UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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)
April 6, 2010 (March 31, 2010)

St. Mary Land & Exploration Company
(Exact name of registrant as specified in its charter)


Delaware
001-31539
41-0518430
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)


1775 Sherman Street, Suite 1200, Denver, Colorado 80203
(Address of principal executive offices)                  (Zip Code)


Registrant’s telephone number, including area code: (303) 861-8140
 
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.):

[_] 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 5.02                      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The following sets forth a summary of the base salaries effective April 4, 2010, for the Chief Executive Officer of St. Mary Land & Exploration Company (the “Company”), the Chief Financial Officer, and the other named executive officers of the Company for whom compensation disclosure was required in the Company’s preliminary proxy statement for the 2010 annual meeting of stockholders filed with the Securities and Exchange Commission on April 2, 2010, which base salaries were approved by the Compensation Committee of the Board of Directors of the Company on March 31, 2010, and the Board of Directors of the Company on April 1, 2010.

Name and Principal Position
2010 Base Salary
Anthony J. Best
President and Chief Executive Officer
550,000
A. Wade Pursell
Executive Vice President and Chief Financial Officer
325,000
Javan D. Ottoson
Executive Vice President and Chief Operating Officer
366,000
Milam Randolph Pharo
Senior Vice President and General Counsel
250,000
Paul M. Veatch
Senior Vice President and Regional Manager
250,000










 





 
 
 


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.


ST. MARY LAND & EXPLORATION COMPANY


Date:
   April 6, 2010
By:
/s/ MARK T. SOLOMON
     
Mark T. Solomon
     
Controller