UNITED STATES
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): November 8, 2005
LANDAUER, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-9788 06-1218089
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(Commission File Number) (I.R.S. Employer Identification No.)
2 Science Road, Glenwood, Illinois 60425
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(Address of Principal Executive Offices) (Zip Code)
(708) 755-7000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(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 (see General Instruction A.2. below):
[ ] 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))
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On November 8, 2005, the Compensation Committee of the Board of
Directors of Landauer, Inc. (the "Company") approved the annual incentive
compensation awards under the Incentive Compensation Plan for Executive
Officers (the "Plan") for the fiscal year ended September 30, 2005 ("FY
2005") and established the annual base salaries of executive officers for
2006. Any changes to an executive officer's annual base salary shall be
effective as of January 1, 2006.
FY 2005 ANNUAL INCENTIVE COMPENSATION AWARDS
The FY 2005 annual incentive compensation awards for executive
officers were determined by the Compensation Committee based upon the
achievement of Incentive Plan Operating Income compared with Forecast
Incentive Operating Income and achievement of Actual Revenues compared with
Forecast Revenues for the fiscal year.
2006 INCREASES TO BASE SALARY
The Compensation Committee determined the annual base salaries for
2006 for the Named Executive Officers other than Mr. Saxelby. The amount
of salary increase from 2005 was 3.0%.
The following table sets forth the annual base salaries for 2005 and
2006 and the FY 2005 incentive compensation awards for the Named Executive
Officers. The actual salary earned for FY 2005 will be reflected in the
Summary Compensation Table in the Company's FY 2005 proxy statement.
Incentive
Base Base Compen-
Salary Salary sation
Name and Position for 2005 for 2006* Award
- ----------------- -------- -------- ---------
William E. Saxelby
President and
Chief Executive Officer. . . . . . $350,000 $350,000 $ --
James M. O'Connell
Vice President, Treasurer,
Secretary &
Chief Financial Officer. . . . . . 202,900 209,000 73,000
R. Craig Yoder
Senior Vice President
- Marketing & Technology . . . . . 218,500 225,100 78,700
Robert M. Greaney
Vice President - Operations. . . . 160,200 165,000 57,700
* Effective January 1, 2006.
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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.
Landauer, Inc.
Dated: November 14, 2005 /s/ James M. O'Connell
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James M. O'Connell
Vice President, Finance,
Treasurer and Secretary
(Principal Financial and
Accounting Officer)
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