Attached files
file | filename |
---|---|
EX-10.1 - GASTAR EXPLORATION, INC. | v209981_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
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): February 7, 2011
(February 3, 2011)
GASTAR
EXPLORATION LTD.
(Exact
Name of Registrant as Specified in its Charter)
ALBERTA,
CANADA
|
001-32714
|
98-0570897
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
1331
LAMAR STREET, SUITE 1080
HOUSTON,
TEXAS 77010
(Address
of principal executive offices)
(713)
739-1800
(Registrant's
telephone number, including area code)
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):
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))
|
SECTION
5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 3, 2011, Gastar Exploration
Ltd., Gastar Exploration USA, Inc. (“Gastar”) and J. Russell Porter, Gastar’s
President and Chief Executive Officer (“Porter”) entered into a Second Amendment
to Porter’s Employment Agreement effective March 23, 2005 (the “Second
Amendment”). The Second Amendment amends Section 8(a) “When Severance
is Paid” of Porter’s Employment Agreement to read as follows:
“Company shall pay a severance benefit
to Porter if Porter’s employment is terminated pursuant to Section 4(a), 4(b),
and/or 4(d). No severance shall be paid if Porter’s employment is
terminated pursuant to Sections 4(c) and 4(e).”
A copy of the Second Amendment is
attached hereto as Exhibit 10.1 of this Current Report on Form 8-K and is
incorporated herein by reference.
SECTION
9 – FINANCIAL STATEMENTS AND EXHIBITS
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits
The following is a list of exhibits
filed or furnished as part of this Current Report.
Exhibit
Number
|
Description of
Document
|
|
10.1
|
Second
Amendment to Employment Agreement entered into by and between Gastar
Exploration Ltd., Gastar Exploration USA, Inc. and J. Russell Porter as of
February 3, 2011.
|
- 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.
GASTAR
EXPLORATION LTD.
|
|||
Date: February 7,
2011
|
By:
|
/s/ J. RUSSELL
PORTER
|
|
J.
Russell Porter
|
|||
President
and Chief Executive Officer
|
- 3
-
EXHIBIT
INDEX
Exhibit
Number
|
Description of
Document
|
|
10.1
|
Second
Amendment to Employment Agreement entered into by and between Gastar
Exploration Ltd., Gastar Exploration USA, Inc. and J. Russell Porter as of
February 3, 2011.
|
- 4
-