Form 8-K

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): April 27, 2006

 

 

SOUTHWESTERN ENERGY COMPANY

(Exact name of registrant as specified in its charter)

 

 

Arkansas

(State or other jurisdiction of incorporation)

 

1-8246   71-0205415
(Commission File Number)   (IRS Employer Identification No.)

 

2350 N. Sam Houston Pkwy. E., Suite 300,

Houston, Texas

   77032
(Address of principal executive offices)   (Zip Code)

 

(281) 618-4700

(Registrant's telephone number, including area code)

 

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:

 

       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 1 - Registrant's Business and Operations

 

Item 1.01 Entry Into A Material Definitive Agreement.

 

        On April 27, 2006, the Compensation Committee of the Board of Directors of Southwestern Energy Company (the "Company"), pursuant to the authority granted to the Committee under Section 4 of both the Southwestern Energy Company 2004 Stock Incentive Plan (the "2004 Plan") and the Southwestern Energy Company 2000 Employee Stock Incentive Plan (the "2000 Plan"), determined that all incentive awards granted to director John Paul Hammerschmidt under the 2004 Plan and the 2000 Plan that were unvested as of April 27, 2006 (the "Accelerated Vesting Date") were deemed to be fully vested on the Accelerated Vesting Date.  Mr. Hammerschmidt retired from the Company's Board of Directors effective May 25, 2006.


       

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.

 

    SOUTHWESTERN ENERGY COMPANY

Dated: May 31, 2006

  

By:

  

/s/ GREG D. KERLEY

   

Name:

  

Greg D. Kerley

   

Title:

  

Executive Vice President and

       

Chief Financial Officer