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EX-10.1 - EXHIBIT 10.1 - SWIFT ENERGY COsfy_ex101-05112012.htm
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 (or Date of Earliest Event Reported):  May 8, 2012


SWIFT ENERGY COMPANY
(Exact name of Registrant as specified in its charter)

Texas
1-8754
20-3940661
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

16825 Northchase Drive, Suite 400
Houston, Texas 77060
(Address of principal executive offices)

(281) 874-2700
(Registrant’s telephone number)

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 (see General Instruction A.2. below):

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))



 
 

 

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
At the May 8, 2012, annual meeting of shareholders, shareholders of Swift Energy Company (“Swift Energy” or the “Company”) approved amending the First Amended and Restated Swift Energy Company 2005 Stock Compensation Plan (the “2005 Plan”) to increase the number of shares of the Company’s common stock available for award by 225,000 shares.  The amendment was recommended by the Company’s board of directors and described in the Company’s proxy statement for the 2012 annual meeting. A copy of the amendment is filed as Exhibit 10.1 hereto.
 

Item 5.07
Submission of Matters to a Vote of Security Holders
 
The Company’s annual meeting of shareholders was held on May 8, 2012. At the record date, 42,824,356 shares of common stock were outstanding and entitled to one vote per share upon all matters submitted at the meeting. At the annual meeting, Clyde W. Smith, Jr., Terry E. Swift and Charles J. Swindells were elected to serve as directors of Swift Energy for three-year terms to expire at the 2015 annual meeting of shareholders. These directors were elected by the following votes:
 
Nominees for Director
 
For
 
Withheld
Clyde W. Smith, Jr.
 
35,208,606
 
3,164,195
Terry E. Swift
 
35,407,807
 
2,964,994
Charles J. Swindells
 
37,188,910
 
1,183,891



 
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The following proposals were also approved at the annual meeting:
 
Proposal
 
For
 
Against
 
Abstain
 
Broker
Non-Vote
Proposal to increase the number of shares of common stock that may be issued under the Company’s First Amended and Restated 2005 Stock Compensation Plan
 
27,848,037
 
10,295,167
 
229,597
 
2,704,063
Proposal to amend the Swift Energy Company Employee Stock Purchase Plan to increase the number of shares of the Company’s common stock available for issuance by up to 500,000 additional shares
 
37,817,091
 
258,765
 
296,945
 
2,704,063
Company’s Independent Auditor for the fiscal year ending December 31, 2012
 
38,889,252
 
2,171,872
 
15,740
 
0
Non-binding advisory vote on the compensation of the Company’s named executive officers as presented in the proxy statement
 
29,672,495
 
8,446,154
 
254,152
 
2,704,063


Item 9.01
Financial Statements and Exhibits
 
(d)           Exhibits
 
Exhibit
Number
 
Description
10.1
 
Amendment No. 7 to the First Amended and Restated Swift Energy Company 2005 Stock Compensation Plan

 
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SIGNATURE
 
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.
 
Date:  May 11, 2012

     
Swift Energy Company
       
By: 
  /s/ Bruce H. Vincent
         
Bruce H. Vincent
President


 
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EXHIBIT INDEX
 

Exhibit
Number
 
Description
10.1
 
Amendment No. 7 to the First Amended and Restated Swift Energy Company 2005 Stock Compensation Plan
     


 
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