Attached files
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EX-10.1 - FAR EAST ENERGY CORP | v205346_ex10-1.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 and Exchange Act of 1934
Date of
Report (Date of earliest event reported): December 7,
2010
FAR
EAST ENERGY CORPORATION
(Exact
name of registrant as specified in its charter)
Nevada
|
0-32455
|
88-0459590
|
||
(State
or other jurisdiction of incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
363
N. Sam Houston Parkway East, Suite 380, Houston, Texas
|
77060
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (832) 598-0470
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:
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
5.02.
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
On
December 7, 2010, Far East Energy Corporation (the “Company”) entered into the
Sixth Amendment (the “Amendment”) to the Amended and Restated Employment
Agreement, effective December 23, 2004, between the Company and Michael R.
McElwrath, the Chief Executive Officer of the Company (the
“Agreement”). The Amendment extended the term of the Agreement from
October 13, 2012 to October 13, 2013, unless sooner terminated in accordance
with the terms thereof, and eliminated Mr. McElwrath’s guaranteed minimum bonus,
which had previously been set at $20,000 for every six months. Under
the Agreement, as amended by the Amendment, Mr. McElwrath will be eligible to
receive, but will not be guaranteed, performance bonuses payable on or before
the 13th day of
October and April of each year, in such amounts and with the performance
criteria to be established by the Compensation Committee of the Company in
discussions with Mr. McElwrath.
The
description of the Amendment set forth herein does not purport to be complete
and is qualified in its entirety by the full text of the Amendment, which is
attached as Exhibit 10.1 hereto and incorporated herein by
reference.
Item
9.01.
|
Financial
Statements and Exhibits.
|
(d) Exhibits
Exhibit
Number
|
Description
|
10.1
|
Sixth
Amendment to Amended and Restated Employment Agreement dated December 7,
2010 between Far East Energy Corporation and Michael R.
McElwrath.
|
2
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: December
13, 2010
Far East Energy Corporation | |||
|
By:
|
/s/ Bruce N. Huff | |
Bruce N. Huff | |||
Chief Financial Officer | |||
3
Index to
Exhibits
Exhibit
Number
|
Description
|
10.1
|
Sixth
Amendment to Amended and Restated Employment Agreement dated December 7,
2010 between Far East Energy Corporation and Michael R.
McElwrath.
|
4