bonus_epsale.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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) August 29, 2007
DOMINION
RESOURCES, INC.
(Exact
Name of Registrant as Specified in Its Charter)
|
VIRGINIA
(State
or other jurisdiction
of
incorporation)
|
001-08489
(Commission
File
Number)
|
54-1229715
(IRS
Employer
Identification
No.)
|
|
120
TREDEGAR STREET
RICHMOND,
VIRGINIA
(Address
of Principal Executive Offices)
|
23219
(Zip
Code)
|
Registrant’s
Telephone Number,
Including Area Code (804) 819-2000
(Former
Name or Former Address, if Changed Since Last Report)
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 (see General
Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
August
29, 2007, the Compensation, Governance and Nominating Committee of Dominion
Resources, Inc. (the “Company”) approved cash bonus awards of $1 million and
$500,000 to Duane C. Radtke, Executive Vice President and Thomas N. Chewning,
Executive Vice President and Chief Financial Officer,
respectively. The awards were made to recognize the excellent
performance of Messrs. Radtke and Chewning in the execution of the sale of
the
Company’s exploration and production (“E&P”) operations. The
Company had previously announced its intent to sell substantially all of the
E&P operations and recently completed the final of several
sales.
Item
8.01 Other Events
On
July
2, 2007, the Company announced that it had reached an agreement to sell its
E&P operations in the Mid-Continent basin to Linn Energy LLC for
approximately $2 billion. In connection with this process, on
August 31, 2007, the Company completed the sale to Linn Energy LLC of these
operations, which included approximately 780 billion cubic feet
equivalent of
proved natural gas and oil reserves at December 31, 2006. More
details regarding the transaction are contained in the press release filed
herewith as Exhibit 99.
Item
9.01. Financial Statements and Exhibits.
|
Exhibit
|
|
|
99
|
Dominion
Resources, Inc. press release dated August 31,
2007
|
SIGNATURE
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.
|
DOMINION
RESOURCES, INC.
Registrant
|
| |
|
/s/
Patricia A. Wilkerson
|
|
Patricia
A. Wilkerson
Vice
President and Corporate Secretary
|
| |
Date: September
4, 2007