8-KMaterial AgreementsExhibits & Filings

AMEREN CORP 8-K Report, Material Agreement (Dec 15, 2005)

Filed December 15, 2005For Securities:AEE

Summary

This 8-K filing from Ameren Corporation (AEE) on December 15, 2005, primarily concerns executive compensation adjustments approved by the Board of Directors, effective January 1, 2006. The key change involves an increase in the 2006 bonus target for the Chief Executive Officer (CEO) to 90% of base salary, up from 85% in 2005. Bonus targets for other Named Executive Officers remain unchanged. This signals a greater emphasis on performance-based incentives for the top executive. Additionally, the filing details a new perquisite for Named Executive Officers and other key executives, offering reimbursement of up to $10,000 annually for tax and financial planning services. This benefit aims to support executive financial well-being and retention. Investors should note that the attached exhibit provides a detailed table of 2005 and 2006 base salaries and 2006 bonus targets for these officers.

Key Highlights

  • 1Ameren Corporation's Board approved adjustments to executive compensation effective January 1, 2006.
  • 2The CEO's 2006 bonus target increased to 90% of base salary, from 85% in 2005.
  • 3Bonus targets for other Named Executive Officers remained consistent with 2005 levels.
  • 4A new annual perquisite of up to $10,000 for tax and financial planning services was approved for executives.
  • 5The filing includes a table (Exhibit 10.1) detailing 2005 and 2006 base salaries for Named Executive Officers.
  • 6Exhibit 10.1 also outlines the 2006 executive officer bonus targets.
  • 7The filing covers Ameren Corporation and its various subsidiaries, including Union Electric Company (AmerenUE) and Illinois Power Company (AmerenIP).

Frequently Asked Questions

The primary purpose of this filing is to disclose material changes to Ameren Corporation's executive compensation, specifically adjustments to the CEO's bonus target and the introduction of a new financial planning services perquisite for executives, effective January 1, 2006.

The annual bonus target for the CEO was increased from 85% of base salary in 2005 to 90% of base salary for 2006. This indicates a greater potential reward tied to performance for the Chief Executive Officer.

Ameren is now offering reimbursement of up to $10,000 annually for tax and financial planning services for Named Executive Officers and certain other executive officers. This is intended to provide a valuable benefit to its key leaders.

Detailed information on the 2005 and 2006 base salaries for the Named Executive Officers, as well as the 2006 bonus targets, is provided in Exhibit 10.1, which is incorporated by reference into this filing.