Summary
This filing is an amendment (8-K/A) to a previous Form 8-K from Cummins Inc. (CMI), primarily to correct an inadvertent omission and add clarification regarding a stock incentive plan amendment. Investors should note that the amendment clarifies an approved increase in the total number of shares available under the 2003 Stock Incentive Plan. This increase, approved by shareholders on May 12, 2009, raises the aggregate share pool from 10 million to 13.5 million shares, potentially impacting future equity-based compensation for officers and employees. The filing also addresses a procedural correction by including a conformed signature on the original Form 8-K. While this amendment doesn't introduce new material events, it serves to rectify previous filings for accuracy and completeness, particularly concerning the compensatory arrangements for officers and the governance principles of the company.
Key Highlights
- 1Amendment to Form 8-K to correct filing omissions and add disclosure.
- 2Shareholders approved an amendment to the 2003 Stock Incentive Plan on May 12, 2009.
- 3The amendment increases the aggregate number of shares available for awards under the stock incentive plan from 10 million to 13.5 million.
- 4This increase impacts the pool for stock options, stock appreciation rights, performance shares, or other rights.
- 5The filing provides a conformed signature for a previously filed Form 8-K.
- 6Revised Corporate Governance Principles are also referenced.
- 7The primary purpose of this filing is to ensure accuracy and completeness of previous disclosures.