SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 8, 2006 (March 3, 2006)
(Exact name of registrant as specified in its charter)
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Delaware
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1-12755
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75-2559681 |
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(State or other Jurisdiction of
Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
2515 McKinney Avenue, Suite 1200
Dallas, Texas 75201
(Address of principal executive offices) (Zip code)
Registrants telephone number, including area code:
(214) 303-3400
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):
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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)) |
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement
On March 3, 2006, the
Compensation Committee of our Board of Directors approved amendments to
the performance criteria contained in our Executive Incentive Compensation Plan. Pursuant to the
Executive Incentive Compensation Plan, executive officers are eligible to receive 0% to 200% of
their target bonuses, depending on the level of achievement of the performance criteria established
by the Compensation Committee. The Compensation Committee changed the performance criteria for the
CEO from being determined 100% based on financial results, to 80% based on financial results and
20% based on the achievement of individual performance objectives. The performance criteria for
the remaining executive officers were changed from being determined
80% based on financial results and 20%
based on individual performance objectives to 70% and 30%,
respectively. Base salaries and target bonus percentages for 2006 for
our Named Executive Officers (as defined in Item 402 of Regulation
S-K) are included in the Current Report on Form 8-K dated December
19, 2005.
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