SEC Filing Summary: RAM Energy Resources, Inc.
Business Context and Reporting Period
This Form 8-K was filed by RAM Energy Resources, Inc. on October 20, 2006, reporting events that occurred on October 18, 2006. The registrant is incorporated in Delaware and maintains its principal executive offices in Tulsa, Oklahoma.
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 a specific corporate agreement and does not contain financial statements or performance metrics.
Material Changes
The primary material change reported is the entry into a definitive agreement amending the employment contract of Larry E. Lee. The amendment authorizes the Company to pay for:
- The annual premium under a term life insurance policy owned by Mr. Lee.
- The cost of Mr. Lee's annual physical examinations.
- Certain country club dues and expenses.
In all other respects, the employment agreement remained unchanged.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, outlook, management commentary on operations, or specific risk factors. The document serves solely to disclose the amendment to the executive employment agreement.
Key Facts for Investor Verification
- Verify the total cost impact of the new benefits (life insurance, physicals, club dues) on the company's compensation expenses.
- Confirm the terms of the underlying employment agreement to understand the scope of the amendment.
- Note that the filing is signed by Larry E. Lee, the Chief Executive Officer, who is the direct beneficiary of the agreement amendment.