Third Point seeks to fill six positions of Pogo Producing's board

By Lisa Kerner

Charlotte, N.C., Feb. 23 - Pogo Producing Co. shareholder Third Point LLC said Third Point Offshore Fund, Ltd. notified the company that it plans to nominate George K. Hickox, Jr., Benjamin W. Miller and Christian Woessner to the Pogo board of directors at the annual meeting on May 15.

In addition, Third Point Offshore is seeking to increase the number of board positions to 11 and plans to nominate George W. Braly, Robert T. Hanley and Elizabeth K. Blake to fill three newly created vacancies on the board, according to a schedule 13D filing with the Securities and Exchange Commission.

Third Point LLC, a New York City registered investment adviser founded by Daniel S. Loeb, owns 4,615,000 shares, or 7.9% of Pogo's outstanding stock. Included in that, the Offshore Fund beneficially owns 2,988,400 shares, or 5.1% of the Houston oil and gas company's outstanding shares.

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