UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 11, 2006 (October 5, 2006)
Magellan Petroleum Corporation
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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| 1-5507 | | 06-0842255 |
| | | |
| (Commission File Number) | | (IRS Employer Identification No.) |
| | | |
| 10 Columbus Boulevard, Hartford, CT | | 06106 |
| | | |
| (Address of Principal Executive Offices) | | (Zip Code) |
860-293-2006
(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 (seeGeneral Instruction A.2. below):
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))
Item 1.01Entry into a Material Definitive Agreement
On October 5, 2006, Magellan Petroleum Corporation, a Delaware corporation (the “Company”), entered into an indemnification agreement with Robert Mollah, who was previously elected to fill a newly-created vacancy on the Company’s Board of Directors on September 5, 2006. The indemnification agreement with Mr. Mollah is identical to the indemnification agreements previously entered into by the Company with each of its directors and with Daniel J. Samela, the Company’s President, and with Edward B. Whittemore, the Company’s Secretary. Under the agreements, the Company has agreed to hold harmless and indemnify each of its directors and officers to the fullest extent permitted by the Delaware General Corporation Law and to provide expense advancement and directors and officers insurance for its directors and officers.
A copy of the form of indemnification agreement for the Company’s directors and officers is filed herewith asExhibit 10.1 and is hereby incorporated herein by reference.
Item 9.01Financial Statements and Exhibits
(c) Exhibits
| | | |
| 10.1 | | Form of Indemnification Agreement for Directors and Officers. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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| | | MAGELLAN PETROLEUM CORPORATION | | |
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| | | By: | | /s/ Daniel J. Samela Name: Daniel J. Samela | | |
| | | | | Title: President, Chief Executive Officer | | |
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| Dated: October 11, 2006 | | | | | | |
EXHIBIT INDEX
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| Exhibit No. | | Description |
| | | |
| 10.1 | | Form of Indemnification Agreement for Directors and Officers |
