UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): | March 31, 2006 |
EGL, Inc. | |
(Exact Name of Registrant as Specified in Its Charter) | |
Texas | |
(State or Other Jurisdiction of Incorporation) | |
000-27288 76-0094895 | |
(Commission File Number) (IRS Employer Identification No.) | |
15350 Vickery Drive, Houston, Texas 77032 | |
(Address of Principal Executive Offices) (Zip Code) | |
(281) 618-3100 | |
(Registrant’s Telephone Number, Including Area Code) | |
Not Applicable | |
(Former Name or Former Address, if Changed Since Last Report) | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01.
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 31, 2006, EGL, Inc., a Texas corporation (the “Company”), paid the following bonus to the Company’s executive officers under the Company’s 2005 Incentive Bonus Plan for Executive Management Employees (the “Cash Bonus Plan”) with respect to the fourth quarter of 2005: E. Joseph Bento, President of North America and Chief Marketing Officer, $66,852.45; Vittorio Favati, Executive Vice President – Asia Pacific, $102,375; Ronald E. Talley, Chief Operating Officer and President – SCG, $78,048; Dana A. Carabin, General Counsel and Secretary, $31,250. The Cash Bonus Plan is an annual plan, which is calculated on a year-to-date basis and paid quarterly. In addition, Jim Crane, Chief Executive Officer, was paid a bonus of $260,533 with respect to the entire 2005 fiscal year.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 31, 2006
EGL, INC.
By:
/s/ Dana A. Carabin
Dana A. Carabin
Secretary
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