UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 10, 2006
FEATHERLITE, INC.
(Exact Name of Registrant as Specified in its Charter)
Minnesota
(State or Other Jurisdiction of Incorporation)
| 000-24804 | 41-1621676 | |
| (Commission File Number) | (IRS Employer Identification No.) |
Highway 63 and 9
Cresco, Iowa 52136
(Address of Principal Executive Offices) (Zip Code)
(563) 547-6000
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report
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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | 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)) |
Item 1.01 Entry into a Material Definitive Agreement.
On March 10, 2006, the Compensation Committee of the Board of Directors of Featherlite, Inc. approved a Bonus Agreement with James S. Wooley, President, Luxury Coach Division and Vice President of the Company. The Bonus Agreement dated March 10, 2006, provides for a bonus of $100,000 to be paid to Mr. Wooley if his employment with the Company continues until the earlier of the date of any Change of Control, as defined in the Bonus Agreement, or until June 1, 2006, whichever comes first. The Bonus Agreement will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2005.
Item 9.01 Financial Statements and Exhibits.
| (a) | Financial statements: None. |
| (b) | Pro forma financial information: None. |
| (c) | Shell company transactions: None. |
| (c) | Exhibits: |
| None. |
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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.
Dated: March 15, 2006
| FEATHERLITE, INC. | ||
| By | /s/ Jeffery A. Mason | |
| Jeffery A. Mason | ||
| Chief Financial Officer | ||
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