Delaware | 26-0075658 | |
(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
The Board authorized an increase in the portion of the annual retainer invested in Class A common stock of the Company through a deferred stock unit account from $85,000 to $100,000. The deferred stock units will continue to be paid to the Non-Executive Directors in cash on the fifth anniversary date of when it was credited to the Non-Executive Directors' account, unless such director leaves the Board before such date. As a result of this change, the annual retainer paid to Non-Executive Directors will increase from $170,000 per year to $185,000 per year. Other fees paid for service on a committee of the Board remain unchanged. The increase will become effective on July 1, 2006.
Since September 1, 2004, Famaztella S.L. ("Famaztella"), a private consulting firm affiliated with Mr. Aznar, provided advisory services to the Company related to its global corporate strategy and received 10,000 Euros per month for its services. The consultancy agreement between Famaztella and the Company was terminated immediately preceding Mr. Aznar's appointment to the Board.
There is no arrangement or understanding between Mr. Aznar and any other persons pursuant to which he was selected as a director of the Company. Mr. Aznar has not been appointed to any committee of the Board.
The press release announcing the appointment of Mr. Aznar to the Board, a copy of which is attached hereto as Exhibit 99.1, is hereby incorporated by reference.
News Corporation | ||||||||
Date: June 26, 2006 | By: | /s/ Lawrence A. Jacobs | ||||||
Lawrence A. Jacobs | ||||||||
Senior Executive Vice President and Group General Counsel | ||||||||
Exhibit No. | Description | |
EX-10.1 | Non-Executive Director Compensation Summary Sheet. | |
EX-99.1 | Press release of News Corporation, dated June 21, 2006. |