Energy Partners Ltd. 8K - 03/16/06
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): March 16,
2006
————————————
ENERGY
PARTNERS, LTD.
(Exact
name of registrant as specified in its charter)
————————————
|
Delaware
|
001-16179
|
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)
(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
1.01. Entry into a Material Definitive Agreement.
On
March
16, 2006, the Compensation Committee (the “Committee”)
of the
Board of Directors of Energy Partners, Ltd. (the “Company”)
approved revised quantitative targets to be used to assist in determining the
award of annual bonuses to the Company’s executive officers for Fiscal 2006. The
quantitative factors consist of predetermined targets of production growth,
drill bit reserve replacement, drill bit finding and development cost, lease
operating expense per barrel of oil equivalent and stock price performance
relative to companies of relatively similar size and geographic scope as
quantitative factors.
Attached
as Exhibit 99.1 to this current report on Form 8-K are the 2005-2007 Performance
Share Measures.
Item
9.01. Financial
Statements and Exhibits.
Exhibits.
The following exhibits are filed herewith:
|
Exhibit
No.
|
Description
|
|
99.1
|
2005-2007
Performance Share Measures
|
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: March
21,
2006
ENERGY PARTNERS, LTD.
By: /s/
John H. Peper
John H. Peper
Executive Vice President, General
Counsel
and Corporate Secretary
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