DE | 75-2756163 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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))
Information to be included in the report
On March 31, 2006, the Compensation Committee of the Board of Quicksilver established target and maximum bonus levels to be paid under the 2006 Executive Bonus Program for Quicksilver's named executive officers as a percentage of each participant's base salary, a s follows:
Executive Target Percent Maximum Percent
A participant's bonus will be assessed against four performance measures: (i) earnings per share, (ii) cash flow from operations, (iii) production growth rate and (iv) reserve growth. The Compensation Committee established the relative weight to be accorded to each performance measure and various target levels within each performance measure, as set forth in the 2006 Executive Bonus Program. Bonus amounts under the 2006 Executive Bonus Program are based on actual performance relative to the performance targets and weightings so established. The Compensation Committee has discretio n to adjust a participant's potential award based on qualitative performance measures; provided, that with respect to any of Quicksilver's named executive officers under the 2006 Executive Bonus Program, the discretion may be used only to reduce or eliminate a potential award.
Exhibit Number Description
QUICKSILVER RESOURCES INC. | ||||||||
Date: April 05, 2006 | By: | /s/ Philip W. Cook | ||||||
Philip W. Cook | ||||||||
Senior Vice President - Chief Financial Officer | ||||||||
Exhibit No. | Description | |
EX-10.1 | Quicksilver Resources Inc. 2006 Executive Bonus Program. |