form_8-k.htm
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): May 5, 2009 (May 1,
2009)
MASSEY
ENERGY COMPANY
(Exact
Name of Registrant as Specified in Its Charter)
|
Delaware
(State
of Incorporation)
|
|
1-7775
(Commission
File Number)
|
|
95-0740960
(I.R.S.
Employer Identification No.)
|
4
North 4th Street,
Richmond, Virginia 23219
(Address
of principal executive offices) (Zip
Code)
Registrant's
telephone number, including area code: (804) 788-1800
N/A
(Former
name, former address and former fiscal year, if changed since last report
date)
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))
As
previously disclosed by Massey Energy Company (“Massey”), in response to the
current market conditions, Massey has taken action to reduce
costs. In conjunction with and in support of Massey’s cost reduction
initiatives, all of Massey’s named executive officers, Messrs. Blankenship,
Phillips, Adkins, Snelling, and Tolbert, have taken a ten percent reduction in
their monthly base compensation, effective as of May 1, 2009. Other
compensation to which named executive officers are entitled by contract will
remain unchanged, and payments under any employment and/or change of control
agreement which are salary-based will continue to be based on the applicable
unreduced base salary amounts for the named executive officers with employment
agreements.
Item 8.01. Other
Events
Non-Employee
Director Compensation
In
conjunction with and in support of Massey’s cost reduction initiatives, all of
Massey's non-employee directors voluntarily agreed to reduce the cash component
of their annual base retainer by ten percent.
SIGNATURE
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: May
5, 2009
MASSEY
ENERGY COMPANY
By:
/s/ Richard R.
Grinnan
Richard R.
Grinnan
Vice President and
Corporate Secretary