Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
EROC > SEC Filings for EROC > Form 8-K on 19-Feb-2013All Recent SEC Filings

Show all filings for EAGLE ROCK ENERGY PARTNERS L P | Request a Trial to NEW EDGAR Online Pro

Form 8-K for EAGLE ROCK ENERGY PARTNERS L P


19-Feb-2013

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 13, 2013, the Compensation Committee (the "Committee") of the Board of Directors of Eagle Rock Energy G&P, LLC (the "Company"), the general partner of the general partner of Eagle Rock Energy Partners, L.P., approved certain increases to base salaries of the Company's officers, including its named executive officers, to be effective April 1, 2013, in order to continue to target the market median in total direct compensation. Pearl Meyers & Partners, an independent compensation consultant engaged by the Committee, assisted the Committee in gathering information and data regarding executive compensation within the market in which the Company competes for executive talent and advised the Committee as to potential adjustments to base salaries of the Company's officers, including its named executive officers, and the resulting impact on bonus targets and overall target total direct compensation, in an effort to ensure the Company continues to target the market median.
The Company's current named executive officers are as follows: (1) Joseph A. Mills, Chairman of the Board and Chief Executive Officer; (2) Jeffrey P. Wood, Senior Vice President and Chief Financial Officer; (3) Charles C. Boettcher, Senior Vice President, General Counsel, Chief Compliance Officer and Secretary;
(4) Joseph E. Schimelpfening, Senior Vice President, Upstream Business; and (5) Steven G. Hendrickson, Senior Vice President, Technical Evaluations. The Committee approved the following increases to base salaries of each of the named executive officers, to be effective April 1, 2013:
Officer            Previous Base Salary New Base Salary Resulting Salary Increase
Mr. Mills                $560,000          $570,000                2%
Mr. Wood                 $320,000          $340,000                6%
Mr. Boettcher            $290,000          $330,000                14%
Mr. Schimelpfening       $290,000          $315,000                9%
Mr. Hendrickson          $260,000          $300,000                15%

Although the Committee did not change the Target Bonus Percentages for the Company's officers, including its named executive officers, under the Company's 2013 Short Term Incentive Bonus Plan, such officers' bonus targets will be higher on account of higher annual wage earnings from April 1, 2013 to the end of the year.
The base salary increases for officers, including the named executive officers, will be effective coincident with annual salary increases for other employees of the Company on April 1, 2013.


  Add EROC to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for EROC - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2013 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.