UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 13, 2005
Alliant Techsystems Inc.
(Exact name of Registrant as Specified in Its Charter)
Commission file number 1-10582
Delaware |
| 41-1672694 |
(State or other jurisdiction of incorporation) |
| (I.R.S. Employer Identification No.) |
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5050 Lincoln Drive |
| 55436-1097 |
(Address of principal executive offices) |
| (Zip Code) |
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Registrant’s telephone number, including area code: (952) 351-3000 |
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 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))
Item 1.01 Entry into a Material Definitive Agreement
This report amends and updates information contained in the Form 8-K dated January 31, 2005 filed by Alliant Techsystems Inc. (“ATK”) regarding the grant of performance awards to certain executive officers of ATK. Specifically, the Form 8-K dated January 31, 2005 is amended to clarify that the previously established performance goal relates to ATK’s earnings per share for only fiscal year 2007, rather than fiscal years 2005 – 2007. In addition, on June 13, 2005, certain executive officers of ATK forfeited their performance shares, and ATK cancelled the performance shares, because the awards were not qualified under Section 162(m) of the Internal Revenue Code. The Personnel and Compensation Committee of ATK’s Board of Directors has indicated that it would grant new performance share awards to these executive officers under ATK’s proposed 2005 Stock Incentive Plan if ATK’s stockholders approve that Plan at the Annual Meeting of Stockholders to be held on August 2, 2005. The new awards would have the same terms and conditions as the awards that were cancelled, except that it is expected that any payout of the performance awards would qualify for deductibility by ATK under Section 162(m) of the Internal Revenue Code. The performance share awards that were forfeited by ATK’s “named executive officers,” as defined by federal securities regulation, are as follows:
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| Number of Shares Subject to Award |
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| at Each Performance Level |
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Name and Position |
| Threshold |
| Target |
| Outstanding |
| Stretch |
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Daniel J. Murphy |
| 22,500 |
| 45,000 |
| 90,000 |
| 112,500 |
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Chairman and Chief Executive Officer |
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Eric S. Rangen |
| 6,000 |
| 12,000 |
| 24,000 |
| 30,000 |
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Executive Vice President and |
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Chief Financial Officer |
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Mark W. DeYoung |
| 6,000 |
| 12,000 |
| 24,000 |
| 30,000 |
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Senior Vice President and |
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President ATK Ammunition Group |
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Thomas R. Wilson |
| 4,500 |
| 9,000 |
| 18,000 |
| 22,500 |
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Senior Vice President and |
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President ATK Precision Systems Group |
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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.
| ALLIANT TECHSYSTEMS INC. | ||
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Date: June 16, 2005 | By: | /s/ Keith D. Ross |
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| Name: | Keith D. Ross | |
| Title: | Senior Vice President, General Counsel and Secretary |
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