Quicksilver Resources 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 8, 2005
QUICKSILVER RESOURCES INC.
(Exact Name of Registrant as Specified in Charter)
777 West Rosedale, Suite 300
Fort Worth, Texas 76104
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: (817) 665-5000
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 Instructions A.2. below):
Item 1.01. Entry into a Material Definitive Agreement.
At a meeting of the Compensation Committee of the Board of Directors of Quicksilver Resources Inc. (Quicksilver) held on February 8, 2005, the Compensation Committee approved awards of retention shares to the executive officers of Quicksilver included in the Summary Compensation Table in Quicksilvers proxy statement relating to its 2004 annual meeting of stockholders as follows: Thomas F. Darden, Quicksilvers Chairman of the Board, 6,092 retention shares; Glenn M. Darden, Quicksilvers President and Chief Executive Officer, 6,092 retention shares; Jeff Cook, Quicksilvers Senior Vice President, 4,375 retention shares; Bill Lamkin, Quicksilvers Executive Vice President and Chief Financial Officer, 4,375 retention shares; and John C. Cirone, Quicksilvers Vice President, General Counsel and Secretary, 2,949 retention shares.
One-third of the number of retention shares subject to each of the foregoing awards vests on the first, second and third anniversaries of the grant thereof (subject to acceleration in specified circumstances). Any shares unvested as of the date of termination of any grantees employment with Quicksilver, except in the case of retirement, death or disability, will be forfeited by the grantee unless the Compensation Committee finds that the circumstances warrant the grantee retaining such shares. The closing price for shares of Quicksilver common stock on the New York Stock Exchange on February 8, 2005 was $44.51.
The information set forth above should be read in conjunction with the information set forth under the caption Executive Compensation in Quicksilvers proxy statement relating to its 2004 annual meeting of stockholders, and the information set forth in a Current Report on Form 8-K filed by Quicksilver with the Securities and Exchange Commission on January 28, 2005, both of which are available at Quicksilvers website at www.qrinc.com and the Securities and Exchange Commissions website at www.sec.gov.
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.
Date: February 11, 2005