SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) December 29, 2005
Petroleum Development Corporation
(Exact Name of Registrant as Specified in Charter)
Nevada 0-7246 95-2636730
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
103 East Main Street; Bridgeport, WV 26330
(Address of Principal Executive Offices)
Registrant's telephone number, including area code 304-842-3597
no change
(Former Name or Former Address, if Changed Since Last Report
Item 1.01. Entry into a Material Definitive Agreement.
The Company is filing various amendments to employment agreements that have been executed by the Company and Messrs. Steven R. Williams the CEO, Thomas E. Riley, the President, Eric R. Stearns, the Executive Vice President of Exploration and Production, and Darwin L. Stump, the CFO. The amendments are to revoke the existing stock redemption agreements and life insurance coverage with each executive and are filed as exhibits 99.1.
EXHIBIT INDEX
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Amendment to Employment Agreement Dated March 7, 2003 between Petroleum Development Corporation and Steven R. Williams
99.2 Amendment to Employment Agreement Dated December 26, 2005 between Petroleum Development Corporation and Thomas E. Riley
99.3 Amendment to Employment Agreement Dated December 26, 2005 between Petroleum Development Corporation and Eric R. Stearns
99.4 Amendment to Employment Agreement Dated December 26, 2005 between Petroleum Development Corporation and Darwin L. Stump
SIGNATURES
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.
Petroleum Development Corporation
By /s/ Darwin L. Stump
Darwin L. Stump
Date January 4, 2006