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SM > SEC Filings for SM > Form 8-K on 24-Oct-2012All Recent SEC Filings

Show all filings for SM ENERGY CO

Form 8-K for SM ENERGY CO


Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 28, 2012, the Board of Directors of SM Energy Company (the "Company") appointed Javan D. Ottoson as President of the Company, effective October 3, 2012. Mr. Ottoson will continue to serve as the Company's Chief Operating Officer. Mr. Ottoson succeeds Anthony J. Best in the role of President of the Company. Mr. Best will continue to serve the Company as its Chief Executive Officer and as a member of the Board of Directors.

There is no arrangement or understanding pursuant to which Mr. Ottoson was selected as President of the Company. There are no family relationships between Mr. Ottoson and any other executive officer or director of the Company, and there are no transactions or proposed transactions between Mr. Ottoson and the Company that would require disclosure pursuant to Item 404(a) of Regulation S-K.

In connection with his appointment, Mr. Ottoson received a one-time award of 10,000 Restricted Stock Units pursuant to the SM Energy Equity Incentive Compensation Plan, effective as of October 3, 2012. The Restricted Stock Units will vest on October 3, 2015.

A copy of the press release announcing Mr. Ottoson's promotion is attached here to as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

    (d) Exhibits.        The following exhibit is furnished as part of this
        Exhibit 99.1     Press release of the Company dated October 4, 2012,
                         entitled "SM Energy Names Javan D. Ottoson President"

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