Attached files
| file | filename |
|---|---|
| EX-10.1 - CONFIDENTIAL SEVERANCE AGREEMENT AND RELEASE - PENN VIRGINIA CORP | d406692dex101.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: September 5, 2012 (August 31, 2012)
(Date of Earliest Event Reported)
PENN VIRGINIA CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| Virginia | 1-13283 | 23-1184320 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| Four Radnor Corporate Center, Suite 200 100 Matsonford Road, Radnor, Pennsylvania |
19087 | |||
| (Address of Principal Executive Offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (610) 687-8900
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 (see General Instruction A.2. below):
| ¨ | 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 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 31, 2012, Penn Virginia Corporation (the “Company”) and Michael E. Stamper, Vice President and Regional Manager of the Company, entered into a Confidential Severance Agreement and Release (the “Severance Agreement”) containing the terms and conditions described below.
Separation Date and Benefits. The Company and Mr. Stamper agreed that his separation date from the Company would be September 1, 2012 (the “Separation Date”). The Company will pay Mr. Stamper $280,000 less applicable taxes, within 30 days following the Separation Date.
General Release. Mr. Stamper agreed to release and permanently waive all claims of any kind against the Company.
Confidentiality. The Severance Agreement prohibits Mr. Stamper from disclosing confidential information regarding the Company.
A copy of the Severance Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 10.1 | Confidential Severance Agreement and Release dated August 31, 2012 by and between Penn Virginia Corporation and Michael E. Stamper. |
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.
Date: September 5, 2012
| Penn Virginia Corporation | ||
| By: | /s/ NANCY M. SNYDER | |
| Name: | Nancy M. Snyder | |
| Title: | Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary | |
Exhibit Index
| Exhibit |
Description | |
| 10.1 | Confidential Severance Agreement and Release dated August 31, 2012 by and between Penn Virginia Corporation and Michael E. Stamper. | |