Each one in plain English, with the numbers worked through for a shareholder.
21 Mar 2006substantial holder notice● Neutral
Robert S. Pitts, Jr, Steadfast Capital Management LLC, Steadfast Advisors LLC, Steadfast Capital, L.P, American Steadfast, L.P, Steadfast International Ltd disclosed a new substantial EPL OIL & GAS, INC. shareholding (5.07% of votes).
Executive bonuses for 2006 were re-anchored to production growth, reserve replacement, finding and development cost, operating cost per barrel and share-price performance against similar-sized peers.
Amaranth LLC, Amaranth Advisors L.L.C, Nicholas M. Maounis reported a EPL OIL & GAS, INC. shareholding of 2.40% of votes in a periodic institutional filing.
Chief executive Richard Bachmann was awarded a $500,000 bonus and Phillip Gobe, by now president and chief operating officer, was added to an enlarged eleven-member board.
SAGAMORE HILL CAPITAL MANAGEMENT L.P, SAGAMORE HILL MANAGERS LLC, STEVEN H. BLOOM reported a EPL OIL & GAS, INC. shareholding of 1,909,471 shares (4.84% of votes) in a periodic institutional filing.
The board put three-year change-of-control severance agreements in place for Bachmann, Gobe, Looney and Peper and a matching plan for other senior staff, vesting all equity awards if the company were taken over - protection that became live eighteen months later when a hostile bidder appeared.
Energy Income Fund, L.P, Robert D. Gershen, EIF General Partner, L.L.C reported a EPL OIL & GAS, INC. shareholding of 40,974 shares (0.10% of votes) in a periodic institutional filing.