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): | September 19, 2006 |
The Houston Exploration Company
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 001-11899 | 22-2674487 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
1100 Louisiana Street, Suite 2000, Houston, Texas | 77002-5215 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 713-830-6800 |
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On September 19, 2006, the Board of Directors of The Houston Exploration Company (the "Company") approved a discretionary bonus in the amount of $100,000 for Jeffrey B. Sherrick, the Company’s Senior Vice President – Corporate Development. The discretionary bonus was awarded to Mr. Sherrick in recognition of his significant contribution to completing earlier this year the divestiture of substantially all of the Company’s offshore Gulf of Mexico assets as part of the Company’s strategic restructuring announced in November 2005. As previously announced, the Company is exploring a broad range of strategic alternatives to further enhance shareholder value.
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.
The Houston Exploration Company | ||||
September 22, 2006 | By: |
/s/ James F. Westmoreland
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Name: James F. Westmoreland | ||||
Title: Vice President and Chief Accounting Officer |