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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 19, 2006 (May 15, 2006)

 

SEITEL, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

(State of Incorporation)

0-14488

(Commission File Number)

76-0025431

(IRS Employer Identification No.)

 

10811 S. Westview Circle Drive
Building C, Suite 100
Houston, Texas 77043

(Address of Registrant's principal executive offices)

(713) 881-8900

(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 obligations 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))

 

Section 1.       Registrant's Business and Operations

Item 1.01.       Entry into a Material Definitive Agreement.

           On May 15, 2006, the Company awarded William Restrepo, the Company's Chief Financial Officer, Executive Vice President and Secretary, 220,000 restricted shares of its common stock, par value $.01 per share.  These awards were made under the Company's 2004 Stock Option Plan.  The restricted shares will vest in three equal installments beginning May 15, 2007, May 15, 2008 and May 15, 2009.

 [Signature page follows]

 

 

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.

 

 

Dated:  May 19, 2006                                                                          SEITEL, INC.

 

 

 

                                                                                                          By:  /s/ Marcia H. Kendrick                         

                                                                                                          Marcia H. Kendrick

                                                                                                          Chief Accounting Officer