Business Context and Reporting Period
This Form 8-K is a current report filed by E. I. du Pont de Nemours and Company on April 28, 2006. The filing discloses the entry into a material definitive agreement regarding executive compensation adjustments approved by the Compensation Committee on April 25, 2006.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive base salary adjustments effective May 1, 2006.
Material Changes
The Compensation Committee approved base salary increases for four named executive officers. The changes are as follows:
- T. M. Connelly, Jr. (Senior Vice President & Chief Science & Technology Officer): Increased from $528,000 (2005) to $543,840 (2006).
- R. R. Goodmanson (Executive Vice President & Chief Operating Officer): Increased from $795,000 (2005) to $819,000 (2006).
- S. J. Mobley (Senior Vice President, Chief Administrative Officer & General Counsel): Increased from $580,000 (2005) to $597,396 (2006).
- G. M. Pfeiffer (Senior Vice President & Chief Financial Officer): Increased from $595,000 (2005) to $612,840 (2006).
Information regarding variable compensation and long-term incentive awards for these officers was previously disclosed in a Form 8-K filed on February 3, 2006.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on operations, risks, contingencies, or unusual items beyond the specific compensation adjustments noted above.
Investor Verification Points
- Verify the effective date of the salary increases (May 1, 2006).
- Review the Form 8-K filed on February 3, 2006, for details on variable compensation and stock option awards for the named executives.
- Confirm the total compensation impact by combining these base salary increases with previously disclosed incentive awards.