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SD > SEC Filings for SD > Form 8-K on 25-Jun-2013All Recent SEC Filings

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Form 8-K for SANDRIDGE ENERGY INC


25-Jun-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

The Board of Directors (the "Board") of SandRidge Energy, Inc. (the "Company") has named Eddie M. LeBlanc III, 64, as Executive Vice President and Chief Financial Officer of the Company, effective July 8, 2013.

Mr. LeBlanc has an extensive background in the exploration and production industry, at both private and publicly held companies, including having served as chief financial officer at each of East Resources Inc. (2010 - 2013), PostRock Energy Corporation (2009 - 2010), Ascent Energy Company (2003 - 2007), Range Resources Corporation (2000 - 2003) and Coho Energy, Inc. (1995 - 1999). Previously in his career, Mr. LeBlanc served in senior positions at other diversified energy companies and as an auditor with Ernst & Ernst. He holds a Bachelor of Science in Business Administration from the University of Louisiana at Lafayette (formerly the University of Southwestern Louisiana) and is a certified public accountant and a chartered financial analyst.

In connection with Mr. LeBlanc's appointment, the Compensation Committee of the Board has approved the following compensation for him: (a) annual base salary of $425,000; (b) target annual incentive award of $375,000; (c) a target long term incentive award of $1,500,000,half of which will be in the form of shares of restricted stock that vest ratably over four years and half of which will be in the form of performance units, the final payout with respect to which will be determined based on the Company's relative total stockholder return measured against its peer group.


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