UNITED STATES |
FORM 8-K |
Pursuant to Section 13 or 15(d) of |
Date of Report |
Commission | IRS Employer | |||
File | State of | Identification | ||
Number | Registrant | Incorporation | Number | |
1-7810 | Energen Corporation | Alabama | 63-0757759 | |
2-38960 | Alabama Gas Corporation | Alabama | 63-0022000 |
605 Richard Arrington Jr. Boulevard North Birmingham, Alabama | 35203 | |
(Address of principal executive offices) | (Zip Code) |
(205) 326-2700 (Registrant's telephone number including area code) |
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 |
(i) | Amendment of Severance Compensation Agreement |
On January 25, 2006, Energen Corporation and William Michael Warren, Jr., Energen's Chairman, President and Chief Executive Officer, amended and restated the October 27, 1999 Severance Compensation Agreement between Energen and Mr. Warren. Prior to amendment, the Agreement provided for a change in control severance payment to Mr. Warren equal to 300% of compensation.
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(ii) | James T. McManus, II |
On January 25, 2006, the Board of Directors of Energen Corporation (the "Company") promoted James T. McManus, II to the position of President and Chief Operating Officer of the Company. Mr. McManus will also continue as President of the Company's subsidiary Energen Resources Corporation.
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ITEM 5.02 | Departures of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers |
On January 25, 2006, the Board of Directors of Energen Corporation promoted James T. McManus, II to the position of President and Chief Operating Officer of the Company. Mr. McManus will also continue as President of the Company's subsidiary Energen Resources Corporation.
The press release announcing Mr. McManus' promotion is attached as Exhibit 99.2 to this report. | |
ITEM 8.01 | Other Events |
Amendment of 1997 Stock Incentive Plan
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ITEM 9.01 | Financial Statements and Exhibits |
(c) Exhibits | |
Exhibit No. | Description |
99.1 | Severance Compensation Agreement dated January 25, 2006 |
99.2 | Press Release dated January 25, 2006 |
99.3 | 1997 Stock Incentive Plan, as amended effective on January 1, 2006 |
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 thereunto duly authorized. |
ENERGEN CORPORATION | ||
January 27, 2006 | By /s/ G. C. Ketcham | |
G. C. Ketcham |