8-KMaterial Agreements

EIDP, Inc. 8-K Report, Material Agreement (Feb 3, 2006)

Filed February 3, 2006For Securities:CTA-PBCTA-PA

Summary

E. I. du Pont de Nemours and Company (DuPont) filed an 8-K report on February 3, 2006, disclosing material information regarding executive compensation. The Compensation Committee of the Board of Directors approved the 2005 variable compensation awards and grants of stock options and restricted stock units (RSUs) for several named executive officers. These awards are designed to align executive incentives with corporate performance and shareholder value. The compensation package includes cash bonuses based on 2005 corporate results, stock options, time-vested RSUs, and performance-based RSUs with a performance period from 2006 to 2008. The specific amounts awarded vary by executive, reflecting their roles and responsibilities within the company. Investors should note that these grants are governed by established company plans previously filed with the SEC.

Key Highlights

  • 1DuPont's Compensation Committee approved 2005 variable compensation awards and equity grants for named executive officers.
  • 2Awards include cash bonuses, stock options, time-vested RSUs, and performance-based RSUs.
  • 3Compensation decisions reflect 2005 corporate performance and align with established company plans.
  • 4Performance-based RSUs have a performance period set for 2006 through 2008.
  • 5Specific award amounts are detailed for T. M. Connelly, Jr., R. R. Goodmanson, J. C. Hodgson, S. J. Mobley, and G. M. Pfeiffer.
  • 6The filing references previously filed SEC documents for details on the Variable Compensation Plan and Stock Performance Plan.

Frequently Asked Questions

This 8-K filing reports on the material definitive agreement related to executive compensation. Specifically, it details the 2005 variable compensation awards and the grant of stock options and restricted stock units (RSUs) to key executive officers, as approved by the Compensation Committee.

The awards were granted to named executive officers of E. I. du Pont de Nemours and Company, including T. M. Connelly, Jr. (Senior Vice President & Chief Science & Technology Officer), R. R. Goodmanson (Executive Vice President & Chief Operating Officer), J. C. Hodgson (Senior Vice President), S. J. Mobley (Senior Vice President, Chief Administrative Officer & General Counsel), and G. M. Pfeiffer (Senior Vice President & Chief Financial Officer).

The compensation includes a combination of cash bonuses under the 2005 variable compensation plan, stock options, time-vested restricted stock units (RSUs), and performance-based restricted stock units (RSUs). The cash bonuses reflect 2005 corporate results.

The performance period for the performance-based restricted stock units is set from 2006 to 2008.