SEC Filing Summary: RAM Energy Resources, Inc.
Business Context and Reporting Period
This Form 8-K was filed by RAM Energy Resources, Inc. on March 18, 2010, reporting events occurring on March 17, 2010. The filing addresses corporate governance and executive compensation matters rather than operational or financial performance results.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on an amendment to an executive employment agreement.
Material Changes
The primary material change reported is an amendment to the employment agreement of Larry E. Lee. The amendment includes:
- An increase in base salary of $50,000 per year.
- An extension of the employment period to April 30, 2012.
- No other changes to the existing agreement terms.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. The document is strictly a disclosure of the executive compensation amendment.
Investor Verification Checklist
- Verify the total annual compensation impact of the $50,000 salary increase on the company's operating expenses.
- Review the full text of Exhibit 10.6.5 to confirm the specific terms of the employment extension.
- Confirm the current tenure and role of Larry E. Lee within the organization.