Current Report
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): May 19, 2009
SOUTHWESTERN ENERGY COMPANY
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
| 1 -08246 | 71-0205415 | |
| (Commission File Number) | (IRS Employer Identification No.) |
|
2350 N. Sam Houston Pkwy. E., Suite 125, 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 5 - Corporate Governance and
Management
Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b) and (c) On May 19, 2009, the Board of Directors of
Southwestern Energy Company (the “Company”) promoted Steven L. Mueller, age 56,
to President and Chief Executive Officer of the Company effective May 19, 2009
(the “Effective Date”). Harold M. Korell, the Company’s previous Chief Executive
Officer, was also appointed to serve as Executive Chairman of the Company’s
Board of Directors until his retirement no earlier than the end of the first
quarter of 2010, after which he will become the non-executive Chairman of the
Board. At the 2010 Annual Meeting of Shareholders, Mr. Korell will seek
re-election to the Board. The Company issued a press release announcing
these management changes on May 19, 2009, a copy of which is attached hereto as
Exhibit 99.1
.
Mr. Mueller is a graduate of the
Colorado School of Mines, with over 30 years of experience in the oil and gas
industry. From June 2008 through the Effective Date, Mr. Mueller served as
the President and Chief Operating Officer of the Company. From September
2007 to June 2008, Mr. Mueller served as the Executive Vice President of CDX
Gas, LLC. Prior to that, he was employed with The Houston Exploration
Company, where he was the Executive Vice President and Chief Operating Officer
from November 2004 through June 2007 and the Senior Vice President and GM
Onshore from September 2001 through November 2004.
The compensation arrangements for
fiscal year 2009 for each of Messrs. Korell and Mueller, as disclosed in the
Company’s annual proxy statement filed with the Securities and Exchange
Commission on March 30, 2009, remain in effect and no additional arrangements
have been entered in connection with these appointments.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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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.
Dated:
May
20, 2009
By:
/s/ GREG D. KERLEY
Name:
Greg D.
Kerley
Title:
Executive Vice
President and
Chief
Financial Officer
EXHIBIT INDEX
Exhibit
Description
SOUTHWESTERN ENERGY
COMPANY
Number
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NEWS RELEASE
SOUTHWESTERN ENERGY COMPANY PROMOTES STEVEN L. MUELLER TO
CHIEF EXECUTIVE OFFICER
Houston, Texas – May 19, 2009…Southwestern Energy Company (NYSE: SWN) today announced that Steven L. Mueller was promoted to Chief Executive Officer on May 19, 2009. With over 30 years of experience in the oil and gas industry, Mr. Mueller joined Southwestern in June 2008 as President and Chief Operating Officer. A graduate of the Colorado School of Mines, Mr. Mueller has served in multiple operational and managerial roles at Tenneco Oil Company, Fina Oil Company, American Exploration Company, Belco Oil & Gas Company, The Houston Exploration Company and CDX Gas, LLC.
Harold M. Korell, the company’s previous Chief Executive Officer, was also appointed to serve as Executive Chairman of the Board of Directors until his retirement no earlier than the end of the first quarter of 2010, after which he will become the non-executive Chairman of the Board. At the 2010 Annual Meeting of Shareholders, Mr. Korell will seek re-election to the Board.
“Steve’s leadership, technical abilities and focus on value creation are valuable assets to our company at a time when we are poised for significant growth over the next several years,” stated Harold M. Korell. “With Steve and our strong management team in place, we will remain focused on having the Right People doing the Right Things and creating value with every dollar we invest.”
Southwestern Energy Company is an independent energy company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at http://www.swn.com .
Contacts:
Greg D. Kerley
Brad D. Sylvester, CFA
Executive Vice President
Vice President, Investor Relations
and Chief Financial Officer
(281) 618-4897
(281) 618-4803