epl8k_032408.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 (Date of earliest event reported): March 24, 2008
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ENERGY
PARTNERS, LTD.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-16179
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72-1409562
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
file number)
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(I.R.S.
Employer
Identification
No.)
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201
St. Charles Avenue, Suite 3400
New
Orleans, Louisiana 70170
(Address
of principal executive offices)
(504) 569-1875
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
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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
7.01 Regulation
FD Disclosure.
The
following information is being furnished under Item 7.01, “Regulation FD
Disclosure.” This information shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or otherwise subject to the liabilities of that Section, or
incorporated by reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.
The
Company has been informed by its Chairman and Chief Executive Officer, Richard
A. Bachmann, that on March 20, 2008 a commercial bank sold 144,200 shares of
Company common stock owned by Mr. Bachmann which the bank held as security for a
loan. The shares were sold by the bank as a result of a decline in
the Company's stock price which resulted in a default under the terms of the
loan. Mr. Bachmann informed the Company that later that day, the loan
and related collateral were transferred to an account at a brokerage affiliate
of the bank. The remaining loan is collateralized by a variety of
equity securities, including approximately 1.2 million Company
shares. Mr. Bachmann further advised the Company that he intends to
reinvest an amount equal to the after-tax proceeds of such sale in shares of
Company common stock to be purchased in the open market, commencing in six
months.
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:
March 24, 2008
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ENERGY
PARTNERS, LTD.
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By:
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/s/
John H. Peper
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John
H. Peper
Executive
Vice President, General
Counsel
and Corporate Secretary
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