SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Energy Company, a Delaware corporation (the Company), adopted the
Swift Energy Company Inducement Plan (the Plan) in order to
attract and retain able persons as employees, directors and
consultants of the Company and its affiliates. The Plan provides
for the grant of the following types of equity-based awards: (i)
stock options, (ii) stock appreciation rights, (iii) restricted
stock, (iv) restricted stock units, (v) stock awards, (vi)
dividend equivalents, (vii) other stock-based awards, (viii) cash
awards, (ix) substitute awards and (x) performance awards.
Subject to adjustment in accordance with the terms of the Plan,
441,000 shares of the Companys common stock, par value $0.01 per
share (Common Stock), have been reserved for delivery to awards
under the Plan. Common Stock withheld to satisfy exercise prices
or tax withholding obligations will again be available for
delivery to other awards. The Plan will be administered by the
Compensation Committee of the Board. No awards may be granted
under the Plan on and after December 15, 2026.
qualified in its entirety by reference to the full text of the
Plan, which is attached as Exhibit 10.1 to this Current Report on
Form 8-K and is incorporated in this Item 5.02 by reference.
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Item 9.01
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Financial Statements and Exhibits
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Exhibit Number
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Description
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10.1
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Swift Energy Company Inducement Plan (incorporated by
reference as Exhibit 4.4 to Swift Energy Companys Form S-8 filed December 21, 2016) |
About SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ)
Swift Energy Company (Swift Energy) is an independent oil and gas company. The Company is engaged in developing, exploring, acquiring and operating oil and gas properties. The Company’s primary focus is on the Eagle Ford trend of South Texas and the onshore and inland waters of Louisiana. The Company’s operations are primarily focused in approximately three areas identified as South Texas, Southeast Louisiana and Central Louisiana. Swift Energy holds an acreage position in Texas prospective for Eagle Ford shale and Olmos tight sands development. The Company’s assets in South Texas include AWP, Artesia Wells and Fasken. The Company’s assets in Southeast Louisiana include Lake Washington. The Company’s assets in Central Louisiana include Burr Ferry and South Bearhead Creek. The Company’s Burr Ferry field is located in Vernon Parish, Louisiana. Its South Bearhead Creek is located in Beauregard Parish, Louisiana. SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ) Recent Trading Information
SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ) closed its last trading session at 0.218 with shares trading hands.