PDC Energy,Inc. (NASDAQ:PDCE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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PDC Energy,Inc. (NASDAQ:PDCE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 of Form 8-K, this Form 8-K/A is being filed solely to provide information called for in Item 5.02(c)(3) of Form 8-K that had not been determined at the time of filing of the Original Form 8-K.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 22, 2017, the Company’s Compensation Committee authorized the Company to grant Mr. Meyers 902 restricted stock units (the “Restricted Stock Units”) of the Company’s common stock, which grant is expected to be made coincident with the Company’s non-Senior Management Team employees’ annual grant, expected to occur in late March or early April 2017. The Restricted Stock Units would vest in one-third increments on the first, second and third anniversaries of the grant date. In addition, the Company’s Compensation Committee authorized the Company to grant Mr. Meyers a cash bonus equal to $267,000 (the “Cash Bonus”). An indeterminate amount of such Restricted Stock Units and Cash Bonus was granted as compensation for Mr. Meyer’s previously announced service as the Company’s principal financial officer during part of 2016.


About PDC Energy, Inc. (NASDAQ:PDCE)

PDC Energy, Inc. is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Company’s Oil and Gas Exploration and Production segment includes all of its crude oil and natural gas properties. The Company’s Gas Marketing segment purchases, aggregates and resells natural gas produced by it and others. The Company’s operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and its Ohio operations are focused in the Utica Shale play. The Company owns an interest in approximately 3,000 gross producing wells, of which approximately 650 are horizontal. The Company has approximately 270 million barrels of oil equivalent (MMBoe) of proved reserves.

PDC Energy, Inc. (NASDAQ:PDCE) Recent Trading Information

PDC Energy, Inc. (NASDAQ:PDCE) closed its last trading session down -4.10 at 67.59 with 1,730,362 shares trading hands.