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)
December 7, 2005
QUINTANA MARITIME LIMITED
(Exact name of registrant as specified in its charter)
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| Marshall Islands
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000-51412
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98-0453513 |
(State or other jurisdiction of
incorporation or organization)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
Quintana Maritime Limited
c/o Quintana Management LLC
Pandoras 13 & Kyprou Street
166 74 Glyfada
Greece
(Address of principal executive office)
011-30-210-898-5056
(Registrant’s telephone number, including area code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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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
On December 7, 2005, the Board of Directors of the Company, upon the recommendation of the
Compensation, Nominating & Governance Committee, established 2006 salaries and 2005 bonuses for its
executive officers. Messrs. Molaris, Frantzeskakis, Cornell, Putman, and Kahil will receive
$265,000, $245,000, $170,000, $155,000, and $150,000 in salary, respectively. Discretionary bonuses
awarded by the Board reflect a bonus attributable to the successful completion of the initial
public offering as well as performance bonuses for 2005. The aggregate bonuses awarded to Messrs.
Molaris, Frantzeskakis, Cornell, Putman, and Kahil were $155,000, $60,000, $110,000, $11,000 and
$3,000, respectively.