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): February 23, 2018 (February 16, 2018)
LAREDO PETROLEUM, INC.
(Exact name of registrant as specified in charter)
| Delaware | 001-35380 | 45-3007926 | ||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
| 15 W. Sixth Street, Suite 900, Tulsa, Oklahoma | 74119 | |
| (Address of principal executive offices) | (Zip code) | |
Registrant’s telephone number, including area code: (918) 513-4570
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:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||
Emerging Growth Company o | |||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o | |||
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Form of Award Agreements
The Compensation Committee of the Board of Directors of Laredo Petroleum, Inc. (the "Company") approved a new form of performance share unit award agreement, effective as of February 16, 2018 (the "Performance Share Agreement"), for use in connection with grants of awards under the Laredo Petroleum, Inc. 2011 Omnibus Equity Incentive Plan (the "2011 Plan").
Subject to the restrictions, terms and conditions set forth in the Performance Share Agreement and in the 2011 Plan, the Company will grant participants performance share units (the "Performance Share Units"). The Performance Share Units will be payable, if at all, solely in common stock of the Company, based upon the achievement by the Company of the performance goals described on Exhibit A of the Performance Share Agreement, over a three-year period commencing January 1, 2018 and ending on December 31, 2020.
The foregoing description of the Performance Share Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Performance Share Agreement that is attached hereto as Exhibit 10.1# and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number | Description | |
____________________________________________________________________________
# Management contract or compensatory plan or arrangement
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.
| LAREDO PETROLEUM, INC. | ||
| Dated: February 23, 2018 | By: | /s/ Richard C. Buterbaugh |
| Richard C. Buterbaugh | ||
Executive Vice President & Chief Financial Officer | ||