UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): November 8, 2005
FOSTER WHEELER LTD.
(Exact Name of Registrant as Specified in Its Charter)
Bermuda | | 001-31305 | | 22-3802649 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
Perryville Corporate Park, Clinton, New Jersey | | 08809-4000 |
(Address of Principal Executive Offices) | | (Zip Code) |
(908) 730-4000 |
(Registrant’s Telephone Number, Including Area Code) |
Not applicable |
(Former Name or Former Address, if Changed Since Last Report) |
Item 1.01 Entry Into a Material Definitive Agreement.
On November 8, 2005, the Board of Directors, upon the recommendation of the Compensation Committee, approved revisions to the fees payable to certain non-employee directors as compensation for their service on the Board of Directors and committees. These changes are effective November 9, 2005 and are as follows:
| (1) | The cash annual retainer for the Audit Committee Chair was increased from $5,000 to $10,000 and |
| (2) | A cash annual retainer of $5,000 was introduced for the Deputy Chairman of the Board. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | FOSTER WHEELER LTD. |
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| DATE: November 9, 2005 | By: | /s/ Lisa Fries Gardner |
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Lisa Fries Gardner |
| | Vice President and Secretary |
