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
-----------------------------------
MARCH 13, 2006
Date of Report
MARCH 7, 2006
Date of Earliest Event Reported
-----------------------------------
NTL INCORPORATED
(FORMERLY KNOWN AS TELEWEST GLOBAL, INC.)
(Exact name of registrant as specified in its charter)
DELAWARE 000-50886 59-3778427
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation or No.)
organization)
909 THIRD AVENUE
SUITE 2863
NEW YORK, NEW YORK 10022
(Address of principal executive offices) (Zip Code)
(212) 906-8440
(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:
|_|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.
Payments under the NTL Group Long-Term Incentive Plan
- -----------------------------------------------------
On March 7, 2006, NTL Incorporated (the "Company") determined the amount of
the bonuses under the NTL Group Long-Term Incentive Plan (the "LTIP").
These bonuses were calculated based on the satisfaction of predetermined
performance goals under the LTIP through December 31, 2005, which was the
end of the three-year performance period. The bonuses under the LTIP are
expected to be paid in March 2006 and will be paid entirely in cash. The
amount of the bonuses to be paid to the named executive officers of the
Company are as follows:
Simon Duffy, Executive Vice (pound)949,116
Chairman
Jacques Kerrest, Chief Financial (pound)294,991
Officer
Bryan H. Hall, Secretary and (pound)272,360
General Counsel
Robert C. Gale, Vice (pound)175,610
President--Controller
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: March 13, 2006
NTL INCORPORATED
By: /s/ J.D. Kerrest
-------------------------------
Name: Jacques D. Kerrest
Title: Chief Financial Officer