Business Context and Reporting Period
This Form 8-K was filed by RAM Energy Resources, Inc. on February 26, 2008. The report discloses a material amendment to the employment agreement of Larry E. Lee, the Company's Chief Executive Officer.
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 executive compensation changes and does not contain financial performance data.
Material Changes
On February 25, 2008, the Company amended Mr. Lee's employment agreement with the following changes:
- Employment Period: Extended to April 30, 2010.
- Base Salary: Increased to at least $500,000 annually.
- Other Terms: Remained unchanged.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is limited to the disclosure of the executive compensation amendment.
Investor Verification Points
- Verify the total compensation package for Larry E. Lee, including any bonuses or equity incentives not detailed in this summary.
- Review the full text of Exhibit 10.6.2 (Second Amendment to Employment Agreement) for specific performance conditions or termination clauses.
- Confirm the impact of the salary increase on the Company's future operating expenses in upcoming quarterly reports.