UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (or Date of Earliest Event Reported): May 9, 2006
SWIFT ENERGY COMPANY
(Exact name of Registrant as specified in its charter)
TEXAS 1-8754 20-3940661
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
16825 Northchase Drive, Suite 400
Houston, Texas 77060
(Address of principal executive offices)
(281) 874-2700
(Registrant's telephone number)
Not Applicable
(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):
__ Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
__ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
__ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry Into a Material Definitive Agreement
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2005 Stock Compensation Plan
On May 9, 2006, shareholders of Swift Energy Company ("Swift Energy" or the
"Company") approved amendment of the Swift Energy Company 2005 Stock
Compensation Plan (the "Plan") to increase the number of shares authorized for
issuance under the Plan from 900,000 to 1,750,000 shares of Swift Energy's
common stock. The amendment was recommended by the Company's board of directors
and described in the Company's proxy statement for the 2006 annual meeting.
A copy of the amendment is filed herewith as Exhibit 10.1 hereto.
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
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Appointment of Principal Officers
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At the May 9, 2006 annual meeting of shareholders, the shareholders of Swift
Energy's common stock re-elected Clyde W. Smith, Jr. and Terry E. Swift to serve
three-year terms on Swift Energy's board of directors as Class I Directors.
Ambassador Charles J. Swindells was elected to a full three-year term as a Class
I Director following his appointment February 6, 2006, and Raymond E. Galvin was
also re-elected to serve as a Class II director for a one-year term.
Item 9.01 Financial Statements and Exhibits
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(d) Exhibit. The following exhibit is with this report on Form 8-K:
Exhibit No. Exhibit Description
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10.1 Amendment No. 1 to the Swift Energy Company 2005 Stock
Compensation Plan
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.
Date: May 9, 2006
Swift Energy Company
By:/s/ Alton D. Heckaman, Jr.
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Alton D. Heckaman, Jr.
Executive Vice President and
Chief Financial OFficer
EXHIBIT INDEX
Exhibit No. Description
10.1 Amendment No. 1 to the Swift Energy Company 2005 Stock
Compensation Plan