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): June 7, 2007
LAYNE CHRISTENSEN COMPANY
(Exact Name of Registrant as Specified in Charter)
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| Delaware | | 0-20578 | | 48-0920712 |
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(State or Other Jurisdiction of
Incorporation) | | (Commission
File Number) | | (I.R.S. Employer
Identification No.) |
1900 Shawnee Mission Parkway
Mission Woods, Kansas 66205
(Address of Principal Executive Offices)
(913) 362-0510
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
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 CF$ 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))
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ITEM 5.02 | | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
At a meeting of the Board of Directors of Layne Christensen Company (the “Company”), held on June 7, 2007, the Board set the goals for Colin B. Kinley, a named executive officer of the Company, to qualify for a bonus under the Layne Energy, Inc. Incentive Compensation Plan (the “Plan”) for the fiscal year ended January 31, 2008. The goals are specific to the performance of the Energy Division of the Company. Mr. Kinley is the President of such division. Awards under the Plan for the fiscal year ended January 31, 2008, will be based upon three performance goals for the Energy Division, including (i) a factor for incremental gas reserves added during the fiscal year, (ii) meeting certain earnings before interest and income taxes targets for the Energy Division, and (iii) reaching and maintaining certain levels of gas production during the fiscal year.
SIGNATURES
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.
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| | LAYNE CHRISTENSEN COMPANY
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| Date: June 20, 2007 | By: | /s/ A. B. Schmitt | |
| | | Name: | Andrew B. Schmitt | |
| | | Title: | President and Chief Executive Officer | |
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