W&T Offshore, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by W&T Offshore, Inc. on May 21, 2007, covering events occurring on May 15, 2007. The report details the outcomes of the Company's annual meeting of shareholders held in Houston, Texas.
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 corporate governance and board composition changes rather than financial performance.
Material Changes
The primary material change reported is the composition of the Board of Directors following the annual shareholder meeting:
- Re-elected Directors: Tracy W. Krohn, J. F. Freel, Stuart B. Katz, S. James Nelson, Jr., and Virginia Boulet were re-elected for one-year terms.
- New Director: Robert I. Israel was elected to fill the vacated seat of James L. Luikart, who chose not to run for re-election.
- Director Profile: Robert Israel, age 57, is a Partner at Compass Advisers, LLP. He holds an M.B.A. from Harvard Business School and is considered an "audit committee financial expert" and "independent" under NYSE and SEC standards. He will serve on the Audit Committee.
Guidance, Outlook, and Risks
The filing includes a Regulation FD Disclosure (Item 7.01) referencing a press release dated May 18, 2007, which announced the annual meeting results. The filing explicitly states that the information furnished under Item 7.01 is not deemed filed for purposes of Section 18 of the Exchange Act and makes no admission as to the materiality of such information. No specific financial guidance, outlook, or risk factors are detailed within the text of this 8-K.
Key Facts for Investor Verification
- Verify the full text of the press release dated May 18, 2007 (Exhibit 99.1) for any additional disclosures regarding the annual meeting.
- Confirm the specific responsibilities and committee assignments of the newly elected director, Robert I. Israel.
- Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial metrics.