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): October 26,
2006
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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)
(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)
[X]
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
8.01 Other
Events
On
October 26, 2006, Energy Partners, Ltd. issued press releases entitled “EPL
Announces Two Exploratory Successes and Schedules Call to Discuss Third Quarter
2006 Results” and “EPL Provides Update on Strategic Alternatives Process:
Comments on ATS’ Decision to Effectively Decrease Its Tender Offer.” Copies of
the press releases are attached hereto as Exhibits 99.1 and 99.2, respectively,
and are incorporated herein by reference.
In
connection with the annual renewal of its policy, the Company's Board of
Directors has approved an increase of the amount of its director and officer
liability insurance coverage to $50,000,000 from $25,000,000, which includes,
because Woodside's obtaining the consents it seeks would cause the D&O
policy to automatically terminate, the purchase of a six year runoff
provision of the type that is typically acquired in conjunction with a
consensual sale or merger that would become effective upon the occurrence
of a
change of control. The total premium for the policy is approximately $2.2
million, subject to reimbursement of a portion of the premium in certain
circumstances (including if there is no change of control).
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 October 26, 2006.
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99.2
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Press
release dated October 26, 2006.
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