8-KMaterial Agreements

EIDP, Inc. 8-K Report, Material Agreement (May 4, 2005)

Filed May 4, 2005For Securities:CTA-PBCTA-PA

Summary

E. I. du Pont de Nemours and Company (DuPont) filed an 8-K on May 4, 2005, reporting an amendment to its executive compensation. The Compensation Committee of the Board of Directors approved increases to the base salaries for several named executive officers, effective May 1, 2005. This filing provides updated salary figures for 2005 compared to 2004 for key executives, including the Chief Operating Officer, Senior Vice Presidents, and the Chief Financial Officer. Investors should note that this filing pertains solely to base salary adjustments for a select group of top executives. Information regarding variable compensation and stock option awards for the same period was previously disclosed. The salary increases, while material for the named individuals, do not represent a change in the company's overall business strategy or financial performance, but rather an adjustment to executive remuneration.

Key Highlights

  • 1DuPont's Compensation Committee approved base salary increases for named executive officers.
  • 2The salary increases became effective on May 1, 2005.
  • 3R. R. Goodmanson, EVP & Chief Operating Officer, saw a salary increase from $762,600 (2004) to $795,000 (2005).
  • 4J. C. Hodgson, Senior Vice President, had his salary increased from $492,000 (2004) to $512,000 (2005).
  • 5S. J. Mobley, SVP, Chief Administrative Officer & General Counsel, had his salary increased from $557,160 (2004) to $580,000 (2005).
  • 6G. M. Pfeiffer, SVP & Chief Financial Officer, had his salary increased from $550,596 (2004) to $595,000 (2005).
  • 7Information on variable compensation and stock awards for these executives was previously reported.

Frequently Asked Questions

The main purpose of this 8-K filing is to report on the approval of base salary increases for several named executive officers of E. I. du Pont de Nemours and Company by its Compensation Committee.

The approved base salary increases became effective as of May 1, 2005.

No, this filing specifically addresses adjustments to the base salaries of a few named executive officers. It does not provide information about the company's overall business strategy, financial performance, or outlook. Such details would typically be found in other SEC filings like 10-Q or 10-K reports.

This particular 8-K filing focuses solely on base salary increases. Information related to 2004 variable compensation and 2005 stock option and long-term incentive awards for these executives was previously disclosed in an 8-K filed on February 8, 2005.