UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | ||||
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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): February 17, 2006 | ||||
CATERPILLAR INC. (Exact name of registrant as specified in its charter) | ||||
Delaware (State or other jurisdiction of incorporation) | ||||
1-768 (Commission File Number) | 37-0602744 (IRS Employer Identification No.) | |||
100 NE Adams Street, Peoria, Illinois (Address of principal executive offices) | 61629 (Zip Code) | |||
Registrant's telephone number, including area code: (309) 675-1000 | ||||
Former name or former address, if changed since last report: N/A | ||||
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: | ||||
| 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 230.425) | |||
| 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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On February 17, 2006, the Compensation Committee authorized the following with respect to the 2006 compensation of the company's named executive officers as defined in Regulation S-K Item 402(a)(3).
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| 2006 Salary | Bonus for 2005 Performance1 | Shares of Restricted Stock2 | Stock-settled Stock Appreciation Rights Granted2 | 2003-2005 Long Term Cash Performance Plan Payouts3 | ||||||||||
| James W. Owens | $ | 1,350,000 | $ | 1,384,605 | 300,000 | $ | 2,500,000 | |||||||
| Stuart L. Levenick | $ | 641,250 | $ | 504,425 | 1,000 | 105,000 | $ | 842,889 | ||||||
| Douglas R. Oberhelman | $ | 721,250 | $ | 589,321 | 1,000 | 110,000 | $ | 1,094,631 | ||||||
| Gerald L. Shaheen | $ | 721,250 | $ | 604,331 | 95,000 | $ | 1,094,631 | |||||||
Gérard L. Vittecoq4 | $ | 698,537 | $ | 583,023 | 95,000 | $ | 989,047 | |||||||
| Steven H. Wunning | $ | 657,750 | $ | 520,148 | 95,000 | $ | 902,756 | |||||||
1Granted under the Executive Short Term Incentive Compensation Plan (Ex.10.5 to 2004 10-K) and based on company performance versus profit per share and 6 Sigma value proposition metrics set by the Compensation Committee in February 2005. | ||||||||||||||
2Granted under the 1996 Stock Option and Long Term Incentive Plan (Ex. 10.1 to the 2004 10-K). | ||||||||||||||
3Granted under the 1996 Stock Option and Long Term Incentive Plan (Ex.10.1 to the 2004 10-K) and based on company performance from 2003 through 2005 against profit relative per share growth and return on equity metrics set by the Compensation Committee in February 2003. | ||||||||||||||
4Estimated based on exchange rate for Swiss francs as of December 31, 2005. | ||||||||||||||
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| 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 thereunto duly authorized. | ||
CATERPILLAR INC. | ||
| February 22, 2006 | By: | /s/James B. Buda |
| James B. Buda | ||
| Vice President | ||