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 29, 2006
RANGE RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
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0-9592
(Commission
File Number)
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34-1312571
(IRS Employer
Identification No.) |
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777 Main Street, Suite 800
Ft. Worth, Texas
(Address of principal
executive offices)
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76102
(Zip Code) |
Registrant’s telephone number, including area code: (817) 870-2601
(Former name or former address, if changed since last report): Not applicable
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
ITEMS 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 29, 2006, the Compensation Committee of the Board of Directors of Range Resources
Corporation (the “Company”) established the criteria for awards of cash bonuses to executives for
fiscal 2006 pursuant to the Company’s 2005 Equity-Based Compensation Plan (the “2005 Plan”). The
criteria are based upon achievement of certain predetermined targets for (i) finding and
development costs, (ii) pretax earnings before interest, depreciation and amortization, and
exploration expense, (iii) production per share, (iv) reserves per share and (v) stock price
performance. The “reserves per share” criterion is not listed in the performance criteria on which
awards may be based under the 2005 Plan. As a result, this criterion will be included in an
amendment to the 2005 Plan to be presented to stockholders for approval in connection with the
Company’s 2006 annual meeting. In the event that the amendment to the 2005 Plan is not approved by
stockholders, “reserve replacement percentage” will be substituted for “reserves per share” for
purposes of the bonus awards criteria for fiscal year 2006.
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