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): April 15, 2002
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PANACO, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 000-26662 43-1593374
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(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
1100 Louisiana, Suite 5100, Houston, Texas 77002
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(Address of principal executive offices)(zip code)
Registrant's telephone number, including area code: (713) 970-3100
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Item 5. Other Events
The Board of Directors of PANACO, Inc. (the "Company") increased the size of its
Board from seven members to eight. The Board appointed Mr. Robert K. McMillan as
a Class I Director effective April 15, 2002.
Since October 2000, Mr. McMillan has been the Chief Financial Officer of Icahn
Associates Corp., a diversified investment firm. From 1991 to 2000 Mr. McMillan
was with MasterCard International Incorporated. At MasterCard he held the
position of Senior Vice President, managing internal consulting and business
improvement activities, from 1998 to 2000, and Senior Vice President and General
Auditor from 1991 to 1998, evaluating internal controls to manage global
business and control risks. From 1977 through 1991 Mr. McMillan was with KPMG
LLP, most recently as a Partner, providing finance, accounting, audit and
consulting services. Prior to 1977, Mr. McMillan held various professional
positions in the banking and securities arena. Mr. McMillan holds a B.A. from
Washington State University and earned his MBA from the University of Southern
California Graduate School of Business Administration in 1978.
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.
Date: April 24, 2002
PANACO, Inc.
(Registrant)
By: /s/ Robert G. Wonish
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Mr. Robert G. Wonish
President and Chief Operating Officer