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)
JULY 28, 2006
WARRIOR ENERGY SERVICES CORPORATION
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 0-18754 11-2904094
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
100 ROSECREST LANE, COLUMBUS, MISSISSIPPI 39701
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (662) 329-1047
- --------------------------------------------------------------------------------
(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 (see General Instruction A.2.below):
|_| Written communications pursuant to Rule 425 under the Securities Act
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
1
SECTION 1. REGISTRANT'S BUSINESS AND OPERATIONS.
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On July 28, 2006, the Compensation Committee of our Board of Directors
approved the grant under our 2000 Stock Incentive Plan to Mr. Robert McNally,
our Executive Vice President of Operations and Finance, of 96,682 shares of
restricted stock and an option to purchase 10,000 shares of our Common Stock.
The option exercise price is $21.10 per share, the closing sale price of our
Common Stock on July 28, 2006. The restricted stock grant and the stock option
vest in equal annual amounts over four years commencing January 1, 2007. The
option will expire ten years from the date of grant.
Concurrently with the grant of the shares of restricted Common Stock
and the stock option, a ten-year non-statutory option to purchase 150,000 shares
of our Common Stock at $7.50 per share granted to Mr. McNally under the terms of
his employment agreement entered into on January 18, 2006 was cancelled.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
10.1 Form of Restricted Stock Unit Award
Agreement (to be filed by
amendment)
2
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
WARRIOR ENERGY SERVICES CORPORATION
Dated: August 3, 2006 By: /s/ William L. Jenkins
----------------------
William L. Jenkins, President
3