epl8k_071508.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): July 15, 2008
————————————
ENERGY
PARTNERS, LTD.
(Exact
name of registrant as specified in its charter)
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|
Delaware
|
001-16179
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72-1409562
|
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
file number)
|
(I.R.S.
Employer
Identification
No.)
|
201
St. Charles Avenue, Suite 3400
New
Orleans, Louisiana 70170
(Address
of principal executive offices) (Zip Code)
(504) 569-1875
(Registrant’s
telephone number, including area code)
Not
Applicable
(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:
[ ]
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))
Item
5.02. Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(c) On
July 15, 2008, Energy Partners, Ltd. (the “Company”) announced that Mr. Stephen
D. Longon, age 51, was named Executive Vice President and Chief Operating
Officer. A copy of the press release is attached as Exhibit 99.1 to
this current report.
Mr.
Longon joined the Company as Senior Vice President of Drilling and Engineering
in July 2007, and was named Senior Vice President of Drilling, Engineering and
Production in February 2008. From May 2001 to July 2007, Mr. Longon
was employed by Dominion Exploration & Production, Inc. as a General Manager
of Production and Operations in its New Orleans office (from May 2005 to July
2007), and as a General Manager in its Houston office (from May 2001 to May
2005). From September 2000 to May 2001, Mr. Longon was employed by
ATP Oil & Gas Corporation as a Production Manager in its Houston
office. Prior to his employment with ATP Oil & Gas Corporation,
Mr. Longon was employed by Vastar Resources, Inc. (from 1993 to September 2000)
and Atlantic Richfield Company (from 1979 to 1993).
There are
no family relationships between Mr. Longon and any of our directors or
officers.
In
connection with his new position, Mr. Longon’s annual base salary was
increased from $245,000 to $340,000 and his annual bonus target as a
percentage of base pay was changed from 50% to 65%. Mr. Longon has
also entered into a Change of Control Severance Agreement (the “Agreement”) and
will no longer be a participant under the Company’s Change of Control Severance
Plan. The Agreement provides that if Mr. Longon’s employment
terminates within two years following a change of control, as defined in the
Agreement, under certain circumstances he will be eligible for three times the
sum of (i) his annual rate of base salary for the year of termination and
(ii) his average annual bonus from the Company for the three calendar years
preceding the calendar year in which such termination of employment
occurs. Previously, he had been eligible for two times the sum of (i)
and (ii).
Item
9.01. Financial
Statements and Exhibits.
Exhibits. The
following exhibits are filed herewith:
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Exhibit
No.
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Description
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99.1
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Press
release, dated July 15, 2008.
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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 hereunto
duly authorized.
Dated:
July 21, 2008
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ENERGY
PARTNERS, LTD.
By:
/s/ John H.
Peper
John
H. Peper
Executive
Vice President, General
Counsel
and Corporate Secretary
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