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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: December 28, 2010
(Date of earliest event reported)
GEORESOURCES, INC.
(Exact name of registrant as specified in its charter)
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COLORADO
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0-8041
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84-0505444
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(State or other jurisdiction
of incorporation)
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(Commission File Number) | (IRS Employer Identification No.) |
110 Cypress Station Drive, Suite 220
Houston, Texas 77090
(Address of principal executive offices) (Zip Code)
(281) 537-9920
(Registrant’s telephone number, including area code)
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Not Applicable
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(Former name or former address, if changed since last report)
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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))
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 28, 2010, the Compensation Committee of the Board of Directors of GeoResources, Inc. (the “Company”) approved cash bonuses payable to each of the named executive officers of the Company as set forth below, payable immediately.
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Executive Officers:
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Officer Position(s) with the Company
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Cash Bonus
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Frank A. Lodzinski
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Chief Executive Officer and President (Principal Executive Officer)
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$150,000
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Robert J. Anderson
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Executive Vice President – Engineering and Acquisitions
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$100,000
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Collis P. Chandler, III
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Chief Operating Officer (Northern Division) and Executive Vice President
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$100,000
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Howard E. Ehler
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Principal Accounting Officer and Principal Financial Officer
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$100,000
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Francis M. Mury
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Chief Operating Officer (Southern Division) and Executive Vice President
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$100,000
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SIGNATURE
Pursuant to the requirement 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.
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GEORESOURCES, INC.
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By:
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/s/ Frank A. Lodzinski
Frank A. Lodzinski, Chief Executive Officer and President
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Date: December 28, 2010