epl8k032107.htm
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): March 21,
2007
————————————
ENERGY
PARTNERS, LTD.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-16179
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72-1409562
|
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
file number)
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(I.R.S.
Employer
Identification
No.)
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201
St. Charles Avenue, Suite 3400
New
Orleans, Louisiana 70170
(Address
of principal executive offices)
(504) 569-1875
(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:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
8.01. Other
Events.
On
March
21, 2007, the Board of Directors of the Company approved the First Amendment
to
the Company’s 2006 Long Term Stock Incentive Plan (the “Plan”). This
amendment provides that, with respect to performance shares, performance units,
restricted shares, restricted share units and other share-based awards not
meeting certain vesting requirements set forth in the amendment (but
disregarding any awards made in lieu of a cash bonus at the election of a
participant), such awards will be limited to 5% of the total number of shares
reserved for grant under the Plan. The vesting requirements shall
be: (i) in the case of performance shares, performance units,
restricted shares, restricted share units and other share-based awards that
are
performance-based, the award may not vest prior to the expiration of one year
following the grant date (except as provided in (iii) below), (ii) in the case
of restricted shares, restricted share units and other share-based awards that
are not performance-based, the award may not vest more rapidly than ratably
over
the three-year period beginning on the grant date (except as provided in (iii)
below), and (iii) the Compensation Committee may provide for earlier vesting
only in the event of death, disability, retirement or change of
control.
Item
9.01. Financial
Statements and Exhibits.
Exhibit. The
following exhibit is filed herewith:
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Exhibit
No.
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Description
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99.1
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First
Amendment to Energy Partners, Ltd. 2006 Long Term Stock Incentive
Plan,
dated March 21, 2007.
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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.
Dated:
March 27, 2007
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ENERGY
PARTNERS, LTD.
By: /s/
John H. Peper
John
H. Peper
Executive
Vice President, General
Counsel
and Corporate Secretary
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