Business Context and Reporting Period
This Form 8-K was filed by E. I. du Pont de Nemours and Company on May 4, 2005. The report discloses the entry into a material definitive agreement regarding executive compensation adjustments approved by the Compensation Committee on April 29, 2005, effective May 1, 2005.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on base salary adjustments for named executive officers.
| Executive Officer | Position | 2004 Base Salary | 2005 Base Salary |
|---|---|---|---|
| R. R. Goodmanson | Executive Vice President & Chief Operating Officer | $762,600 | $795,000 |
| J. C. Hodgson | Senior Vice President | $492,000 | $512,000 |
| S. J. Mobley | Senior Vice President, Chief Administrative Officer & General Counsel | $557,160 | $580,000 |
| G. M. Pfeiffer | Senior Vice President & Chief Financial Officer | $550,596 | $595,000 |
Material Changes
The primary material change is the increase in base salaries for four named executive officers effective May 1, 2005. The filing notes that information regarding 2004 variable compensation and 2005 stock option and long-term incentive awards was previously disclosed in a Form 8-K filed on February 8, 2005.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risks, contingencies, or unusual items beyond the specific compensation adjustments detailed above.
Investor Verification Checklist
- Verify the effective date of the salary increases (May 1, 2005).
- Review the Form 8-K filed on February 8, 2005, for details on variable compensation and stock option awards not included in this report.
- Confirm the specific percentage increase for each executive officer against the company's overall compensation philosophy.