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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ | |
Filed by a Party other than the Registrant o | |
Check the appropriate box: |
o Preliminary Proxy Statement | |
o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
þ Definitive Proxy Statement | |
o Definitive Additional Materials | |
o Soliciting Material Pursuant to §240.14a-12 |
Swift Energy Company
Payment of Filing Fee (Check the appropriate box):
þ No fee required. | |
o Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. |
1) Title of each class of securities to which transaction applies: |
2) Aggregate number of securities to which transaction applies: |
3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
4) Proposed maximum aggregate value of transaction: |
5) Total fee paid: |
o Fee paid previously with preliminary materials. |
o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
1) Amount Previously Paid: |
2) Form, Schedule or Registration Statement No.: |
3) Filing Party: |
4) Date Filed: |
SEC 1913 (02-02) | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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to be held May 9, 2006
1. | To elect three Class I directors and one Class II director to serve for the terms specified in the attached proxy statement, or until their successors are duly qualified and elected; | ||
2. | To amend the Swift Energy Company 2005 Stock Compensation Plan to increase the number of shares of the Company’s common stock available for awards under the plan by up to 850,000 additional shares; | ||
3. | To ratify the selection of Ernst & Young LLP as Swift Energy’s independent auditors for the fiscal year ending December 31, 2006; and | ||
4. | Such other business as may properly be presented at the annual meeting, or at any and all adjournments or postponements thereof. |
Karen Bryant | ||
March 23, 2006 | Secretary |
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16825 Northchase Drive, Suite 400
Houston, Texas 77060
(281) 874-2700
for the
2006 ANNUAL MEETING OF SHAREHOLDERS
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(Term to expire at the 2009 annual meeting)
Terry E. Swift
Charles J. Swindells
(Term to expire at the 2007 annual meeting)
Class II | Class III | |
(Term to expire at the 2007 annual meeting) | (Term to expire at the 2008 annual meeting) | |
A. Earl Swift | Deanna L. Cannon | |
Greg Matiuk | Douglas J. Lanier | |
Henry C. Montgomery | Bruce H. Vincent |
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Shares of Common Stock | ||||||||||
Beneficially Owned at | ||||||||||
Name of Person or Group | Position | March 15, 2006(1) | ||||||||
Percent of | ||||||||||
Class | ||||||||||
Number | Outstanding | |||||||||
A. Earl Swift | Chairman of the Board | 297,464 | 1.0 | % | ||||||
Deanna L. Cannon | Director | 6,210 | (2) | |||||||
Raymond E. Galvin | Director | 32,610 | (2) | |||||||
Douglas J. Lanier | Director | 3,210 | (2) | |||||||
Greg Matiuk | Director | 7,210 | (2) | |||||||
Henry C. Montgomery | Director | 16,125 | (2) | |||||||
Clyde W. Smith, Jr. | Director | 48,710 | (3) | (2) | ||||||
Charles J. Swindells | Director | 530 | (2) | |||||||
Terry E. Swift | Chief Executive Officer and Director | 211,825 | (2) | |||||||
Bruce H. Vincent | President and Director | 134,446 | (2) | |||||||
Joseph A. D’Amico | Executive Vice President and Chief Operating Officer | 96,610 | (2) | |||||||
Alton D. Heckaman, Jr. | Executive Vice President and Chief Financial Officer | 111,075 | (2) | |||||||
Victor R. Moran | Senior Vice President and Chief Compliance Officer | 62,083 | (2) | |||||||
All executive officers and directors as a | ||||||||||
group (16 persons) | 1,219,277 | 4.1 | % | |||||||
EARNEST Partners, LLC | 3,558,952 | (4) | 12.7 | % | ||||||
75 Fourteenth Street, Suite 2300 | ||||||||||
Atlanta, Georgia 30309 | �� | |||||||||
Goldman Sachs Asset Management, LP | 2,538,411 | (5) | 8.8 | % | ||||||
32 Old Slip | ||||||||||
New York, NY 10005 |
(1) | Unless otherwise indicated below, the persons named have sole voting and investment power, or joint voting and investment power with their respective spouses, over the number of shares of the common stock of the Company shown as being beneficially owned by them, less the shares set forth in this footnote. The table includes the following shares that were acquirable within 60 days following March 15, 2006, by exercise of options granted under the Company’s stock option plans: Mr. A. E. Swift—223,649; Ms. Cannon—2,000; Mr. Galvin—7,000; Mr. Lanier—0; Mr. Matiuk—4,000; Mr. Montgomery—10,000; Mr. Smith—34,500; Mr. T. Swift—105,007; Ambassador Swindells—0; Mr. Vincent—56,048; Mr. D’Amico—67,450; Mr. Heckaman—77,201; Mr. Moran—43,080; and all executive officers and directors as a group—746,503. | |
(2) | Less than one percent. | |
(3) | Mr. Smith disclaims beneficial ownership as to 1,000 shares held in a Roth IRA for the benefit of Mr. Smith’s son. |
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(4) | Based on a Schedule 13G dated February 9, 2006, filed with the SEC to reflect shares held at December 31, 2005, EARNEST Partners, LLC, is an investment advisor in accordance with SEC Rule 13d-1(b)(1)(ii)(E), and holds sole voting power as to 2,025,895 shares, shared voting power as to 1,003,857 shares, and sole dispositive power as to all 3,558,952 shares. No single client’s interest of EARNEST Partners, LLC relates to more than five percent of the class. | |
(5) | Based on a Schedule 13G dated February 9, 2006, filed with the SEC to reflect shares held at December 31, 2005, Goldman Sachs Asset Management, LP is an investment advisor in accordance with SEC Rule 13d-1(b)(1)(ii)(E) and holds sole voting power as to 1,960,380 shares, shared voting power as to 0 shares, and sole dispositive power as to all 2,538,411 shares. |
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Long Term | All Other | |||||||||||||||||||||||||||||||||||
Annual Compensation | Compensation | Compensation | ||||||||||||||||||||||||||||||||||
Common | ||||||||||||||||||||||||||||||||||||
Common | Stock | |||||||||||||||||||||||||||||||||||
Stock | Underlying | |||||||||||||||||||||||||||||||||||
Bonus(1) | Underlying | Reload | Life | |||||||||||||||||||||||||||||||||
Name and | Salary | Cash | Stock | Options | Options | Restricted Stock | Insurance | 401(k) | ||||||||||||||||||||||||||||
Principal Position(2) | Year | ($) | ($) | ($) | (#) | (#) | ($) | ($)(3) | ($)(4) | |||||||||||||||||||||||||||
Terry E. Swift | 2005 | $ | 524,700 | $ | 652,727 | $ | 0 | 25,400 | (5) | 62,892 | $ | 774,200 | (6) | $ | 22,944 | $ | 10,500 | |||||||||||||||||||
Chief Executive Officer | 2004 | 495,000 | 355,100 | 0 | 26,000 | 9,528 | 453,240 | (7) | 26,877 | 10,250 | ||||||||||||||||||||||||||
2003 | 450,000 | 180,000 | 0 | 40,000 | 0 | 0 | 26,207 | 10,000 | ||||||||||||||||||||||||||||
Bruce H. Vincent | 2005 | $ | 411,147 | $ | 358,024 | $ | 0 | 16,700 | (5) | 46,251 | $ | 508,760 | (6) | $ | 25,517 | $ | 10,500 | |||||||||||||||||||
President | 2004 | 348,955 | 196,700 | 0 | 10,800 | 26,834 | 188,850 | (7) | $ | 27,294 | 10,250 | |||||||||||||||||||||||||
2003 | 316,268 | 92,248 | 0 | 30,000 | 6,171 | 0 | 24,918 | 10,000 | ||||||||||||||||||||||||||||
Alton D. Heckaman, Jr. | 2005 | $ | 343,489 | $ | 256,538 | $ | 0 | 11,100 | (5) | 23,966 | $ | 340,648 | (6) | $ | 13,108 | $ | 10,500 | |||||||||||||||||||
Executive Vice President | 2004 | 275,220 | 133,300 | 0 | 8,500 | 6,755 | 148,562 | (7) | 14,463 | 10,250 | ||||||||||||||||||||||||||
and Chief Financial Officer | 2003 | 244,776 | 71,378 | 0 | 25,000 | 2,370 | 0 | 13,050 | 10,000 | |||||||||||||||||||||||||||
Joseph A. D’Amico | 2005 | $ | 343,489 | $ | 193,885 | $ | 0 | 11,100 | (5) | 0 | $ | 340,648 | (6) | $ | 18,202 | $ | 10,500 | |||||||||||||||||||
Executive Vice President | 2004 | 333,485 | 126,900 | 0 | 9,700 | 0 | 168,706 | (7) | 20,596 | 10,250 | ||||||||||||||||||||||||||
and Chief Operating Officer | 2003 | 314,608 | 55,051 | 0 | 20,000 | 0 | 0 | 19,260 | 10,000 | |||||||||||||||||||||||||||
Victor R. Moran | 2005 | $ | 283,580 | $ | 168,359 | $ | 0 | 8,000 | (5) | 0 | $ | 247,744 | (6) | $ | 7,086 | $ | 10,500 | |||||||||||||||||||
Senior Vice President and | 2004 | 223,597 | 87,000 | 0 | 5,400 | 0 | 93,166 | (7) | 7,875 | 10,250 | ||||||||||||||||||||||||||
Chief Compliance Officer | 2003 | 207,870 | 50,225 | 0 | 20,000 | 4,235 | 0 | 7,347 | 10,000 |
(1) | Bonus amounts reported for 2005, 2004, and 2003 include bonuses earned during those years but paid in the following year. | |
(2) | In accordance with the terms of A. Earl Swift’s employment agreement upon his retirement from his position as Chief Executive Officer in 2001, he began working half-time for the Company. His salary in 2005 was $344,213 and he also received the last of his five non-competition payments in the amount of $406,842. Additionally, he received a cash bonus of $200,000 in 2005. The Company also paid $69,761 in insurance premiums for his benefit and contributed $10,500 to his 401(k) in 2005. | |
(3) | Represents insurance premiums paid by the Company during the covered fiscal year with respect to life insurance for the benefit of the named executive officer. | |
(4) | Contributions by the Company to the Swift Energy Company Employee Savings Plan (100% in Company common stock) for 2005, 2004, and 2003 for the account of the named executive officer. | |
(5) | Stock option amounts reported include grants awarded in 2006 with respect to 2005. | |
(6) | This amount was determined by multiplying the number of shares of restricted stock granted by the closing market price on the date of grant ($44.24). Effective as of February 7, 2006, restricted stock shares were awarded with respect to the 2005 fiscal year to each of the named executive officers as follows: Mr. T. Swift—17,500 shares; Mr. Vincent—11,500 shares; Mr. Heckaman—7,700 shares; Mr. D’Amico—7,700 shares; and Mr. Moran—5,600 shares. Restrictions on these shares will lapse as to one-third of such shares on February 7, 2007, and will lapse as to one-third on each anniversary date thereafter. Although no dividends are expected to be paid, the named executive officers have the right to receive any dividends in respect of the restricted shares held. |
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At year-end 2005, the aggregate number of restricted stock shares and value, based on the closing price of the Company’s common stock as of December 30, 2005, was: Mr. T. Swift—35,500 shares and $1,599,985; Mr. Vincent—19,000 shares and $856,330; Mr. Heckaman—13,600 shares and $612,952; Mr. D’Amico—14,400 shares and $649,008; and Mr. Moran—9,300 shares and $419,151. | ||
(7) | This amount was determined by multiplying the number of shares of restricted stock granted by the closing market price on the date of grant ($25.18). Effective as of November 8, 2004, restricted stock shares were awarded to each of the named executive officers as follows: Mr. T. Swift—18,000 shares; Mr. Vincent—7,500 shares; Mr. Heckaman—5,900 shares; Mr. D’Amico—6,700 shares; and Mr. Moran—3,700 shares. Restrictions on these shares lapsed as to 20% of such shares on February 8, 2006, and will lapse as to 20% on each anniversary date thereafter. Although no dividends are expected to be paid, the named executive officers have the right to receive any dividends in respect of the restricted shares held. |
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Individual Grants | Grant Date Value | |||||||||||||||||||
Number of | % of Total Options | Grant Date | ||||||||||||||||||
Options | Granted to Employees | Exercise or Base | Expiration | Present Value | ||||||||||||||||
Name(1) | Granted | in Fiscal Year | Price ($/Sh) | Date | ($)(2) | |||||||||||||||
Terry E. Swift | 5,125 | 2.91 | % | $ | 28.97 | 04/04/2007 | $ | 39,331 | ||||||||||||
9,319 | 5.28 | % | $ | 28.97 | 11/03/2007 | $ | 82,047 | |||||||||||||
3,075 | 1.75 | % | $ | 28.97 | 02/18/2008 | $ | 28,682 | |||||||||||||
5,609 | 3.19 | % | $ | 28.97 | 12/07/2008 | $ | 59,609 | |||||||||||||
9,869 | 5.60 | % | $ | 28.97 | 02/07/2010 | $ | 121,284 | |||||||||||||
7,024 | 3.98 | % | $ | 28.97 | 02/04/2012 | $ | 96,247 | |||||||||||||
3,821 | 2.17 | % | $ | 28.97 | 11/04/2013 | $ | 52,358 | |||||||||||||
4,229 | 2.40 | % | $ | 43.48 | 11/15/2007 | $ | 47,179 | |||||||||||||
934 | 0.53 | % | $ | 43.48 | 12/07/2008 | $ | 12,661 | |||||||||||||
8,330 | 4.73 | % | $ | 43.48 | 02/20/2011 | $ | 155,181 | |||||||||||||
2,546 | 1.44 | % | $ | 43.48 | 11/04/2013 | $ | 47,942 | |||||||||||||
3,011 | 1.71 | % | $ | 43.48 | 11/08/2014 | $ | 56,699 | |||||||||||||
Bruce H. Vincent | 12,970 | 7.36 | % | $ | 31.40 | 05/17/2007 | $ | 108,419 | ||||||||||||
1,014 | 0.58 | % | $ | 31.40 | 11/03/2007 | $ | 9,467 | |||||||||||||
3,969 | 2.25 | % | $ | 33.01 | 11/03/2007 | $ | 38,787 | |||||||||||||
1,799 | 1.02 | % | $ | 33.01 | 02/18/2008 | $ | 18,658 | |||||||||||||
468 | 0.27 | % | $ | 33.01 | 12/07/2008 | $ | 5,549 | |||||||||||||
1,421 | 0.81 | % | $ | 36.22 | 02/07/2010 | $ | 21,136 | |||||||||||||
1,323 | 0.75 | % | $ | 46.66 | 12/07/2008 | $ | 19,192 | |||||||||||||
1,103 | 0.63 | % | $ | 46.66 | 02/07/2010 | $ | 19,056 | |||||||||||||
2,134 | 1.21 | % | $ | 46.66 | 11/11/2012 | $ | 43,123 | |||||||||||||
1,557 | 0.88 | % | $ | 47.67 | 12/01/2007 | $ | 18,866 | |||||||||||||
2,987 | 1.69 | % | $ | 47.67 | 02/04/2012 | $ | 61,152 | |||||||||||||
3,483 | 1.98 | % | $ | 47.67 | 11/04/2013 | $ | 71,306 | |||||||||||||
2,746 | 1.56 | % | $ | 47.92 | 08/01/2010 | $ | 53,111 | |||||||||||||
1,723 | 0.98 | % | $ | 48.40 | 12/06/2007 | $ | 21,198 | |||||||||||||
7,554 | 4.29 | % | $ | 48.40 | 05/08/2011 | $ | 157,737 | |||||||||||||
Alton D. Heckaman, Jr. | 2,373 | 1.35 | % | $ | 28.44 | 11/03/2007 | $ | 20,635 | ||||||||||||
2,728 | 1.55 | % | $ | 30.22 | 01/28/2007 | $ | 21,659 | |||||||||||||
1,321 | 0.75 | % | $ | 31.40 | 11/11/2012 | $ | 19,520 | |||||||||||||
23 | 0.01 | % | $ | 31.79 | 11/03/2007 | $ | 217 | |||||||||||||
792 | 0.45 | % | $ | 31.79 | 02/18/2008 | $ | 7,946 | |||||||||||||
3,322 | 1.88 | % | $ | 33.01 | 08/01/2010 | $ | 47,896 | |||||||||||||
2,489 | 1.41 | % | $ | 34.41 | 02/07/2010 | $ | 35,635 | |||||||||||||
1,210 | 0.69 | % | $ | 35.05 | 02/07/2010 | $ | 17,404 | |||||||||||||
1,545 | 0.88 | % | $ | 36.22 | 11/04/2013 | $ | 26,085 | |||||||||||||
238 | 0.14 | % | $ | 38.41 | 02/07/2010 | $ | 3,678 | |||||||||||||
216 | 0.12 | % | $ | 38.41 | 11/11/2012 | $ | 3,817 | |||||||||||||
1,218 | 0.69 | % | $ | 47.35 | 11/22/2007 | $ | 14,797 | |||||||||||||
1,263 | 0.72 | % | $ | 47.35 | 12/07/2008 | $ | 18,584 | |||||||||||||
1,010 | 0.57 | % | $ | 47.92 | 11/04/2013 | $ | 20,961 | |||||||||||||
4,218 | 2.39 | % | $ | 50.01 | 08/01/2010 | $ | 84,075 |
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Individual Grants | Grant Date Value | |||||||||||||||||||
Number of | % of Total Options | Grant Date | ||||||||||||||||||
Options | Granted to Employees | Exercise or Base | Expiration | Present Value | ||||||||||||||||
Name(1) | Granted | in Fiscal Year | Price ($/Sh) | Date | ($)(2) | |||||||||||||||
Joseph A. D’Amico | 0 | — | — | — | — | |||||||||||||||
Victor R. Moran | 0 | — | — | — | — |
(1) | A. Earl Swift, Chairman of the Board, had 3,943 reload options granted during 2005 pursuant to the terms of the plans. | |
(2) | Estimated present values are based on the Black-Scholes Merton Model, a mathematical formula used to value exchange-traded options. The stock options granted by the Company are long term, non-transferable and subject to vesting restrictions, while exchange-traded options are short term and can be exercised or sold immediately in a liquid market. The Black-Scholes Merton Model considers a number of factors, including the expected volatility of the stock, interest rates, and the estimated time period until exercise of the option. In calculating the grant date present values set forth in the table, the following ranges of assumptions were used: average daily volatility for common stock of 41.4% risk-free rate of return of 3.14% to 4.42% and actual number of years from grant date up to six years. In each case, the risk-free rate was based on an applicable government bond as of the grant date and no dividend yield. No adjustments were made for non-transferability or risk of forfeiture. The ultimate value of the option will depend on the future market price of the Company’s common stock, which cannot be forecast with reasonable accuracy. |
Number of Shares of | ||||||||||||||||||||||||
Common Stock Underlying | Value of Unexercised | |||||||||||||||||||||||
Unexercised Options | In-The-Money Options | |||||||||||||||||||||||
at Year-End 2005 | at Year-End 2005(1) | |||||||||||||||||||||||
Shares | ||||||||||||||||||||||||
Acquired | ||||||||||||||||||||||||
On | Value(2) | |||||||||||||||||||||||
Name | Exercise | Realized | Exercisable | Unexercisable | Exercisable | Unexercisable | ||||||||||||||||||
Terry E. Swift | 155,888 | $ | 2,917,914 | 51,165 | 121,692 | $ | 768,341 | $ | 2,157,817 | |||||||||||||||
Bruce H. Vincent | 119,830 | $ | 3,048,381 | 36,066 | 89,691 | $ | 571,208 | $ | 1,473,400 | |||||||||||||||
Alton D. Heckaman, Jr. | 61,757 | $ | 1,417,048 | 67,692 | 56,238 | $ | 1,279,251 | $ | 1,122,925 | |||||||||||||||
Joseph A. D’Amico | 74,240 | $ | 2,198,988 | 60,850 | 33,560 | $ | 1,079,890 | $ | 862,498 | |||||||||||||||
Victor R. Moran | 54,135 | $ | 1,232,417 | 39,080 | 26,320 | $ | 950,421 | $ | 722,384 |
(1) | Options are “in-the-money” if the market price of a share of common stock exceeds the exercise price of the option. The value of unexercised in-the-money options equals the closing price of the Company’s common stock at December 30, 2005 ($45.07) less the exercise price. | |
(2) | “Value Realized” represents the difference between the exercise price of the options and the NYSE closing price on the exercise date for the Company’s common stock. |
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(a) | (b) | (c) | ||||||||||
Number of Securities | ||||||||||||
Remaining Available for | ||||||||||||
Number of Securities | Weighted-Average | Future Issuance Under | ||||||||||
to be Issued Upon | Exercise Price of | Equity Compensation | ||||||||||
Exercise of | Outstanding | Plans (excluding | ||||||||||
Outstanding Options, | Options, Warrants | securities reflected in | ||||||||||
Plan Category | Warrants and Rights | and Rights | column (a)) | |||||||||
Equity compensation plans approved by security holders | 2,118,179 | $ | 21.28 | 833,446 | ||||||||
Equity compensation plans not approved by security holders | 0 | $ | 0 | 0 | ||||||||
Total | 2,118,179 | $ | 21.28 | 833,446 | (1) | |||||||
(1) | Includes 213,140 shares remaining available for issuance under employee stock purchase plans and 620,306 shares under the 2005 Plan. |
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Raymond E. Galvin
Greg Matiuk
Henry C. Montgomery
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COMPENSATION PLAN TO INCREASE THE NUMBER OF SHARES OF THE COMPANY’S
COMMON STOCK AVAILABLE FOR AWARDS UNDER THE PLAN
BY UP TO 850,000 ADDITIONAL SHARES
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AUDIT COMMITTEE | ||
Henry C. Montgomery, Chairman | ||
Deanna L. Cannon | ||
Clyde W. Smith, Jr. |
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2005 | 2004 | |||||||
Audit Fees | $ | 1,457,500 | $ | 2,296,000 | ||||
Audit-Related Fees | 42,500 | 26,300 | ||||||
Tax Fees | 200,900 | 257,900 | ||||||
All Other Fees | 0 | 0 | ||||||
TOTALS | $ | 1,700,900 | $ | 2,580,200 | ||||
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AMONG SWIFT ENERGY COMPANY, THE S & P 500 INDEX,
AND THE DOW JONES US EXPLORATION & PRODUCTION INDEX
Cumulative Total Return | ||||||||||||||||||||||||
12/00 | 12/01 | 12/02 | 12/03 | 12/04 | 12/05 | |||||||||||||||||||
Swift Energy Company | 100.00 | 53.69 | 25.70 | 44.78 | 76.92 | 119.79 | ||||||||||||||||||
S & P 500 | 100.00 | 88.12 | 68.64 | 88.33 | 97.94 | 102.75 | ||||||||||||||||||
Dow Jones US Exploration & Production | 100.00 | 91.81 | 93.80 | 122.93 | 174.41 | 288.33 |
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Swift Energy Company
c/o CCI
P. O. Box 561915
Charlotte, NC 28256
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• | fluctuations of the prices received or demand for crude oil and natural gas over time; | ||
• | interruptions of operations and damages due to hurricanes and tropical storms; | ||
• | geopolitical conditions or hostilities; | ||
• | uncertainty of reserves estimates; | ||
• | operating hazards; | ||
• | unexpected substantial variances in capital requirements; | ||
• | currency rate fluctuations with regard to the New Zealand dollar; | ||
• | environmental matters; and | ||
• | general economic conditions. |
By Order of the Board of Directors, | ||
Karen Bryant | ||
Secretary | ||
Houston, Texas | ||
March 23, 2006 |
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ANNUAL MEETING OF SHAREHOLDERS OF
SWIFT ENERGY COMPANY
May 9, 2006
PROXY VOTING INSTRUCTIONS |
MAIL — Date, sign and mail your proxy card in the
envelope provided as soon as possible.
(1-800-776-9437) from any touch-tone telephone
and follow the instructions. Have your proxy card
available when you call.
follow the on-screen instructions. Have your proxy
card available when you access the web page.
COMPANY NUMBER | |||||
ACCOUNT NUMBER | |||||
You may enter your voting instructions at 1-800-PROXIES or www.voteproxy.com up until 11:59 PM
Eastern Time the day before the cut-off or meeting date.
âPlease detach along perforated line and mail in the envelope provided IF you are not voting via telephone or the Internet.â
PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE x
Proposal 1. | Election of Directors: | |
Class I Nominees (Term to expire 2009) | ||
Class II Nominee (Term to expire 2007) | ||
Nominees: |
o | FOR ALL NOMINEES | ¡ | Clyde W. Smith, Jr. | Class I Nominee | ||||
o | WITHHOLD AUTHORITY FOR ALL NOMINEES | ¡ | Terry E. Swift | Class I Nominee | ||||
¡ | Charles J. Swindells | Class I Nominee | ||||||
o | FOR ALL EXCEPT (See instructions below) | ¡ | Raymond E. Galvin | Class II Nominee |
INSTRUCTION: | To withhold authority to vote for any individual nominee(s), mark “FOR ALL EXCEPT” and fill in the circle next to each nominee you wish to withhold, as shown here:• |
FOR | AGAINST | ABSTAIN | ||||
PROPOSAL 2:Approval to amend the Swift Energy Company 2005 Stock Compensation Plan to increase the number of shares available for awards. | o | o | o | |||
PROPOSAL 3:Ratification of selection of Ernst & Young LLP as Swift Energy Company’s Independent Auditors for the fiscal year ending December 31, 2006. | o | o | o | |||
This proxy will be voted in accordance with the specifications made hereon. If NO specification is made, the shares will be voted “FOR” Proposals 1, 2 and 3. | ||||||
The undersigned hereby acknowledges receipt of the Notice of 2006 Annual Meeting of Shareholders, the Proxy Statement and the 2005 Annual Report to Shareholders furnished herewith. | ||||||
PLEASE SIGN, DATE AND RETURN IN THE ENCLOSED POSTAGE PAID, PRE-ADDRESSED ENVELOPE. |
Signature of Shareholder | Date: | Signature of Shareholder | Date: |
Note: | Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder must sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person. |