Double Eagle Petroleum Company 8-K 2012
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Double Eagle Petroleum Co.
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)
Item 1.02 Termination of a Material Definitive Agreement.
As discussed in Item 5.02 below, on March 30, 2012, Double Eagle Petroleum Co. (the "Company") entered into an Amended and Restated Employment Agreement with each of Richard Dole, Chief Executive Officer, Kurtis Hooley, Chief Financial Officer, Ashley Jenkins, Vice President – Controller. These agreements terminate and amend and restate existing employment agreements with Messrs. Dole and Hooley and Ms. Jenkins.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On March 30, 2012, the Company entered into an Amended and Restated Employment Agreement with each of Richard Dole, Chief Executive Officer, Kurtis Hooley, Chief Financial Officer, Ashley Jenkins, Vice President – Controller and an Employment Agreement with Clark Huffman, PhD., Vice President – Operations. The agreements, which are effective January 1, 2012 and have an initial term through December 31, 2012, amend and restate existing employment agreements for Messrs. Dole and Hooley and Ms. Jenkins. Generally, the amendments made to the existing employment agreements by the Company’s Compensation Committee were to conform with the Company’s recently adopted Long Term Incentive Plan and to update the termination clauses. Dr. Huffman did not previously have an employment agreement with the Company. The agreements are automatically renewable for successive one-year periods unless terminated by the employee or the Company.
Item 9.01 Financial Statements and Exhibits.
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.