Board of Directors of The Williams Companies, Inc. (NYSE: WMB) and Williams Partners L.P. (NYSE: WPZ) and previously served on the Board of Directors of Mariner Energy and Huber Energy.  Ms. Sugg is a retired senior executive of ConocoPhillips (NYSE: COP), serving over 20 years in diverse roles of increasing responsibility, last serving as President of the Australasia Division.  In this role, Ms. Sugg was responsible for growth of ConocoPhillips’ operations in Australia and East Timor and for their operational profitability.  Ms. Sugg has a bachelor’s degree in chemical engineering from Oklahoma State University and is a member of the National Association of Corporate Directors and the Oklahoma State University Engineering Advisory Board.
 
Ms. Sugg’s committee appointments will be determined at the next regularly scheduled Board meeting in March.  On January 6, 2012, following her appointment to the Board, Ms. Sugg was granted 7,586 shares of restricted stock which will vest on January 6, 2013.  Ms. Sugg is also entitled to participate in the Director Compensation Plan, which allows each non-employee director to make a quarterly election regarding whether to receive compensation in cash or in shares of Company common stock.
 
A copy of the press release regarding Ms. Sugg’s appointment is filed as Exhibit 99.1 hereto.

 
Section 9 – Financial Statements and Exhibits
 
Item 9.01(d) – Exhibits
 
Exhibit Number
  
Description
99.1
  
Denbury Press Release, dated January 9, 2012
 
 
 
 
 
 
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 thereunto duly authorized.
       
 
Denbury Resources Inc.
(Registrant)
 
 
  
Date: January 12, 2012
By:  
/s/ Alan Rhoades  
  
   
Alan Rhoades 
   
Vice President and Chief Accounting Officer 
 
 
 EX-99.1 2 exhibit.htm DENBURY PRESS RELEASE exhibit.htm
Exhibit 99.1
DENBURY RESOURCES INC.
PRESS RELEASE
Denbury Announces Appointment of New Board Member

News Release
Released at 7:30 a.m. CST

PLANO, TX – January 9, 2012 – Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced the appointment of Laura A. Sugg, of Katy, Texas, to its Board of Directors (“Board”) effective January 6, 2012. The appointment of Ms. Sugg to the Board increases the number of Denbury directors to eleven. Ms. Sugg’s committee appointments will be determined at the next regularly scheduled Board meeting in March.

Laura Sugg is an independent consultant with 29 years of oil and gas industry experience. Ms. Sugg currently serves on the Board of Directors of The Williams Companies, Inc. (NYSE: WMB) and Williams Partners L.P. (NYSE: WPZ) and previously served on the Board of Directors of Mariner Energy and Huber Energy. Ms. Sugg is a retired senior executive of ConocoPhillips (NYSE: COP), serving over 20 years in diverse roles of increasing responsibility, last serving as President of the Australasia Division. In this role, Ms. Sugg was responsible for growth of ConocoPhillips’ operations in Australia and East Timor and for their operational profitability. Ms. Sugg has a bachelor's degree in chemical engineering from Oklahoma State University and is a member of the National Association of Corporate Directors and the Oklahoma State University Engineering Advisory Board.

Wieland Wettstein, Chairman of the Board, said, "I am very pleased to announce the appointment of Laura to our Board. Her diverse experience and accomplishments make her an outstanding addition and will complement the skills and experience of our Board. I look forward to the leadership and perspectives that Laura will bring to the Board as we continue to grow and execute our strategy.”

Denbury Resources Inc. (www.denbury.com) is a growing independent oil and natural gas company. The Company is the largest oil and natural gas operator in both Mississippi and Montana, owns the largest reserves of CO2 used for tertiary oil recovery east of the Mississippi River, and holds significant operating acreage in the Rockies and Gulf Coast regions. The Company's goal is to increase the value of acquired properties through a combination of exploitation, drilling and proven engineering extraction practices, with its most significant emphasis relating to tertiary recovery operations.


For further information contact:

DENBURY RESOURCES INC.
Phil Rykhoek, Chief Executive Officer, 972-673-2000
Mark Allen, Sr. VP and Chief Financial Officer, 972-673-2000
Jack Collins, Executive Director, Investor Relations, 972-673-2000
www.denbury.com