DE | 522314475 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information to be included in the report
On November 17, 2005 our Compensation Committee finalized the company performance goals for fiscal year 2006 annual incentives for most of our employees, including our executive officers, under our existing annual cash incentive plans. These incentive plans are an integral part of the company's total compensation progra m. The plans are designed to align employees' interests with those of our shareowners and to closely tie pay with performance. The performance goals for the 2006 annual incentives are sales, earnings per share, working capital as a percentage of sales and other key business goals. Bonus payout levels are designed to be reduced if company performance is below target performance goals and increased if company performance is above those goals. As a result, bonus payouts generally range from 0% to 200% of target. Adjustments for reporting unit performance and individual performance may be made to the bonus payouts for management personnel pursuant to the terms of our incentive plans. Bonus payments under our shareowner approved Annual Incentive Compensation Plan for Senior Executive Officers (applicable to our Chief Executive Officer and our other four "named executive officers") may not exceed a pre-established percentage of our net earnings.
ROCKWELL COLLINS, INC. | ||||||||
Date: November 21, 2005 | By: | /s/ Gary R. Chadick | ||||||
Gary R. Chadick | ||||||||
Senior Vice President, General Counsel & Secretary | ||||||||